FCPA Compliance Report

MARCH 1, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      What should the SEC do about Elon Musk? (Financial Times)·      Israeli PM to be arrest on corruption charges. (New York Times)·      Tech companies went to Ireland to avoid taxes, now paying the (data privacy) piper. (Financial Times)·       Doping arrests of skiers in Europe. (New York Times) Learn more about your ad ch...

We are back with our fan favorite Oscar movie month. During the month of February each year, we look at Oscar-winning Best Pictures and consider the leadership lessons we glean from our viewing. This month we look at three: No Country for Old Men, The Sting and The Last Emperor. In this episode of 12 O’Clock High, a podcast on business leadership, Richard Lummis and I take at the 1987 Best Picture...

FEBRUARY 28, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      Bio-Rad GC retains most of his whistleblower award. (San Francisco Chronicle) ·      Judge orders Musk to explain tweets. (San Francisco Chronicle)·      Why did Odebrecht use Dutch shell firms to pay bribes? (Reuters)·      What do you do when you find $6MM in stolen assets? (Wall Street Journal) Learn more about you...

FEBRUARY 27, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      CITGO sued for retaliation in Houston. (Houston Chronicle)·      SEC says Elon Musk in contempt. (Wall Street Journal)·      Wilbur Ross says he didn’t mean to lie on his financial disclosure forms. (Washington Post)·      BSRG back in good graces in Guinea. (The Telegraph) Learn more about your ad choices. Visit mega...

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 recent imbroglio involving surrounding New England Patriots owner Robert Kraft who has been charged with solicitation of prostitution, wha...

In this 4th and final episode of my special four-part podcast series Live from London, Jonathan Armstrong interviews me on how regime change has modified the risk calculus for the compliance practitioner. I highlight some of the emerging developments in this area and what they portend for the compliance practitioner and compliance programs. Some of the highlights include:How has democratically ele...

In this Episode 3 of my special Live from London series, Jonathan Armstrong interviews me on the recent on the Cognizant Technology Solutions Corp FCPA enforcement action, declination and C-Suite criminal indictments which were all recently announced. I highlight the significance of the declination for for the compliance professional. Some of the highlights include:The underlying facts of the case...

In this Episode 2 of my special Live from London series, Jonathan Armstrong interviews me on the state of compliance in 2019. I highlight some of the emerging developments and what they may mean for the compliance practitioner and compliance programs. Some of the highlights include:How technology and AI will play an increasing role in compliance. How and why compliance is now seen as a business pr...

In this Episode 1 of my special Live from London series, Jonathan Armstrong interviews me on the recent several FCPA enforcement actions where customer were a part of the bribery scheme. I highlight the significance of this emerging development and what it may portend for the compliance practitioner and compliance programs. Some of the highlights include:How do you perform anti-corruption due dili...

FEBRUARY 25, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      Does power corrupt or just expose your character? (Washington Post)·      Risk management has been around since Babylonians. (Wall Street Journal)·      Do you count paper clips? Kraft food does and look where it got them. (Wall Street Journal)·      Will Airbnb ever regulate itself? (New York Times) Learn more about...

In this episode I visit with Miller & Chevalier lawyers James Tillen and Marc Bohn on the firm’s FCPA Winter Review 2019. Miller releases a FCPA review quarterly each year and it is one of the top reports on what is going on in both FCPA enforcement and wider international anti-corruption enforcement and developments. Highlights from the podcast include: What do the overall numbers of newly opened...

Tom in is London this week, thinking about Gary P. Nunn, the Lost Gonzo Band and London Homesick Blues(special bonus points if you have heard Nunn or his group live). He takes a look  at some of this week’s top compliance and ethics stories which caught his eye, across the pond. 1.    Swedish court lets Telia execs walk free. 2.    How bad are things at Tesla? New GC backs out after 2 months. 3. ...

FEBRUARY 22, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      The table comes to Zuckerberg. (BBC)·      When is your value chain in jeopardy? (The Telegraph)·      When is your supply chain in jeopardy? (UK Times)·      Will Brexit damage your compliance program? (UK Times) Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to the only roundtable podcast in compliance. In this week’s episode, the gang looks at some the issues that are on their collective minds. Shout outs and one rant follow after the commentators say their peace.   1. Mike Volkov talks about trade sanctions and how the current US-Venezuela imbroglio may play out for US companies.  Mike shouts out to Dick Cassin who retired on February 1 as t...

