FCPA Compliance Report

Pat Harned, Chief Executive Officer (CEO) of Ethics and Compliance Initiative (ECI) and myself are discussing 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 includeThe State of Ethics & Compliance in the Workplace, released in Q1 2018; Measuring the Impact of Ethics & Compliance Programs, released in Q2; Bui...

In this special bonus episode I visit with Mike Volkov on the Cognizant Technology Solutions Corp FCPA enforcement action, declination and C-Suite criminal indictments which were all announced on Friday of this past week. Highlights from the podcast include: What were the underlying facts of the case? How did the company obtain a Declination with Disgorgement in the face of C-Suite involvement? Wh...

FEBRUARY 15, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      Disgraced former Goldman Sachs MD Roger Ng to waive extradition and come to US to stand trial? (New York Times)·      Petrofac faces massive shareholder suit over allegations of bribery. (OCCRP)·      IMF says world corruption costs $2 trillion in the international economy. (Al Arabiya)·      Do bad apples cause corru...

A special guest joins the lads this week. Tom and Jay were panelists this week’s at Assent’s Supply Chain Conference as was our guest Pamela Fierst-Walsh who joins in for this special live edition of This Week in FCPA. The trio  share their observations around one of the areas of renewed compliance focus and are back to at some of this week’s top compliance and ethics stories which caught their co...

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 2007 Best Picture...

FEBRUARY 14, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      Did KPMG game the audit oversight system? (Bloomberg)·      Is your dog microchipped? How about you? (Compliance and Enforcement Journal)·      How the NFL took down Bob Costas. (Sports Illustrated)·      South Africa set to replace PIC. (Financial Times) Learn more about your ad choices. Visit megaphone.fm/adchoices

FEBRUARY 13, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      Ole Miss Vacates 33 Wins After NCAA Violations. (Sports Illustrated)·      Hawaii businessman pleads guilty to FCPA offense. (FCPA Blog)·      How far will Batman fall? (Bloomberg)·      To Russia with Love. (Reuters) Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn more about your ad choices. Visit megaphone.fm/adchoices

FEBRUARY 12, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      Ex-Malaysia PM trial delayed. (The Straits Times)·      Big Four accountants push back against breakup proposals. (City A.M.)·      Will stock buy-backs be outlawed? (MarketWatch)·      Bon & Viv=big headache for AB. (Radical Compliance) Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode I visit with three lawyers from Miller & Chevalier: Maryna Kavaleuskaya, Michael Skopets, and Ann Sultan on the firm’s Inaugural Europe-Caucasus-Asia Corruption Survey. The report provides some unique insights into regional corruption risks and mitigation strategies.  Highlights from the podcast include: 1.    Background on the survey.2.    In measuring corruption levels in the ECA...

Over this five-part podcast series, I have visited with Vin DiCianni, CEO and founder of Affiliated Monitors, Inc. (AMI) as a retrospective of the company’s first 15 years of existence. AMI sponsored this podcast series. This podcast series is much more than simply the history of AMI as it details the rise of independent monitors in the US at multiple levels: the federal government, state agencies...

Over five podcasts, I visit with Vin DiCianni, CEO and founder of Affiliated Monitors, Inc. (AMI) as a retrospective of the company’s first 15 years. AMI sponsored this podcast series. This podcast series is much more than simply the history of AMI as it details the rise of independent monitors in the US at multiple levels: the federal government, state agencies and local authorities as well as in...

Over five podcasts, I will visit with Vin DiCianni, CEO and founder of Affiliated Monitors, Inc. (AMI) as a retrospective of the company’s first 15 years. AMI sponsored this podcast series. This podcast series is much more than simply the history of AMI as it details the rise of independent monitors in the US at multiple levels: the federal government, state agencies and local authorities as well...

Over five podcasts, I visit with Vin DiCianni, CEO and founder of Affiliated Monitors, Inc. (AMI) as a retrospective of the company’s first 15 years. AMI sponsored this podcast series. This podcast series is much more than simply the history of AMI as it details the rise of independent monitors in the US at multiple levels: the federal government, state agencies and local authorities as well as in...

Over the next five podcasts, I will visit with Vin DiCianni, CEO and founder of Affiliated Monitors, Inc. (AMI) as a retrospective of the company’s first 15 years. AMI sponsored this podcast series. This podcast series is much more than simply the history of AMI as it details the rise of independent monitors in the US at multiple levels: the federal government, state agencies and local authorities...

FEBRUARY 11, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      Why it’s important that PdVSA money go into a trust? (Wall Street Journal)·      The Scorpions reappear in South Africa-this time to fight corruption. (The South African)·      Corruption costs Europe €120 per year. (BBC)·      Turkish Subsidiary Hid Iranian Activity from U.S. Parent. (Wall Street Journal) Learn more...

The Patriots won the Super Bowl (yet again). Even more significantly This Week in FCPA is now on Spotify. To celebrate, Tom and Jay are back to at some of this week’s top compliance and ethics stories which caught their collective eyes.  1.    Goldman Sachs considers clawbacks from former execs involved in the 1MDB scandal. 2.    What were last year’s trends in NPAs and DPAs.3.    Stupid CEO remar...

FEBRUARY 8, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      Former Petrofac Unit Executive Pleads Guilty to Bribery. (Wall Street Journal)·      More trouble for Danske bank. (Wall Street Journal)·      When is too much risk, too much? (Wall Street Journal)·      Do you know your CEOs password? (Wall Street Journal) Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, I visit with Jonathan Armstrong on the recent UK court of appeals decision in the Morrisons’ case. This decision stretched the limits of vicarious liability for a corporation to the absolute breaking point and has significant implications in the broader data privacy-data protection space. Jonathan and I go full lawyer-geek to discuss the legal theories, underlying facts and what i...

FEBRUARY 7, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      Stupid CEO remarks=new activist investor on Board. The Papa John saga continues. (Wall Street Journal)·      Reporting money costs more money. (Wall Street Journal)·      First Circuit issues significant ruling protecting whistleblowers in FCA case. (LinkedIn)·      What is a conflict of interest? (MarketWatch) Learn m...

FEBRUARY 6, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      Send in the clowns. The NCAA investigates Sean Miller and Arizona (Sports Illustrated)·      Will Australian report on bank malfeasance lead to criminal charges? (Financial Times)·      Playing the blame game. Big Pharma tries to shift blame for its price raises. (Wall Street Journal)·      Another tennis match-fixing...

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 (at least as of now) current Governor of Virginia, Ralph Northam and the pictures involving Northam in blackfac...

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 (at least as of now) current Governor of Virginia, Ralph Northam and the pictures involving Northam in blackfac...

FEBRUARY 5, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      Now monitorships based upon political loyalty. (National Review)·      Bangladesh sues of bank heist. (Wall Street Journal) ·      Former SNC-Lavalin chief pleads guilty in bribery case. (FCPA Blog)·      Bring out your dead. (New York Times) Learn more about your ad choices. Visit megaphone.fm/adchoices

FEBRUARY 4, 2019 BY TOM FOX In today’s edition of Daily Compliance News: ·      Goldman Sachs institutes a clawback provision for exec involved with 1 MDB (New York Times)·      What is bad press? McKinsey and the opioid crisis. (New York Times) ·      Biggest surprise when going to the CEO chair? Multiple stakeholders (he should have talked to the CCO) (Wall Street Journal)·       Rev rec is stil...