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Daily Compliance News

Daily Compliance News: October 24, 2024 – The Quid Pro Quo 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 Quid Pro Quo-Judge Aileen Cannon is on Trump’s short list to be AG. (ABC)
  • Peru’s ex-President gets 20 years for corruption. (NPR)
  • Open AI hires its first E&C chief. (Bloomberg)
  • Charges dropped against Tigran Gambaryan in Nigeria. (Wired)

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Life with GDPR

Life With GDPR – Joe Sullivan Sentence

Tom Fox and Jonathan Armstrong, renowned expert in cyber security, co-host the award-winning Life with GDPR. Matt Kelly and Jonathan Marks join Tom and Jonathan Armstrong on this episode, as they explore the case of former Uber CISO Joe Sullivan and the lessons compliance officers can learn from his lenient sentence. From growing trends of personal accountability to conflict of interests, the hosts provide six tips for chief compliance officers to protect themselves, including rehearsing responses and seeking external advice when necessary. This eye-opening episode also delves into the challenges faced by compliance officers in situations like Etsy’s ransomware scheme and how they must be cautious with threat actors’ demands. Don’t miss out on this insightful episode that will leave you questioning whether Sullivan was unfairly punished and whether executives’ remuneration packages will receive greater scrutiny going forward. Tune in now to Life With GDPR.

 Key Takeaways:

·      The Joe Sullivan Uber Case and Lessons Learned

·      Individual Liability in Corporate Malpractice

·      Compensation and Conflicts of Interest

·      The Challenges of Compliance Officers in Wrongdoing Incidents

 Resources

For more information on the issues raised in this podcast, check out the Cordery Compliance, News Section. For more information on Cordery Compliance, go their website here. Also check out the GDPR Navigator, one of the top resources for GDPR Compliance by clicking here.

Connect with Tom Fox

●      LinkedIn

Connect with Jonathan Armstrong

●      Twitter

●      LinkedIn

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Daily Compliance News

Daily Compliance News: May 22, 2023 – The Unexpected Consequences 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:

  • Uber DEI head put on leave for ‘insensitivity’. (NYT)
  • Some unexpected consequences from mass layoffs. (FT)
  • DeSantis tries to disqualify a federal judge. (Reuters)
  • Epstein threatened to blackmail Bill Gates over an affair. (WSJ)
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Life with GDPR

Sullivan Conviction from GDPR Perspective

Jonathan Armstrong and Tom Fox return for another episode of the award-winning Life with GDPR. In this episode, we discuss the recent conviction of Joe Sullivan, former CISO at Uber, for his role in hiding a data breach that hit the company. Sullivan was convicted in the US in October 2022 in connection with an investigation into a ransomware attack on Uber in 2016. However, we look at the conviction from the GDPR and UK perspective and ask whether it portends potential liability for CISOs and CCOs in the EU and UK. For instance, does this mean there are likely to be more prosecutions against executives? And could we see similar prosecutions in Europe? For a more detailed discussion and links to the case, check out the Cordery Compliance News Alert on the case, which you can find in the link below.

Some of the highlights include:

1.     What were the facts?

2.     Was Sullivan guilty of negligence or intentional conduct?

3.     Why were prior Uber convictions so significant?

4.     What happens next?

5.     Could this lead to more prosecutions of executives?

6.     What does this mean under GDPR and in the UK?

Resources

For more information on the issues raised in this podcast, check out the Cordery Compliance News Section. For more information on Cordery Compliance, go to their website here. Also, check out the GDPR Navigator, one of the top resources for GDPR Compliance, by clicking here.

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From the Editor's Desk

October and November in Compliance Week

Welcome to From the Editor’s Desk, a podcast where co-hosts Tom Fox and Kyle Brasseur, EIC at Compliance Week, unpack some of the top stories which have appeared in Compliance Week over the past month, look at top compliance stories upcoming for the next month, talk some sports and generally try to solve the world’s problems.

In this month’s episode, we look back at top stories in CW from October around the Lafarge criminal action, the former Uber CISO convicted criminally for attempting to hide a data breach, and the agreement between Google and the DOJ for the company to create a position of a legal compliance monitor. We previewed some of the stories CW will look at in November, including the current state of SEC rulemaking, and Kyle teased out some findings from the CW ‘Inside the Mind of the CCO’ survey, which recently concluded.

We conclude with a look at some of the top sports stories, including a look at a Red Sox fan’s view of the 2022 World Series, ask about a quarterback controversy in New England and overreact to the first week of the NBA season.

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FCPA Compliance Report

Tomell Ceasar and the Middle East and Africa Compliance Association

In this episode of the FCPA Compliance Report, I am joined by Tomell Ceasar. He is the Group Head of Ethics and Compliance at Careem (An Uber Company). He is one of the founders of the Middle East and Africa Compliance Association (MEACA). Some of the highlights include:

1.     What is it like practicing compliance in EAME?

2.     EAME is a huge amount of territory to cover with many different countries and cultures.

3.     How does that play into compliance for the region?

4.     Training in EAME.

5.    Genesis of MEACA.

6.    What do you and the other founders hope to accomplish through MEACA?

 7.    What are the requirements for membership?

Resources

Tomell Ceasar on LinkedIn

The Middle East and Africa Compliance Association

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Daily Compliance News

September 17, 2022 the Uber Cyberbreach Edition

In today’s edition of Daily Compliance News:

  • GOL Airlines settle FCPA claims for $41MM. (FCPABlog)
  • RR near strike is not about pay but scheduling. (NYT)
  • White House releases crypto regulation framework. (CryptoBriefing)
  • Uber was hit with a massive cyber breach. (WSJ)
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Daily Compliance News

September 9, 2022 the More Corruption Allegations in College Edition

In today’s edition of Daily Compliance News:

  • Steve Bannon was charged with money laundering. (WSJ)
  • Musk lawsuit over Dogecoin expands. (Reuters)
  • More allegations of corruption at USC. (Foreign Policy)
  • Ex-Uber Security Chief claims Uber legal led hacking response. (Law360)
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Daily Compliance News

July 25, 2022 The Vince McMahon Retires Edition

In today’s edition of Daily Compliance News:

  • VW CEO retires. (NYT)
  • Vince McMahon retires. (NYT)
  • My Big-Coin founder is guilty of crypto fraud. (WSJ)
  • Uber avoids prosecution in the hacking cover-up. (Reuters)
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Daily Compliance News

July 16, 2022 the How to Stop Cheating edition


In today’s edition of Daily Compliance News:

  • FRC orders accounting firms to say how they will stop cheating. (FT)
  • Uber sued over sexual assault claims. (BBC)
  • ABB employees and wives were arrested for South African corruption. (Bloomberg)
  • DOT publishes fact sheets on Russia Sanctions. (WSJ)