FCPA Compliance Report

APRIL 4, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      Wynn Casinos said to have hidden claims against Steve Wynn. (New York Times)·      Is your airline watching you? (New York Times)·       Hertz goes after former execs for restatement costs. (Compliance Week)·       Texas senate passes Bigot Law. (Houston Chronicle) Learn more about your ad choices. Visit megaphone.fm/adch...

Welcome to the only roundtable podcast in compliance. Today, in Episode 44 Tom Fox sits in for Mike Volkov, who is on assignment.   Jonathan Armstrong discusses a recent presentation he saw by the OECD on some of the key and current numbers on the global fight against bribery and corruption. Jonathan shouts out to Nicola Howard QC for her work on DPAs in the UK and the British Airways for its pizz...

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. In this episode, Matt Kelly (the coolest guy in compliance) and I take a deep dive into resignation of now former Wells Fargo CEO Tim Sloan. We use his departure as a starting point to discuss some of the issues which continue...

In today’s edition of Daily Compliance News: ·      Trial of ex-Malaysian PM Najib Razak to begin. (The Guardian)·      Shocked, just shocked to find out drug company pushed opioids. (NPR)·       Former Colombia official convicted of bribing government officials on behalf of Odebrecht. (Colombia Reports)·       UK’s Financial Reporting Council will examine KPMG. (Wall Street Journal)  Learn more a...

 In this episode I visit with Amy Edmondson about her upcoming keynote speech at IMPACT2019, entitled “The Fearless Organization: Creating Psychological Safety for Learning, Innovation, and Growth”. Some of the highlights from the podcast include: 1.    Beginning in the 1990s Edmondson began research how organizations are made better by creating safe spaces for employees to speak up.2.    Why list...

In today’s edition of Daily Compliance News: ·      Is it illegal to do business with corrupt governments? (New York Times)·      Does PG&E really want a judge running its business? (Hint-no). (Wall Street Journal)·       Mark Zuckerberg asks for more regulation. (Wall Street Journal)·       Anti-Corruption lawyer elected PM of Slovakia? (Financial Times) Learn more about your ad choices. Visit me...

On this episode of the Modern Medium Podcast, we are exploring barriers: might artists inadvertently create these barriers to their art? And how does this affect its experience? Barriers Barriers can be anything: a blind person who can’t see the art, or someone with a learning disability who might not understand the art in the way that it was intended. But they can still experience art in other wa...

In today’s edition of Daily Compliance News: ·      GOP congressmen threaten to kill NAFTA 2. (Washington Post)·      CBS Credit Union shut down as one employee embezzled $40MM.  (Deadline)·       Scott Moritz on why every college should now perform a root cause analysis. (Proviti)·       What does Occam’s Razor have to do with blockchain? (McKinsey White Paper) Learn more about your ad choices. V...

In this episode I visit with David Childers, the Senior Vice President at Ethics & Compliance Initiative (ECI). We discuss ECI’s High-Quality Ethics & Compliance Program (HQP) Self-Assessment Tool. Some of the highlights from the podcast include: What are the 5 Principals of a HQP? They include: Strategy, Risk Management, Culture, Speaking Up and Accountability.   What are the 5 operational areas...

In today’s edition of Daily Compliance News: Wirecare in deep trouble. (Financial Times)Nissan was in big trouble and still may be. (New York Times)New York state sues Sackler family directly. (Wall Street Journal)PG&E needs compliance on its Board. (Wall Street Journal) Learn more about your ad choices. Visit megaphone.fm/adchoices

As Opening Day near and the Astros are predicted to unseat Jay’s Red Sox to win the 2019 World Series, both lads are eternally hopeful for their hometown heroes. While debating this issue, they also take a look at some of this week’s top compliance and ethics stories which caught their collective eyes this week.  1.    Former Hong Kong official sentenced for FCPA violations. 2.    SEC awards two w...

MARCH 29, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      JPMorgan under fire for bribery in Nigeria.  (New York Times)https://www.nytimes.com/2019/03/28/business/jpmorgan-nigeria.html·      Black and Decker settle Iranian sanctions case.  (Wall Street Journal)·      Having failed to change its culture, Wells Fargo CEO quits, effective immediately. (NPR)·       Swedbank Preside...

