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Daily Compliance News

Daily Compliance News: November 28, 2023 – The Hung Out to Dry 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.

Stories we are following in today’s edition:

  • Tesla really doesn’t want unions in Sweden. (FT)
  • UK defendants say bribes were approved by the UK government. (Bloomberg)
  • CZ wants to go home. (Forbes)
  • Palm oil corruption in Honduras (The Guardian)
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2 Gurus Talk Compliance

2 Gurus Talk Compliance – Episode 18 — Florida Man Games

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

Spark Consulting

Tom

Instagram

Facebook

YouTube

Twitter

LinkedIn

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Daily Compliance News

Daily Compliance News: November 9, 2023 – The ESG Helps Hiring 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.

  • ESG helps in hiring the best and brightest. (FT)
  • The UK hits Russia with new sanctions. (WSJ)
  • Indian anti-corruption journalist targeted in spy op. (Reuters)
  • GE Aerospace to pay $9.4M in a DOJ false claims case (Compliance Week)
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Daily Compliance News

Daily Compliance News: August 21, 2023 – The Crypto Under Magnifying Glass Again Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance brings to 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.

  • UK to put magnifying glass on crypto transfers. (WSJ)
  • The next frontier for corporate benefits? (NYT)
  • ABC ex-prosecutor surges in Guatemalan Presidential race. (WaPo)
  • Lithium batteries scrutinized under UFLPA. (Reuters)
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Daily Compliance News

Daily Compliance News: August 15, 2023 – The All FT Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance brings to 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.

  • African Development Bank not using ABC funds. (FT)
  • Aide to Madagascar leader arrested for corruption. (FT)
  • Bosses must take the time to learn from mistakes. (FT)
  • China de-coupling? (FT)
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Daily Compliance News

Daily Compliance News: July 14, 2023 – The Letter to the Editor Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance brings to 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.

  • GOP demands more regulation of big tech, then investigates FTC for doing so. (WSJ)
  • Is your company investing in China? (NYT)
  • Alleged fraudster said customers devised the fraud. (FT)
  • UK AML regime ‘not fit for purpose’. (FT)
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Daily Compliance News

April 3, 2023 – The $495 Million 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:

  • UK to increase funding in ABC and AML fight. (WSJ)
  • PdVSA appeals, losing CITGO. (Reuters)
  • Gertler takes corruption case to Biden Administration. (NYT)
  • US recovers $53MM from corrupt Nigerian oil deal. (OCCRP)
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A Yank at Oxford

Reflections from Oxford at One Year

Tune in every quarter to learn how David Simon, a 53-year-old lawyer from the US, navigates the ancient world of Oxford University in pursuit of an MBA. David is a Partner at the law firm Foley and Lardner, who has dedicated his career to white-collar compliance with a heavy international focus. In A Yank in Oxford, David and host Tom Fox will discuss what inspired his decision to pursue an Executive MBA and his hopes for where the journey may lead.

In this Episode 5, David reflects on the one-year mark in his Oxford MBA Program.

  1. Reflections at the one-year mark.

It has been amazing in so many ways. I love my classmates, and the core value proposition is my interactions with them. I love Oxford and feel lucky to spend time soaking up the atmosphere. Riding the bus into town makes me feel smarter. And I’ve learned so much – about technical business and commercial issues like accounting, finance, and statistics- but also about the macro-level, big-picture issues that drive society and thus drive business.

  1. Favorite courses so far.

Governance and Ethics.

Global Rules of the Game.

Accounting was surprisingly good.

M&A – mini-MBA in itself.

  1. The Physical Environment

            *          Oldest coffee house in the UK is in Oxford. There’s a theory about the coffee house’s importance to the Enlightenment’s emergence. Lots of people with different ideas bouncing around but similar themes. Brilliance of being immersed in an environment of smart, curious, open people.

            *          Thinking about all kinds of issues in different ways and thinking deeply and reading deeply about big societal issues that massively affect business enterprise – my clients – and government and policy.

            *          Presentations and Papers on:

  • Supply chain and geopolitical risk.
  • US/China relations and decoupling.
  • ESG – theory, and practice.
  • Human Rights – Forced Labor/Child Labor in Supply chains and the ethics and practical compliance challenges.
  • The Beatles and the Get Back documentary and leadership lessons learned.
  • Techniques for promoting virtue and ethics in organizations.
  • CSR is a means to develop a sustainable competitive advantage for a business.
  1. What’s coming up?

Global Opportunities and Threats Oxford:  Apply systems thinking too big complex problems. We’re focusing on food security.

Vietnam – Emerging Markets course

  1. What has been some fun stuff?
  2. Rowing
  3. College dinners
  4. Wimbledon
  5. Queen’s funeral – being in the UK
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Daily Compliance News

October 11, 2022 the Rethink Edition

In today’s edition of Daily Compliance News:

  • Corruption and money laundering are destroying the planet. (FCPA Blog)
  • UK to ‘rethink’ replacing GDPR. (TechCrunch)
  • Meta appeals €405 million fine. (Cordery Compliance)
  • More whistleblowers at EY (FT)
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Daily Compliance News

September 19, 2022 the Queen Elizabeth Funeral Edition

In today’s edition of Daily Compliance News:

  • Queen Elizabeth’s funeral. (All Papers)
  • New British PM Chief of Staff witness in a bribery probe. (FT)
  • DOJ wants clawbacks. (DOJ Press Release)
  • Activity is not productivity. (WSJ)