Tag: SEC

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2 Gurus Talk Compliance

2 Gurus Talk Compliance – Episode 41 – The Where Are We Headed Edition

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!

Stories This Week Include:

  • End of ESG and crypt initiatives at SEC.  (WSJ)
  • What science reveals about corruption. (El Pais)
  • FinCEN, corruption, and the real estate industry.  (Reuters)
  • Would you trust Mattel to list your website?   (NYT)
  • Fat Leonard was sentenced. (NYT)
  • 10 Compliance Lessons Learned from the Telefónica Venezolana FCPA Enforcement Action (JDSUPRA)
  • DOJ has received 200 tips since launching the whistleblower program (LEGALDIVE)
  • Retaliation – The Reality From passive policy to a data-driven active anti-retaliation program (IDEAS & ANSWERS)
  • Connect With One Old Colleague or Boss (WSJ)
  • A quick guide to rekindling a business relationship gone dormant—and why it’s important to do it  
  • Ex-Disney Employee Accused of Hacking Disney World Menus, Changing Font to Wingdings (404 MEDIA)

 

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Everything Compliance

Everything Compliance: Episode 145, 8 Years Later: The Second Trump Administration

Welcome to this Special Edition of Everything Compliance. This podcast came into existence to chronicle what Donald Trump would mean for compliance in his first administration. Our first episode was 8 years ago after Trump won his first term. Now, 8 years later, we are back with a look at what the second Trump Administration may bring to compliance. This episode features the quintets of Matt Kelly, Jonathan Marks, Karen Woody, Jonathan Armstrong, and Karen Moore. They all look at various angles of how the incoming Trump Administration uses, abuses, or disregards compliance in the future.

  1. Jonathan Marks considers the PCAOB and NOCAR, what the second Trump Administration could do to this initiative and what it may all mean going forward. He shouts out to his son Daniel’s football game and rants about the 76ers and their absent star Joel Embiid.
  2. Karen Moore takes a deep dive into what the second Trump Administration will mean for compliance policies and procedures and tone at the top. She raves about the beauty in the world in times of ugliness.
  3. Matt Kelly takes a look at what the new Trump Administration may portend for corporate compliance and compliance professionals. He raves about the elections of Gene Vindman and David Valadao to Congress in the face of Trump opposition.
  4. Karen Woody looks at what the new Trump Administration may mean for the SEC going forward. She has her first ‘dirge’ in her shout out and rant to all those people who have been or will be attacked by Trump and his supporters
  5. Tom Fox shouts out the Indiana football team and their perfect record in 2024.
  6. Jonathan Armstrong looks at what a second Trump Administration might mean from ‘Across the Pond’.

The members of the Everything Compliance are:

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

For more information on the Ethico Toolkit for Middle Managers, available at no charge by clicking here.

Check out the full 3-book series, The Compliance Kids on Amazon.com.

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Daily Compliance News

Daily Compliance News: November 12, 2024 – The Science of Corruption 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, or general interest for the compliance professional.

  • What science reveals about corruption. (El Pais)
  • End of ESG and crypt initiatives at SEC. (WSJ)
  • FinCEN, corruption, and the real estate industry. (Reuters)
  • Would you trust Mattel to list your website?  (NYT)

For more information on the Ethico Toolkit for Middle Managers, available at no charge, click here.

Check out the full 3-book series, The Compliance Kids, on Amazon.com.

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10 For 10

10 For 10: Top Compliance Stories For the Week Ending November 9, 2024

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 you the compliance professional and the compliance stories you need to know to end your busy week. Sit back, and in 10 minutes, hear the stories every compliance professional should know 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.

  • Canada shuts down TikTok. (NYT)
  • US backs Argentina in fight of YPF. (FT)
  • FinTechs need to be more proactive around regulatory compliance. (American Banker)
  • French soccer corruption investigations expand. (Bloomberg)
  • The cost of flouting corruption. (Forbes)
  • Fat Leonard was sentenced. (USNI)
  • How corruption facilitates organized crime. (UN)
  • SEC needs to prepare for more regulatory challenges.  (WSJ)
  • It turns out audit reports do matter.    (WSJ)
  • Warren rebukes DOJ over TD Bank settlement.    (WSJ)

For more information on the Ethico Toolkit for Middle Managers, available at no charge, click here.

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

Check out the full 3-book series, The Compliance Kids, on Amazon.com.

