Daily Compliance News

JANUARY 18, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      Satish Udpa named new MSU Interim President as former Interim President John Engler resigns before he was fired. (New York Times)·      Goldman Sachs tries the rogue employee defense.  (New York Times)·      US pursuing criminal charges against Huawei for theft of trade secrets. (Wall Street Journal)·       China’s bel...

JANUARY 17, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      MSU Interim President in (more) deep water. (ESPN)·      SEC gets hacked.  (CNBC)·      I am not a crook, er spy. Huawei CEO denies wrong-doing. (New York Times)·       Yesterday we saw that compliance failures are deadly. Today we find out that unethical behavior is just as deadly. (New York Times) Learn more about yo...

JANUARY 16, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      Deutsche Bank launches yet another internal AML probe. (Financial Times)·      How to keep your head up in an office reorg.  (Wall Street Journal)·      Did former President of Mexico take a $100mm bribe? (New York Times)·       When compliance failures are deadly. (Houston Chronicle) Learn more about your ad choices....

JANUARY 15, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      PG&E faces collapse. (Wall Street Journal)·      PG&E CEO resigns.  (Wall Street Journal)·      PG&E announces it will file for bankruptcy in January. (New York Times) ·       Will PG&E be able to keep the lights on? (San Francisco Chronicle) Learn more about your ad choices. Visit megaphone.fm/adchoices

In today’s edition of Daily Compliance News: ·      Boeing probed by SEC. (Seattle Times)·      Ghosn faces more woes.  (New York Times)·      Sloan Kettering cuts back on industry ties. (New York Times) ·       Was corruption involved in selection of Tokyo for 2020 Olympic Games? (Washington Post) Learn more about your ad choices. Visit megaphone.fm/adchoices

JANUARY 11, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      When is the color of your money B-A-D? (Wall Street Journal)·      Think CEOs aren’t involving in kickbacks? Think again.  (Reuters)·      SEC Commissioner proud of whistleblower program. (MarketWatch)·       FCA to investigate culture at Royal Bank of Canada. (Financial Times) Learn more about your ad choices. Visit m...

JANUARY 10, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      No mooncakes for you this year. (BNA)·      Carlos Ghosn says Nissan Board approved his conflicts of interest, unethical actions and fraudulent accounting.  (New York Times)·      Magna Carta is looking pretty good about now. (Financial Times)·       Malaysian court denies bail to Roger Ng. (Nasdaq) Learn more about yo...

JANUARY 9, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      Peru AG who tried to scuttle Odebrecht corruption investigation forced to resign. (Reuters)·      Carlos Ghosn say SODDIT. (Wall Street Journal)·      Think politics is crazy, trying working at Nissan. (Financial Times) ·       A fixer is good for lots of things. (Bloomberg) Learn more about your ad choices. Visit megap...

JANUARY 8, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      You thought “The Wolf of Wall Street” was bad? Leonard DiCaprio testifies to Grand Jury on 1MDB corruption scandal. (The Telegraph)·      Top non-Fed financial regulator named as new head of NY DFS (Wall Street Journal)·      What are some of the new ways companies can get hacked in 2019? (Fast Company)·       Need a ra...

JANUARY 7, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      Carlos Ghosn scheduled to a court appearance in Tokyo on Tuesday. What could go wrong? (New York Times)·      PG&E to shake up its Board. Will it matter? (Wall Street Journal)·      Marriott reveals more bad news on its hacker matter. (Washington Post)·       House of Representatives set to ban members from sitting on c...

JANUARY 4, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      Peru AG reverses course on derailing Odebrecht investigation. (Reuters)·      Do you have a succession plan? (Wall Street Journal)·      US drops corruption on charge against former Barbados Minister. (Caribbean360)·       Former Colombian anti-corruption chief jailed for, you guessed engaging in corruption. (FCPA Blog)...

JANUARY 3, 2019 BY TOM FOX In today’s edition of Daily Compliance News:Peru AG kills Odebrecht investigation. (New York Times)How the Dallas Mavericks responded to their #MeToo moment. (Bloomberg)Another guilty plea in the NCAA corruption scandal. (Washington Post)In the age of deregulation, Adam Smith returns. (Forbes) Learn more about your ad choices. Visit megaphone.fm/adchoices

JANUARY 2, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      Is Facebook facing a reckoning? (Financial Times)·      Can nudges make your workplace better. (New York Times) ·      Sloan Kettering facing massive conflict of interest scandal. (New York Times)·       The FBI and Broadway. (New York Times) Learn more about your ad choices. Visit megaphone.fm/adchoices

JANUARY 1, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      Data abuses abound but will the FTC take action? (New York Times)·      Never good to be on the front page of the NYT accused advocating bribery. (New York Times) ·      Polycom’s culture failure and its FCPA enforcement action. (Radical Compliance)·      Ten great blogs posts from Grand Jury Target. (GrandJury Target)...

