Tag: SBF

10 For 10: Top Compliance Stories For The Week Ending August 24, 2024

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Post date August 24, 2024
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Every Saturday, 10 For 10 highlights the most important news, insights, and analysis for the compliance professional, all curated by the Voice of Compliance, Tom Fox. Get your weekly filling of compliance stories with 10 for 10, a podcast produced by the Compliance Podcast Network.

Corruption in the OIG? (The Hill)
Menendez resigns from the Senate. (AP)
Putin was shocked to find corruption in Russia. (Newsweek)
SEC censorship? (FT)
What to do about workplace assassins? (NYT)
Santos pleads guilty. (WSJ)
TD Bank reserves $2.6 billion for the AML fine. (WSJ)
An ex-Vitol trader pleads guilty. (Law360)
Mike Lynch’s body was found. (FT)
Michael Lewis issues mea culpa on SBF. (WaPo)

For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.

You can check out the Daily Compliance News for four curated compliance and ethics-related stories each day, here.

Connect with Tom

Tags corruption, FCPA, fraud, George Santos, Mike Lynch, OIG, SBF, SEC, Senator Robert Menendez, Vitol, Vitol Trading

Daily Compliance News

Daily Compliance News: August 23, 2024 – The $2.6 Billion Edition

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Post date August 23, 2024
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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 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, or general interest for the compliance professional.

In today’s edition of Daily Compliance News:

TD Bank reserves $2.6 billion for the AML fine. (WSJ)
Mike Lynch’s body was found. (FT)
Michael Lewis issues mea culpa on SBF. (WaPo)
An ex-Vitol trader pleads guilty. (Law360)

For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.

Tags corruption, Michael Lewis, Mike Lynch, SBF, TD Bank

Daily Compliance News

Daily Compliance News: June 14, 2024 – The Headed to Rehab Edition

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Post date June 14, 2024
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Each day, we consider four stories from the business world: compliance, ethics, risk management, leadership, or general interest for the compliance professional.

In today’s edition of Daily Compliance News:

Tyson Foods CFO was suspended for drunk driving. (Bloomberg)
5 takeaways from the Menendez trial. (CNN)
The FAA says greater oversight is needed over Boeing. (NYT)
FTX administrator looking again at Sullivan and Cromwell. (Law.com)

For more information on the Ethico ROI Calculator and a free white Paper on the ROI of Compliance, click here.

Tags FTX, SBF, Senator Robert Menendez, Tyson Foods

2 Gurus Talk Compliance

2 Gurus Talk Compliance: Episode 26 – The Compliance Week Wrap Up Edition

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Post date April 12, 2024
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What happens when two top compliance commentators get together? They talk about compliance, of course. Join Tom Fox and Kristy Grant-Hart in 2 Gurus Talk Compliance as they discuss the latest compliance issues in this week’s episode!

In this episode, Tom and Kristy take on a wide variety of compliance related topics.

The Compliance Week National Conference, a premier event in the field of compliance, offered a rich assortment of discussions and insights on various compliance topics, such as AI monitoring, risk assessment, and oversight of the Foreign Corrupt Practices Act (FCPA). Among the expert attendees were compliance professionals Tom and Kristy.

Tom highlighted the invaluable practical discussions led by practitioners, which had direct impact on compliance practices. He found the sessions on risk assessments and third-party risk management to be engaging and informative.

Similarly, Kristy found the conference sessions to be enlightening, notably a keynote on artificial intelligence and a workshop on leadership. She also valued the call for transparency in compliance roles, underscoring the conference’s ability to address recurring compliance challenges.

Both Fox and Grant-Hart’s perspectives were shaped by their extensive experiences and expertise in the field of compliance, highlighting the conference’s appeal to both veterans and newcomers alike.

Highlights Include:

1. Compliance Week Conference Roundup – Key thoughts, takeaways, and moments

2. Ericsson released from DPA. (WSJ)

3. SEC says self-reporting is critical. (WSJ)

4. Corruption with JFK taxi dispatchers. (NYPost)

5. No more late night messages from your boss—the Right to Disconnect. (WaPo)

6. Trafigura pleads guilty. (The Maritime Executive)

7. Inside the Russian Shadow Trade for Weapons Parts, Fueled by Crypto (WSJ)

8. Sam Bankman – Fried is still gambling (The Verge)

9. The Frustration of CCO Job Searches (Radical Compliance)

10. Florida man put car in cruise control, then partially stood up through sunroof while speeding, deputies say (FOX 35 Orlando)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Tags anti-corruption enforcement, compliance, corruption, Ericsson, FCPA, Florida Man, SBF, SEC

10 For 10

10 For 10: Top Compliance Stories For The Week Ending March 2, 2024

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Post date March 2, 2024
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Welcome to 10 For 10, the podcast that brings you the week’s Top 10 compliance stories in one podcast each week. Tom Fox, the Voice of Compliance, brings to you, the compliance professional, the compliance stories you need to be aware of to end your busy week. Sit back, and in 10 minutes, hear about the stories every compliance professional should be aware of from the prior week. Every Saturday, 10 For 10 highlights the most important news, insights, and analysis for the compliance professional, all curated by the Voice of Compliance, Tom Fox. Get your weekly filling of compliance stories with 10 for 10, a podcast produced by the Compliance Podcast Network.

Crypto exchange Gemini returns over $1bn to customers. (WSJ)
Green audits are coming. (FT)
Did Boeing violate the DPA? (NYT)
Will ComEd defendants walk free? (Chicago Sun-Times)
Boeing has 90 days to fix the QA/QC issue. (NYT)
SBF says he only deserves 6 years in prison. (FT)
Did McKinsey work for or not work for the Chinese government? (FT)
How did Iraqi corruption cost the country. (OilPrice)
An ex-Vitol Trading trader was found guilty of bribery. (WSJ)
Exec’s husband pleads guilty to insider trading. (WSJ)

For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.

