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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: October 22, 2024 – The Sketchy as Hell 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:

  • An analysis of Supreme Court’s legalization of corruption. (NYT)
  • TikTok sacks intern for sabotage. (BBC)
  • Preventing bad behavior at work. (FT)
  • Extreme forum shopping. (CoinDesk)

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Daily Compliance News

Daily Compliance News: May 3, 2024 – The TikTok and Bribery 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:

  • TikTok discloses internal investigations of bribery and corruption.  (South China Morning Post)
  • CFTC names its first AI chief. (WSJ)
  • Bill Hwang (of Archegos; remember him) goes to trial on May 8. (Bloomberg)
  • The Exxon Pioneer merger was approved (with a caveat).  (NYT)

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

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Creativity and Compliance

Creativity and Compliance: Reels and Shorts

Where does creativity fit into compliance? In more places than you think. Problem-solving, accountability, communication, and connection—they all take creativity.

Join Tom Fox and Ronnie Feldman on Creativity and Compliance, part of the award-winning Compliance Podcast Network.

Ronnie’s company, Learnings and Entertainment, utilizes the entertainment devices that people use to consume information in their everyday, non-work lives and applies it to important topics around compliance and ethics. It is not only about being funny. It is about changing the tone of your compliance communications and messaging to make your compliance program, policies, and resources more accessible.

Today Ronnie and Tom consider how Reels and Shorts can be used by compliance for great engagement and compliance communications.

In today’s digital era, the concept of utilizing social channels for communication is gaining significant momentum. Fox, a strong advocate for the use of social channels, believes in integrating elements of pop culture and millennial trends into corporate communication efforts to ensure the message is not only informative but also entertaining. Such strategies can enhance visibility, influence, and the overall effectiveness of compliance programs.

Similarly, Ronnie emphasizes the need to adapt to modern communication trends, such as the use of short, engaging videos akin to those found on platforms like TikTok and YouTube. Incorporating fun and interesting videos into communication strategies can help break down barriers, increase engagement, and ultimately improve the effectiveness of compliance training and messaging.

Both these experts highlight the importance of simplifying messages, adding entertainment value, and distributing content in various places to increase visibility and influence within the organization.

Key Highlights:

  • Engaging Short Videos for Corporate Communication Strategy
  • Engaging Corporate Communications Through Multimedia Tactics
  • Engaging Compliance Programs for Organizational Influence

Resources:

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

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2 Gurus Talk Compliance

2 Gurus Talk Compliance – Episode 25 – The Never Go Away Edition

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 tackle various compliance-related topics.

Tesla’s corporate governance is under the spotlight, focusing on the company’s board independence and potential conflicts of interest. Fox has pointed out Elon Musk’s profound control over Tesla, suggesting that the lack of board independence and oversight may necessitate regulatory scrutiny, especially from the Securities and Exchange Commission (SEC). His perspective is rooted in his belief in the importance of corporate governance in protecting shareholder interests, and he raises questions about whether Musk’s leadership is aligned with the expectations of a public company CEO. Similarly, Kristy cites problems with board independence and potential conflicts of interest. She emphasizes the lack of governance within Tesla, particularly noting the court-nullified pay package granted to Musk, and suggests that the SEC may need to intervene even further. She, like Fox, implies that it may be time for Musk to step down and allow for better governance under the scrutiny of regulatory authorities.

Highlights Include

  1. Warren wants the SEC to look into Tesla Board independence. (WSJ)
  2. Goldman files a suit against Malaysia over 1MDB. (Bloomberg)
  3. Mike Lynch finally goes on trial. (FT)
  4. SEC settles first AI washing enforcement. (WSJ)
  5. Adani Green says there is no DOJ investigation notice. (Bloomberg)
  6. TikTok’s Fate Now Hinges on the Senate (WSJ)
  7. The EU Corporate Sustainability Due Diligence Directive—March 2024 Update (JDSUPRA)
  8. Survey: CCO Resources, Pressures Both Rising (Radical Compliance)
  9. Data sharing causing concerns for drivers (WGRZ)
  10. ‘Not my fault the truck don’t surf’: Florida man arrested after driving car into the ocean (WFLA)

Resources

Kristy Grant-Hart on LinkedIn

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Daily Compliance News

Daily Compliance News: March 14, 2024 – The Farewell to Tik-Tok? 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:

  • The House passes legislation to require the sale of Tik-Tok. (NYT)
  • Bank regulators weigh greater operational resiliency requirements.  (WSJ)
  • Boeing overwritten the video of safety work. (Axios)
  • The DoT wants South Africa to increase its fight against corruption. (Reuters)

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

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Daily Compliance News

Daily Compliance News: May 20, 2023 – The More Sweeps Coming 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.

Stories we are following in today’s edition:

  • DeSantis doesn’t want Disney business; Disney obliges. (NYT)
  • Tesco CEO to resign for inappropriate behavior. (FT)
  • Montana TikTok Ban not enforceable? (WaPo)
  • More SEC sweeps are coming (Financial Advisor)
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Daily Compliance News

April 7, 2023 – The Good Friday/Passover 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.

Stories we are following in today’s edition of Daily Compliance News:

  • DFS shut Signature Bank for liquidity reasons, not crypto reasons. (WSJ)
  • When Elon yaps? (Reuters)
  • China has nothing to do with TikTok except defend it. (NYT)
  • Steinmetz blames George Soros for losing the appeal. (FT)
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Daily Compliance News

March 30, 2023 – The Retaliation 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.

Stories we are following in today’s edition of Daily Compliance News:

·       Exxon climate foes hacked.  (WSJ)

·       Only bad employees are fired.  (NPR)

·       TikTok tracks geo-locations. (TechTheLead)

·       Companies urged to take stock of their climate damage. (WSJ)

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Daily Compliance News

March 25, 2023 – The Mintz Employees Arrested in China 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.

Stories we are following in today’s edition of Daily Compliance News:

  • Legacy of Iraq-corruption, corruption, and more corruption. (AP)
  • Tiktok CEO struggles before Congress. (NYT)
  • Coinbase gets Wells Notice. (Bloomberg)
  • Mintz Group was raided in China, and employees were arrested. (Reuters)