Categories
Everything Compliance

Everything Compliance: Episode 160, The What Next Edition

Welcome to this Edition of award-winning Everything Compliance. In this episode, we have the complete quintet of Matt Kelly, Jonathan Marks, Jonathan Armstrong, Karen Woody, and Karen Moore, with Tom Fox, the Compliance Evangelist, sitting in as host.

  1. Matt Kelly looks at the doxing of corporate employees in the wake of the Charlie Kirk shooting. He shouts Boston Mayoral candidate Josh Craft, who bowed out of the race.
  2. Jonathan Marks delves into the details of a fraud risk analysis. He shouts out to Sheinelle Jones, all those who lost loved ones to cancer, and cancer victim caregivers.
  3. Jonathan Armstrong discusses the current problem of inadvertently hiring North Koreans. He shouts out to the Grand Ole Opry.
  4. Karen Moore delves deeply into accent bias. She rants about ABC and Disney’s decision to suspend Jimmy Kimmel.
  5. Karen Woody examines the President’s call to switch to semi-annual financial reporting, as opposed to quarterly. She shouts out to the Netflix show Adolescence, which swept the Emmys.
  6. Tom Fox shouts out the Community Foundation of the Hill Country, which took in over $100 million in donations for victims of the July 4 flood in just 30 days.

The members of Everything Compliance are:

The host, producer, and sometimes panelist of Everything Compliance is Tom Fox, the Voice of Compliance. He can be reached at tfox@tfoxlaw.com.  The award-winning Everything Compliance is a part of the Compliance Podcast Network.

Categories
Daily Compliance News

Daily Compliance News: May 29, 2025, The 0 – 3 Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News—all from the Compliance Podcast Network. Each day, we consider four stories from the business world: compliance, ethics, risk management, leadership, and general interest, all of which are relevant to the compliance professional.

Top stories include:

  • Former analyst sues Freeport Commodities for retaliation. (Reuters)
  • Will the US sanction the leading Brazilian justice? (FT)
  • How North Korea is infiltrating the US job market. (WSJ)
  • Third Law Firm Wins Against Trump Administration. (NYT)
Categories
Compliance Into the Weeds

Compliance into the Weeds: BAT Sanctions Enforcement Action

The award-winning, Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore a subject and looking for some hard-hitting insights on sanctions compliance. Look no further than Compliance into the Weeds!

Tom Fox and Matt Kelly dive into the recent enforcement action against British American Tobacco (BAT) for violating North Korean sanctions. After years of evading sanctions and funneling over $630 million, regulators have imposed the maximum penalty. Join the podcast to understand the scheme enacted by BAT and the consequences of their actions. They also discuss the need for clarity around who is responsible for ensuring compliance with OFAC and the Justice Department for the next 5 years. With potential penalties looming, the consequences senior management could face, and the extent of compliance commitments expected of BAT, this is a case you want to take advantage of. Listen to Tom and Matt make sense of this perplexing case and what it means for companies in countries like North Korea.

Key Highlights:

·      Sanctions enforcement on British American Tobacco

·      The North Korean Scheme of British American Tobacco

·      British American Tobacco’s Sanctions Compliance Penalty and Requirements

·      Legal implications of BAT’s North Korea joint venture

Notable Quotes:

“I almost think we should just name this series, ‘the hits just keep on coming’ as  sanctions is the new FCPA.”

“This is a long-running, complicated scheme involving the highest levels of BAT knew this was going on to evade sanctions risks.”

“Short of Activision Blizzard, this case strikes me as 1 of the most egregious that we have seen in any form of trade control, export control, trade sanctions, FCPA, or other major corporate white collar.”

“They talk about how BAT and its subsidiaries knew full well that US sanctions said you can’t do business with North Korea; they were upset over how BAT publicly announced it.”

 Resources

Matt 

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Blog Post in Radical Compliance

Tom 

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Categories
Compliance Kitchen

Penalty for Crypto Services to North Korea


The DOJ obtains a guilty plea to providing crypto services to N Korea, in violation of US sanctions.  Stop by as the Kitchen reviews the details.

Categories
Compliance Kitchen

DOJ Sanctions on North Korea Trade


The Kitchen reviews a recent seizure by the DOJ of a tanker used for illegal shipments into North Korea.