DECEMBER 31, 2018 BY TOM FOX In today’s edition of Daily Compliance News:Larry Ellison joins the Tesla board. What could go wrong? (Wall Street Journal)The rise and fall of Carlos Ghosn. (New York Times)Lesson from Siemen’s (10 years later). (The Conversation)Lessons from the Polycom FCPA enforcement action.(FCPA Compliance and Ethics Report) Learn more about your ad choices. Visit megaphone.fm/ad...

DECEMBER 28, 2018 BY TOM FOX In today’s edition of Daily Compliance News: ·      Polycom receives declination with disgorgement in FCPA enforcement action. (FCPA Blog)·      ISIS has $400MM to spend on terrorism. (Dipping Through Geometries) ·      Measuring corporate culture becomes more important in the UK. (Financial Times)·       Solo trek across the South Pole. (New York Times) Learn more abo...

DECEMBER 27, 2018 BY TOM FOX In today’s edition of Daily Compliance News: ·      India getting more foreign investment monies. Is your compliance program ready? (Wall Street Journal)·      How closely to you vet your sponsors? (Wall Street Journal)·      Former Nissan director released from jail in Japan. (New York Times)·       Should there be betting in tennis? (BBC) Learn more about your ad cho...

DECEMBER 26, 2018 BY TOM FOX In today’s edition of Daily Compliance News:How did the Gupta family capture the South African government? (New York Times)How did GE burn out? ( Wall Street Journal)Goldman Sachs responds, will it help? (Wall Street Journal)Would you want your head examined by Bob Diamond?(Financial Times) Learn more about your ad choices. Visit megaphone.fm/adchoices

DECEMBER 24, 2018 BY TOM FOX In today’s edition of Daily Compliance News: ·      Want teamwork, think of Shackleton? (Financial Times)·      The Big Story profiles Tim Leissner. (Financial Times)·      Did Facebook put growth ahead of governance? (Financial Times)·       Will 2019 be the ‘Year of the Handshake’? (Financial Times) Learn more about your ad choices. Visit megaphone.fm/adchoices

DECEMBER 21, 2018 BY TOM FOX In today’s edition of Daily Compliance News: ·      What is ‘sophisticated corruption’? (FCPA Blog)·      Rivals beating up SNC-Lavalin for the corruption. (Bloomberg)·      Arrests begin in Estonia over money-laundering. (The Local)·       What happens when a CCO attacks a whistleblower? (Radical Compliance) Learn more about your ad choices. Visit megaphone.fm/adchoic...

DECEMBER 20, 2018 BY TOM FOX In today’s edition of Daily Compliance News: ·      Barclays fined $15MM by NY-DFS for attempted whistleblower unmasking. (Wall Street Journal)·      CBS on hook for Moonves legal fees. (NewYork Times)·      What is a ‘wolf’ culture? (Hint-it is not over-active males). (NewYork Times)·       Two former Panasonic Avionics execs hit with FCPA enforcement actions by the S...

DECEMBER 19, 2018 BY TOM FOX In today’s edition of Daily Compliance News: ·      CBS will not pay Les Moonves $120MM in severance. (BBC)·      UBS draws $15MM fine for AML violations. (Wall Street Journal)·      When will CITGO, go? (Wall Street Journal)·       Trump Foundation agrees to dissolve. (Wall Street Journal) Learn more about your ad choices. Visit megaphone.fm/adchoices

DECEMBER 18, 2018 BY TOM FOX In today’s edition of Daily Compliance News: ·      Goldman Sachs criminally indicted in Malaysia. (Wall Street Journal)·      Facebook has another breach, this time on photos. (Washington Post)·      What is a naked release of ADRs? Apparently its not sexy but SEC levies big fine to BNY for doing so. (MarketWatch)·       Odebrecht fined $250 for corruption in Colombia...

DECEMBER 17, 2018 BY TOM FOX In today’s edition of Daily Compliance News: ·      Why was the CFO of Huawei charged with criminal conduct? She lied to HSBC. (New York Times)·      Why with Michael Flynn prosecuted by the Feds. He lied to the FBI. (National Review)·      Why has the Senate asked for the FBI to investigate the former head of USOC? He (allegedly) lied to Congress. (New York Times)·   ...

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