We are back with our fan favorite Oscar movie month. During the month of February each year, we look at Oscar-winning Best Pictures and consider the leadership lessons we glean from our viewing. This month we look at three: No Country for Old Men, The Sting and The Last Emperor. In this episode of 12 O’Clock High, a podcast on business leadership, Richard Lummis and I take at the 1973 Best Picture...

FEBRUARY 21, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      HSBC is still compliance challenged? (Financial Times)·      Manolete takes a bow. (Financial Times)·      What does it mean for compliance when competitors go tete-a-tete? (Financial Times)·      What happens if Wal-Mart goes online only? (Financial Times) Learn more about your ad choices. Visit megaphone.fm/adchoice...

I recently had the chance to visit with Rakhi Kumar, Senior Managing Director, Head of ESG Investments and Asset Stewardship, at State Street Global Advisors. We discussed the firm’s recent initiative around corporate culture and Board of Director engagement on this issue. State Street Global Advisors recently released a Letter from its President and Chief Executive Officer, Cyrus Taraporevala, in...

FEBRUARY 20, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      What does the fraying of Atlanticism mean for compliance? (Financial Times)·      Telia execs walks free on Uzbekistan bribery. (Stockholm News)·      Are Brexit fears based on reality? Ask the workers at Honda’s Swindon plant. (TheTelegraph)·      Estonia orders Danske Bank to close local branch. (BBC) Learn more abo...

FEBRUARY 19, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      How green are you and your supply chain? (Financial Times)·      How will a no deal Brexit negatively impact crime fighting. (Financial Times)·      Who will rebuild Syria and what will the response of corporate compliance programs? (Financial Times)·      Do you trust your auditors? (Financial Times) Learn more about...

FEBRUARY 18, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      How much reputational damage with PwC take? (The London Times)·      PwC audit leads to potential criminal charges. (The London Times)·      What standards will change after Brexit? (The London Times)·      Did Domino’s Pizza throw a temper tantrum over its franchisees? (The London Times) Learn more about your ad choi...

In this podcast series I visit with Pat Harned, the Chief Executive Officer (CEO) of Ethics and Compliance Initiative (ECI) about the firm’s 2018 Global Business and Ethics Survey (GBES). In this series we consider each of the four GBES reports released by ECI. These include The State of Ethics & Compliance in the Workplace, released in Q1 2018; Measuring the Impact of Ethics & Compliance Programs...

In this episode I visit Joel Androphy, a co-founder of the law firm of Berg and Androphy in Houston. Androphy is a well-known white-collar defense lawyer and plaintiff’s counsel in Federal Claims Act and qui tam cases. Highlights from the podcast include: 1.    FCA cases are designed to help prevent fraud, waste and abuse in government contracting. 2.    FCA cases can include illegal work conditio...

In this podcast series I have visited with Pat Harned, Chief Executive Officer (CEO) of Ethics and Compliance Initiative (ECI), about the firm’s 2018 Global Business and Ethics Survey (GBES). In this series we have considered each of the four GBES reports released by ECI . These included The State of Ethics & Compliance in the Workplace, released in Q1 2018; Measuring the Impact of Ethics & Compli...

I continue the discussion with Pat Harned, Chief Executive Officer (CEO) of Ethics and Compliance Initiative (ECI), about the firm’s 2018 Global Business and Ethics Survey (GBES). In this series we are considering each of the four GBES reports released by ECI. These include The State of Ethics & Compliance in the Workplace, released in Q1 2018; Measuring the Impact of Ethics & Compliance Programs,...

In this podcast series I visit with Patricia Harned, Ph. D., the Chief Executive Officer (CEO) of Ethics and Compliance Initiative (ECI), about the firm’s 2018 Global Business and Ethics Survey (GBES). In this series we consider each of the four GBES reports released by ECI. These include The State of Ethics & Compliance in the Workplace, released in Q1 2018; Measuring the Impact of Ethics & Compl...