You can check out the Daily Compliance News for four curated compliance and ethics-related stories each day here.

Connect with Tom:

Tags Boeing, ComEd, corruption, crypto, DOJ, FAA, FTX, green audits, McKinsey, SBF, Vitol Trading

Daily Compliance News

Daily Compliance News: February 29, 2024 – The I Want Leniency Edition

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Post date February 29, 2024
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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 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, or general interest for the compliance professional.

In today’s edition of Daily Compliance News:

SBF says he only deserves 6 years in prison. (FT)
Boeing has 90 days to fix the QA/QC issue. (NYT)
Key figures in the Ukrainian arms trade are in trouble for corruption. (NYT)
Kirkland, Jackson Walker hit with the RICO suit. (AMLaw)

For more information on Ethico and a free White Paper on top compliance issues in 2024, click here.

Tags Boeing, corruption, Jackson Walker, SBF, Ukraine

Daily Compliance News

Daily Compliance News: November 13, 2023 – The Parents in Trouble Edition

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Post date November 13, 2023
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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 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, or general interest for the compliance professional.

Stories we are following in today’s edition:

SBF parents face legal peril. (WaPo)
Does Apple owe you money? (NYT)
Navy contractor sentenced for bribery. (WaPo)
JPMorgan’s $290 Epstein settlement approved by court. (Reuters)

Tags Apple, corruption, Jeffrey Epstein, JPMorgan, SBF

10 For 10

2 Gurus Talk Compliance – Episode 18 — Florida Man Games

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Post date November 10, 2023
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What happens when two top compliance commentators get together? They talk compliance of course. Join Tom Fox and Kristy Grant-Hart in 2 Gurus Talk Compliance as they discuss the latest compliance issues in this week’s episode! In this episode, Tom and Kristy take on various topics including the state image of Florida Man.

In the complex world of corporate governance, the issues of corporate misconduct, leadership accountability, and professional productivity are of paramount importance. Tom emphasizes the need for thorough due diligence when appointing leaders, particularly those with a history of misconduct. He also advocates for detailed record-keeping as a tool for managing workload and enhancing productivity. Kristy echoes these sentiments, highlighting the significance of ethical leadership and effective compliance measures. She also offers practical strategies for dealing with workplace challenges such as micromanagement and office politics. Join Tom Fox and Kristy Grant-Hart as they delve deeper into these topics in this award-winning 2 Gurus Talk Compliance podcast episode.

Highlights Include:

1. FCA bans Jes Staley (Compliance Week)

2. What is the purpose of a policy: Integrity in cricket? (University of Sussex)

3. CA gun shop owner pleads guilty to bribing former county sheriff. (CSB-SF)

4. US Bankruptcy trustee seeks return of fees award to law firm of paramour. (Reuters)

5. ICO apologizes to ex-Nat West chief. (FT)

6. Lawmakers Press Costco on China Forced Labor (WSJ)

7. Sam Bankman-Fried convicted of multi-billion dollar FTX fraud (Reuters)

8. UK Parliament Enacts Sweeping New Fraud Legislation Aimed at AML/TF Activities (Volkov)

9. Ever Thought ‘Just Leave Me Alone to Do My Job’? This Is for You (WSJ)

10. Which Florida Man best embodies the state’s spirit? A new contest will decide. (Washington Post)

Resources

Kristy Grant-Hart on LinkedIn

Tom

Tags COI, Costco, cricket, FTX, ICO, Jes Staley, SBF, UK

GalloCast

Gallocast-Episode 12: Halloween and Day of the Dead

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Post date November 5, 2023
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Welcome to the GalloCast. You have heard of the Manningcast in football. Now we have the Gallocast in compliance. The two top brothers in compliance, Nick and Gio Gallo, come together for a free-form exploration of compliance topics. It is an excellent insight on compliance brought to you by the co-CEOs of ComplianceLine. Fun, witty, and insightful with a dash of the two brothers throughout. It is like listening to the Brothers Gallo talk about compliance at the Sunday dinner table. Hosted by Tom Fox, the Voice of Compliance.

Halloween and Day of the Dead are just past us as the Brothers Gallo return for another Gallocast. Nick Gallo, in discussing SBF and FTX, emphasizes the importance of legal guidance and accountability in navigating complex ethical issues. He believes in the power of effective communication and strategic leadership in advocating for corporate ethics and compliance. On the other hand, Gio Gallo, with his focus on storytelling and advocacy, stresses the significance of securing budget allocation towards compliance and ethics from the executive suite. He believes a cultural shift within the organization involving a diverse group of individuals is crucial in addressing compliance and ethics challenges. Join Tom Fox, Nick Gallo, and Gio Gallo as they delve deeper into these topics in this episode of the GalloCast podcast.

Key Highlights:

SBF and Advice of Counsel defense. Where does the leadership buck stop?
RTW or WFH. How should an employer(s) approach this topic?
DS Disco- Why would 25% of the workforce write a letter to BOD asking them to fix corporate culture?
At what point should a start-up build out its internal controls? How about a compliance program?
How transparent should your whistleblowing process be with a reporter?
UM, the football program, is being investigated for electronic sign stealing.
What happens if a whistleblower allegation is made in bad faith?

Resources

Nick Gallo on LinkedIn

Gio Gallo on LinkedIn

Ethico

Tom Fox

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