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Daily Compliance News

Daily Compliance News: November 7, 2024 – The Fat Leonard Sentenced 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 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:

  • Fat Leonard was sentenced. (USNI)
  • SEC needs to prepare for more regulatory challenges. (WSJ)
  • How corruption facilitates organized crime. (UN)
  • The cost of flouting corruption. (Forbes)

 

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Daily Compliance News

Daily Compliance News: November 1, 2024 – The Day of The Dead 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 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:

  • It turns out audit reports do matter. (WSJ)
  • A Texas judge fights forum shopping. (NYT)
  • JP Morgan set to settle several SEC enforcement actions. (Reuters)
  • UBS stuck in yet another Mozambique tuna bond investigation. (Bloomberg)

 

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Compliance Into the Weeds

Compliance into the Weeds: Unveiling RTX’s Costly Compliance Failures and Corporate Misconduct

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

In this episode, Tom Fox and Matt Kelly take a deep dive into the RTX Foreign Corrupt Practices Act enforcement action.

Their discussion unveils complex bribery schemes involving millions paid to Qatari agents and the family of the Emir to secure defense contracts. Despite strict regulatory oversight, Raytheon’s (now RTX) compliance missteps spanned from 2012 into the 2020s, resulting in massive fines. Matt and Tom scrutinize these failures, detailing the SEC and DOJ’s mandates for dual monitorships due to violations of the False Claims Act and FCPA and the Board’s critical role in addressing these issues. Additionally, a comparative look at other significant FCPA cases, including Moog’s penalties for bribery in India, highlights persistent corporate misconduct and the ongoing challenges in achieving effective corporate compliance.

Key Highlights:

  •  Overview of Raytheon’s Violations
  •  Qatari Agent and Further Corruption
  •  Raytheon’s Compliance Failures
  • Management and Compliance Failures
  • Board Oversight and Responsibilities
  •  Reflections on Compliance and Enforcement

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Daily Compliance News

Daily Compliance News: October 23, 2024 – The Fired for Multitasking 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 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:

  • EY fires staff who took multiple online training courses at the same time. (FT)
  • Harris looking at crypto friendly types to head SEC. (Unchained)
  • Investigation into Brazilian fighter jet sale. (ClearanceJobs)
  • Former A&F CEO arrested for sex trafficking. (WSJ)

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2 Gurus Talk Compliance

2 Gurus Talk Compliance: Episode 39 – The TD Bank Edition

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, co-hosts Kristy Grant-Hart and Tom Fox tackle several high-profile compliance issues. They start with TD Bank’s $3 billion money laundering scandal, exploring how inadequate compliance measures and lack of investment enabled a decade-long operation involving $18.3 trillion in questionable transactions. The discussion critiques the penalties imposed on TD Bank and reflects on the broader industry implications. The hosts then shift focus to collateral damage from fentanyl, human trafficking, modern slavery, and terrorist financing, spotlighting the OCC’s novel restrictive actions and an SEC enforcement case involving Indian bribery schemes by Moog.

Transitioning to corporate compliance dynamics, the podcast covers the Texas incident involving Deloitte’s mishandling of a convicted felon’s loan application, raising significant questions about due diligence. Frances Haugen’s advocacy for stronger whistleblower protections, particularly in the AI sector, gets highlighted. The episode concludes by addressing the legal ramifications of anti-boycott provisions, the complexities of election season in the workplace, and recent developments in the Boeing case, encapsulating these serious discussions with a humorous note on a bizarre Florida man incident.

Stories Include:

  • TD Bank Money Laundering Scandal
  • Caremark Claims and Broader Implications
  • Indian Bribery Case and SEC Enforcement
  • Debating the ECCP Guidance
  • Texas’ $5 Billion Power Plant Scandal
  • Facebook Whistleblower Frances Haugen Speaks Out
  • Understanding Anti-Boycott Provisions
  • Managing Politics in the Workplace
  • Boeing’s Legal Troubles and DEI Concerns
  • Florida Man’s Unusual Drug Complaint

 Resources:

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Daily Compliance News

Daily Compliance News: October 16, 2024 – The Gone in 60 Seconds 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 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:

  • Canada’s reputation for clean banking gone in 40 minutes.  (The Globe and Mail)
  • Grewal moves to Wall Street. (WSJ)
  • Which EU country is the most corrupt? (EuroNews)
  • It wasn’t the AML; it was intentionally starving compliance. (Bloomberg)