The regional compliance officer adds a dimension not often seen or even discussed in the compliance profession, offering oversight of the compliance monitoring, reviewing, assessing, and recommending that is deemed necessary to the compliance function.
Tom Fox
Thomas Fox has practiced law for over 40 years. Tom writes the daily award-winning blog, the FCPA Compliance and Ethics blog and founded the Compliance Podcast Network. Tom leads the discussion on AI in compliance through his best-selling book Upping Your Game. He has 38 other books on the use of AI in compliance and business ethics, leadership including the seminal work, The Compliance Handbook, with its 7th edition coming out in 2025. He is the founder of the award-winning Compliance Podcast Network.
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Posted inAnti-Bribery
Doing business with Citgo? Get ready for a bumpy ride
The arrest of Citgo Petroleum Company’s acting president of the company and five members of the company’s board for offering bonds to finance the company’s continued operations means that if you’re doing business with Citgo, it’s definitely time to review your relationships, contracts, payment status, and all other facets of the commercial relationship.
Posted inFrom the Archive
For Uber: what else? Not: where else?
Another Uber reveal, this time the fact that the company make a $100K payment to hackers who broke and stole confidential data of some 57 million Uber customers and drivers, leaves many wondering what else the transportation company has kept in the dark.
Posted inAnti-Bribery
The compliance oversight committee
Installing a compliance oversight review committee is a crucial step that should be employed by companies as added protection against any type of compliance and ethics violations that could slip through the cracks and become much bigger problems down the road.
Posted inEthics & Culture
What does ‘Made in Japan’ stand for now?
Mitsubishi Materials knew for months one of its subsidiaries was shipping low-quality products, giving the phrase ‘Made in Japan’ a whole new meaning.
Posted inAnti-Bribery
Happy Birthday to the FCPA Guidance
The joint Department of Justice and Securities and Exchange Commission 2012 FCPA Guidance came out five years ago this month. All compliance practitioners should thank the government regulators and prosecutors who had a part in drafting this most remarkable of documents.
Posted inUncategorized
Staying home to avoid justice?
“Honey, I think we should stay at home for Christmas this year.” This is the line that may well have been said by Marco Polo Del Nero, the president of the Brazilian Soccer Federation to his wife, after having been indicted on money laundering charges, but not subject to extradition to the United States.
Posted inAnti-Bribery
Saudi corruption crackdown—uncharted waters in the desert
What does the corruption crackdown in Saudi Arabia mean for investors? Is it positive for the Kingdom of Saudi Arabia in terms of investment dollars? Should investors run toward the Kingdom now or should they shy their investment dollars away? These and many other questions are being debated now. Both sides have their advocates and at this point, it is not clear who has the better argument.
Posted inBoards & Shareholders
Compliance on the board
The Man From FCPA reveals what expertise is needed on the board of directors when your company is evaluated under the factors set out in Prong Three of the FCPA Pilot Program and the Evaluation of Corporate Compliance Programs.
Posted inBoards & Shareholders
Board of directors’ compliance committee
It is incumbent that boards seek out and obtain sufficient information to fulfill their legal obligations and keep their company off the front page of the New York Times, Wall Street Journal, or Financial Times, just to name a few, to prevent serious reputational damage. A board compliance committee is a good place to start.
