Tom Fox explores the recent appointment of former EU commissioner Jose Manuel Barroso to non-executive chairman of Goldman Sachs’ London-based investment bank. Is the move a violation of conflict of interest rules?
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
Stopping little lies before they become FCPA violations
What makes a fraudster? And how can a fraudster’s actions lead to larger complications for your corporation’s Foreign Corrupt Practices Act policies? Tom Fox sets out to answer these questions.
Posted inFrom the Archive
Tales of crocodile tails under the FCPA
While the FCPA makes clear it prohibits providing anything of value to a foreign governmental official, who’s to say what has value? For U.S. officials, it could be jewelery, cash, or sports tickets. But for Chinese executives, it could be something more exotic, say … crocodile meat? Tom Fox has more on what value means under the regulation.
Posted inAnti-Bribery
Corruption becomes a political issue in Mexico
Tom Fox looks at Mexico’s struggle to turn itself around, beginning with a political discussion and the introduction of FCPA-like anti-corruption regulation. Is it a turning point or a false start?
Posted inFrom the Archive
Is a cup of coffee a reportable FCPA violation?
What’s next on the list of FCPA violations, a cup of coffee bought for a custom official while you await inspection? Tom Fox ponders that question after reading about Lennox International’s $475 facilitation payment Justice Department disclosure.
Posted inFrom the Archive
Just who are your friends?
Corruption in Hollywood? Tom Fox explores the controversy surrounding financing of the film, The Wolf of Wall Street, which the Justice Department claims was funded by the looted Malaysian sovereign wealth fund 1MDB.
Posted inRegulatory Enforcement
Tell us everything you know
Getting credit for cooperating with the Department of Justice is getting a whole lot tougher. Tom Fox explores.
Posted inRegulatory Enforcement
Galaxy Note 7 and an independent set of eyes
Tom Fox looks at the case of Samsung—which bucked the regular procedures used by other telecoms and self-tested its Note 7 batteries—to see how independent oversight would have made the difference in the outcome.
Posted inFrom the Archive
The Nu Skin FCPA enforcement action reminds all of the cost of non-compliance
Tom Fox looks at the recent enforcement action against Nu Skin: a one-time bribe equals a one-transaction enforcement action.
Posted inAnti-Bribery
At PDVSA, the costs of corruption extend to bond swaps
Tom Fox explores anti-corruption lessons gleaned from Venezuelan national energy company Petróleos de Venezuela’s failed debt swap offer.
