All articles by Tom Fox – Page 16
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Blog
First step to end the Car Wash investigation?
The will to continue the fight against institutional corruption in Brazil may be waning. From the perspective of The Man From FCPA, it appears that it is the beginning of the end for the seismic change that has come over the country starting with Operation Car Wash.
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FCPA Pilot Program leads to two 2017 declinations
The FCPA Pilot Program declinations we have seen so far in 2017 both make substantial additions to the precedent for how to avoid prosecution under the FCPA.
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Don’t speak at anti-corruption event, then demand a bribe payment
Well, that’s awkward. A look at the ironic case of Colombia’s top anti-corruption prosecutor, who was arrested in Miami for attempted corruption through extortion of a criminal defendant.
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Of Barclays and DPAs
Is Barclays too big too jail? Tom Fox explores the banking giant’s involvement in the bailout scandal during the 2008 financial crisis.
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Shell companies in the U.S.—beginning of the end?
The Man From FCPA explores the issues surrounding shell companies and, in particular, money laundering enforcement.
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SFO brings charges against bankers
The Man From FCPA takes an in-depth look at the Serious Fraud Office case against four former Barclays executives for illegal money lending.
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FCPA enforcement-giving confidence to financial markets
Judge Stanley Sporkin’s foresight in enacting the Foreign Corrupt Practices Act in the correct manner is a big reason behind why there is a large amount of confidence in U.S. companies.
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Will Odebrecht survive?
A look at how Odebrecht is trying to salvage itself from the ruins of its corrupt run as one of the leading construction companies in the Americas.
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FCPA protects the safety and health of Americans
Some continue to believe that bribery and corruption that occurs outside the United States does not concern the United States, its laws, or is even worth the time of U.S. law enforcement agencies. This myopic view belies both the inter-connectedness of the world’s economy and the facts on the ground.
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Making data protection and privacy a business process
In May 2018, the European Union’s General Data Protection Regulation (GDPR) will come into force, which means that U.S. companies that do work internationally need to be very aware of this date and plan accordingly.
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The power of social media
Last week saw the resignation of Uber CEO Travis Kalanick, and it all began with a blog post.
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Compliance in the 21st Century: Welcome to ComTech
Automation and artificial intelligence stand to increase efficiency in compliance by a quantum leap. But human compliance officers still have a role to play … if they prepare for it now.
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A new chapter in anti-corruption enforcement?
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 ...
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Your business is being sold; what is your compliance response?
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.
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Sailing, cycling, and compliance
A lesson from the America’s Cup Emirates Team New Zealand reveals that exploring past methods can improve your future compliance policies and ensure against possible Foreign Corrupt Practices Act violations.
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British Airways learns a lesson on controls
The recent power failure at British Airways that stranded more than 75,000 holiday passengers is a reminder to companies of the importance of internal controls.
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Compliance and risk management as a competitive advantage
The Man From FCPA explores Amazon’s recent foray into banking that effectively demonstrates how the risk management aspect of compliance can be used as a competitive advantage.
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Tip of the (compliance) hat to Hui Chen
A look at Hui Chen’s career at the Department of Justice, serving as the compliance counsel and, most importantly, putting the compliance function front and center in the fight against FCPA violations.
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The Haider FinCEN enforcement action and CCO liability
Does the recent FinCEN enforcement action against Thomas Haider, Moneygram’s CCO, portend a shift in Justice Department enforcement strategies?
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Should compliance training be humanities- or business-based?
The Man From FCPA explores the question of whether a compliance professional benefits more from a humanities-based education or a business school-based education.