The Man from FCPA has seen a lot of strong statements from top management, but when a chief executive likens non-compliance to cancer, you know it is serious. But last week, Bill Winters, the chief executive of the UK bank Standard Chartered, did just that when he announced that he had taken steps, and would continue to do so, to stamp out the “cancer of complacency and lax controls” at the financial institution. As reported by the Financial Times, “Winters delivered an ‘angry’ address to its 1,500 top managers and sent several staff memos condemning transgressions that include inappropriate financial dealings with colleagues and excessive expenses.”
