All articles by Tom Fox – Page 16
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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.
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When corruption is endemic and structural
The recent scandals involving JBS, Odebrecht, and Petrobras seem to imply that once Brazilian politicians go on the take, they stay on the take. Time for Brazil to update its anti-corruption regulations.
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Under FCPA investigation? Reconsider travel to the U.S.
The arrest of VW’s former top emissions compliance manager, Oliver Schmidt, who was departing the United States after a Christmas holiday and was thrown in jail and denied bail, will make it less likely for foreign countries to send their citizens to face U.S. justice.
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How Rome and Athens inform today’s company
The differences in roles between a corporate legal department and a corporate compliance function are akin to the differences between Rome and Athens.
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The case for robust FCPA enforcement
Two recent corruption scandals emanating from Brazil highlight the direct impact corruption can have on U.S. citizens and serve as telltale examples of why a robust FCPA enforcement regime is in the interest of the United States.
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CW 2017 event reveals few have read Justice Dept. Evaluation Guidance
A small percentage of the audience at Compliance Week 2017 had read the Justice Department guidance on evaluations. What are they missing, and why the delay?
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A Futurist on compliance
At Compliance Week 2017, Futurist Dr. Brian David Johnson started the show with his talk about artificial intelligence, the future of the compliance profession, and the position of the chief compliance officer.
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Boards, compliance, and ongoing strategy
Board members must learn to take a more active role to not only prevent scandals—but when they do arise, ask tough questions of management and the compliance function about what is being done to remediate the situation.