Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.
The Man From FCPA

The Man From FCPA is a blog about enforcement of the Foreign Corrupt Practices Act and other anti-bribery statutes around the world, written primarily by Compliance Week columnist Tom Fox plus other occasional contributors. Fox is now an independent consultant assisting companies with FCPA and compliance issues, after many years as in-house counsel and outside counsel on anti-bribery and corruption issues. Fox also hosts a weekly podcast, “The FCPA Compliance and Ethics Report,” and writes an in-depth monthly column for Compliance Week as well.
19 results found, filtered by:
-
The Man From FCPA Blog
1MDB-a truly international fight against corruption
Tom Fox | November 2, 2016
Tom Fox looks at the alleged looting of Malaysian sovereign wealth fund 1MDB and the implications it has for fighting global corruption.
-
The Man From FCPA Blog
A new chapter in anti-corruption enforcement?
Tom Fox | June 19, 2017
Jorge Luis Arzuaga, a former managing director at the Swiss bank Julius Baer, pled guilty to having arranged the transfers of more than $25 million in bribes for corrupt FIFA officials. This is the first guilty plea in the plethora of service provides who facilitated the massive corruption scandal engaged in by FIFA officials.
-
The Man From FCPA Blog
Acquisitions, data privacy, and national security concerns
Tom Fox | April 6, 2017
The attempted takeover of the U.S. company MoneyGram International Inc. by China-based Ant Financial Services raises regulatory concerns and questions.
-
The Man From FCPA Blog
Banks and bankers on front line of AML fight
Tom Fox | January 11, 2017
The first foreigner, Jens Sturzenegger, a former branch manager at Falcon Private Bank in Singapore, was recently convicted in the 1MDB scandal. Tom Fox reports.
-
The Man From FCPA Blog
Corporations and the financing of terrorism
Tom Fox | April 24, 2017
The recent case of LafargeHolcim’s involvement in keeping a cement facility in Syria safe and operational during civil war has raised questions regarding a company’s responsibilities for ensuring monies it pays out do not go to fund terrorism.
-
The Man From FCPA Blog
Deutsche Bank and the continuing costs of money laundering risks
Tom Fox | May 3, 2016
Deutsche Bank demonstrates that the costs of continuing to fail to meet regulatory requirements regarding anti-money laundering can be astronomical. Tom Fox looks at the Financial Conduct Authority’s Deutsche Bank investigation and what it means for the financial firm’s future.
-
The Man From FCPA Blog
FCPA, CEOs, and risk assessments
Tom Fox | August 15, 2017
Ian Narev, chief executive officer of the Commonwealth Bank of Australia, may soon join the ranks of those CEOs who depart once a corruption scandal goes public.
-
The Man From FCPA Blog
Holy Orders: Vatican Picks Up Pace in AML Fight
Tom Fox | August 25, 2015
In recent years money laundering has engulfed numerous international institutions, such as the Vatican, which has been roundly criticized by Italian prosecutors for both its failure to carry out appropriate due diligence over its customers and its inability to track suspicious transactions. Those criticisms have led to some dramatic changes, including the appointment of René Bruelhart to help the Church’s bank implement modern-day AML practices. See inside for what Bruelhart has planned.
-
The Man From FCPA Blog
OFAC red cards Mexican footballer Marquez
Tom Fox | August 13, 2017
A prominent Mexican football star finds himself on OFAC's black list for allegedly fronting for a known drug kingpin. Just when you thought soccer couldn't get any more dramatic.
-
The Man From FCPA Blog
Self-certified due diligence is fraught with danger
Tom Fox | December 6, 2016
Tom Fox looks at further reverberations from the Malaysian sovereign wealth fund 1MDB scandal concerning one giant red flag: a reference provided by a third party to vouch for that third party.
-
The Man From FCPA Blog
Singapore’s increased AML scrutiny might affect everyone
Tom Fox | September 29, 2016
As Singapore considers cracking down on money laundering, the impact of such a move may ripple far beyond that nation’s own banking system. Tom Fox has more.
-
The Man From FCPA Blog
Sometimes, a fine isn’t enough
Tom Fox | April 30, 2018
U.S. regulators want companies to take firm disciplinary action against employees who are involved directly—or even indirectly—in the conduct at the heart of violations.
-
The Man From FCPA Blog
The (anti) corruption London bus tour
Tom Fox | November 8, 2017
A London bus tour that features the proceeds of corruption, exploring properties alleged to have been purchased with monies purloined from the country of Nigeria by the country’s former oil minister, the disgraced and now arrested, Diezani Alison-Madueke.
-
The Man From FCPA Blog
The fight against worldwide corruption
Tom Fox | April 24, 2018
When banks and regulators work together to halt the transfer, hiding, and parking of corrupt funds, the war on corruption takes one more giant step forward.
-
The Man From FCPA Blog
The Swiss Tackle International Corruption
Tom Fox | February 1, 2016
Last week the Swiss government announced that it had found improprieties in the conduct of the Malaysian government’s sovereign wealth fund, 1Malyasia Development Berhad. The problem for the government of Malaysia is that the sovereign wealth fund is headed by the country’s Prime Minister, who had over $700 million deposited in a personal account. If corrupt governments cannot escape scrutiny in this former haven of banking secrecy, it will be a huge step forward. But could it also mean a lateral move for corrupt governments to another known tax haven?
-
The Man From FCPA Blog
Treasury Moves to Shine a Light on Real Estate Transactions
Tom Fox | February 1, 2016
Recently, the U.S. Treasury Department said it would begin demanding to know the names of folks behind the shell companies, which ultra-wealthy foreigners use to hide behind multimillion-dollar real estate purchases. Efforts by the U.S. Treasury Department to police more closely large cash purchases of real estate as a method for money laundering are an important step toward combatting terrorism. But more work remains to be done.
-
The Man From FCPA Blog
Weekends are for ... fraud?
Tom Fox | March 21, 2016
The recent $101M heist from the Central Bank of Bangladesh would have been impossible had it not occurred over a weekend, and had weekends themselves not been observed on different days of the week in Bangladesh than they are in the United States. One thing’s for sure: Whenever the weekend happened, everybody was unhappy by Monday.
-
The Man From FCPA Blog
What has Latvia wrought?
Tom Fox | February 26, 2018
U.S. banking regulators have long understood the connection between bribery, corruption, money laundering. and security. It will be interesting to see if the ECB and European countries are willing to become as aggressive as their U.S. counter-parts in fighting the global scourge of money laundering.
-
The Man From FCPA Blog
Your business is being sold; what is your compliance response?
Tom Fox | June 19, 2017
Tom Fox takes a closer look at the continuing saga of the 1 MDB scandal involving the Malaysian sovereign wealth fund and the need to have robust corporate compliance around all parties.
Displaying 19 results