MARCH 28, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      What is your cybersecurity rating?  (Wall Street Journal)·      Trump tweets on North Korea sanctions as coverup for incompetence?  (Washington Post)·      SFO sued for investigation. (FinancialTimes)·       Russian money laundering scandal spreads to Sweden. (Wall Street Journal) Learn more about your ad choices. Visit...

In this episode, I visit with Jonathan Armstrong consider the increasing business risk around phishing. There have recently been some multi-million-dollar losses around phishing so you need to be prepared. Some of the issues and highlights are: What is phishing? The largest number of data breach have come through phishing. Why has it become such a business risk? What are the requirements a company...

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MARCH 27, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      Former Autonomy CEO goes to trial in UK.  (The Register)·      Want credit in FCPA sentencing? Engage in random acts of kindness while in jail. (New York Times)·      SEC pays whistleblowers $50MM. (FCPA Blog)·       Stormy Daniels lawyer charged with attempted extortion. (Wall Street Journal) Learn more about your ad ch...

MARCH 26, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      Why is UK Attorney General sitting on Airbus corruption case? (The Guardian) ·      Ex-HK official sentenced to jail for FCPA, AML violations. (FCPA Blog)·      Duke pays over $110MM for filing false research grant applications? (New York Times)·       Charitable institutions to Sacklers: We don’t want your money. (New Y...

The board of directors, in concert with the CEO and others, set the tone and conduct for corporate behavior throughout the organization, and is the most important element for promoting honesty in a company. In this episode, we’re talking about tone and conduct from the top. Trends Corporate greed at the executive level has destroyed hundreds of companies. Many CEOs over the years have been sued ov...

On this episode of the Modern Medium Podcast, we’re exploring our senses: while it’s common for art to have visual and aural components, we don’t normally think about art in terms of smell, taste, or touch. But art is supposed to imitate life, and within life, we experience these all at once. How then can we make art a sensory experience?  It’s easy to be visual, as a lot of art already is. Visiti...

MARCH 25, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      Jeff Skilling wants you to invest your money with him. What could go wrong? (Wall Street Journal) ·      Most bitcoin trading is faked. (Wall Street Journal)·      What do sanctions mean anyway? (Wall Street Journal)·       Two charitable donations rejected, Sackler family trying to settle OxyContin lawsuits. (Wall Stree...

In this episode I visit with Sarah Hadden, the new Editor-in-Chief at Corporate Compliance Insights (CCI). We discuss her professional background in journalism and her journey to becoming EIC at Corporate Compliance Insights. Some of the highlights from the podcast include: 1.    Her professional background as a journalist and how it informs her thinking for CCI.2.    What drew her to CCI and the...

In this special five-part podcast series, sponsored by Affiliated Monitors, Inc., I visit with AMI Managing Director Jesse Caplan on emerging issues in healthcare compliance and monitoring. In Episode 1, Jesse Caplan discussed the many different types of potential regulatory and liability risks healthcare provider organizations and practices face in connection with the prescribing of opioids.  In...

In this special five-part podcast series, sponsored by Affiliated Monitors, Inc., I visit with AMI Managing Director Jesse Caplan on emerging issues in healthcare compliance and monitoring. In the previous episodes, we considered how healthcare organizations can benefit by having an independent compliance expert – a fresh set of eyes, so to speak – evaluate the organization’s compliance program. ...

In this special five part podcast series, sponsor by Affiliated Monitors, I visit with Jesse Caplan, Managing Director at AMI on emerging issues in healthcare compliance and monitoring. Healthcare provider organizations and practices face many different types of potential regulatory and liability risks – in this first episode we focus on the risks posed by opioid prescribing. We consider the some...

In this special five-part podcast series, sponsored by Affiliated Monitors, Inc., I visit with AMI Managing Director Jesse Caplan on emerging issues in healthcare compliance and monitoring. In this Episode, Jesse Caplan discusses how health regulatory agencies are using independent monitoring to serve important public policy goals – specifically to help ensure a ready supply of quality healthcare...