DECEMBER 10, 2018 BY TOM FOX

In today’s edition of Daily Compliance News:

·      China threatens Canada over Huawei arrest. (Wall Street Journal)·      Huawei accused of fraud in indictment. (New York Times)·       Peruvian vote on anti-corruption law. (Washington Post)·       NCAA will slow walk corruption investigation. (ESPN)

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The FCPA Compliance Report is the longest running podcast in compliance. In this episode, I visit with Doreen Edelman, partner at Lowenstein Sandler. She is a noted trade law and trade policy expert. Our discuss is around the Committee on Foreign Investment in the United States or CFIUS. As foreign direct investment in the U.S. has increased, many members in Congress have become concerned about foreign acquisitions of U.S. manufacturers that are perceived to be essential to U.S. national and economic security. This is the first of a two-part series. In this podcast we discuss: What is the Committee on Foreign Investment in the United States or CFIUS?What changed in November with the introduction of the Pilot Program?What are mandatory and voluntary filings?How long does the CIFUS process take?Are they any appeals from a negative decision?How should CIFUS counsel work with transaction counsel? For more information on the CFIUS Pilot Program, check out the LowensteinSandler client alert here. For additional information on CFIUS, see Doreen’s article in Industry Week, entitled, “Foreign Investors Should Not Let Fear of CFIUS Limit Investment in US Manufacturers”. For more information on Doreen Edelman, see her professional profile here.

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During this series, I will be visiting with Candice Tal, founder and Chief Executive Officer (CEO) of Infortal Worldwide, the sponsor of this podcast series. We will be considering various aspects of international due diligence investigations. In many ways this can be viewed as finding a needle in the corporate haystack of information and data. Tal will help us through that maelstrom to find useful and actionable information for your compliance program. In Part II, we consider some recent Foreign Corrupt Practices Act (FCPA) enforcement actions wherein insufficient due diligence was a key takeaway. 

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Over the next five episodes, I will be visiting with Candice Tal, founder and Chief Executive Officer (CEO) of Infortal Worldwide, who is the sponsor of this podcast series. We will be considering various aspects of international due diligence investigations. In many ways this can be viewed as finding a needle in the corporate haystack of information and data. Tal will help us through that maelstrom to find useful and actionable information for your compliance program. In Part I, we consider why basic Level I due diligence is not enough and how levels of due diligence are accomplished.

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Over this series, I have been visiting with Candice Tal, founder and Chief Executive Officer (CEO) of Infortal Worldwide, who sponsored this podcast. We have considered aspects of international due diligence investigations. In many ways this can be viewed as finding a needle in the corporate haystack of information and data. Tal helps us through that maelstrom to find useful and actionable information for your compliance program. In this concluding Part V, we consider how the changing nature of international anti-corruption compliance programs, through data privacy laws such as General Data Protection Regulation (GDPR), and technical innovations, such as Artificial Intelligence (AI), are prompting innovation in investigative due diligence.

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In this new podcast series, recovering screenwriter (and Mr. Monitor) Jay Rosen and I will indulge in passion for the movies by looking at them through the lens of compliance. Jay is a contemporary movie fan and I am more of a classic movie maven so we present a well-rounded view of the movie fandom. To jump start the series, Jay and I revisited the intersection of Star Wars and compliance in five episodes this week. Today for our first full episode, we look at the recently released music bio-pic Bohemian Rhapsody. So if you want to indulge in your love for the movies with two guys who are passionate about Hollywood and get some ideas for your compliance program, this is the podcast series for you. Some of the highlights include:  Ø  How the movie came together after years in development and how it could have been a much different picture. Ø The stars were spot on in their portrayals of the band members (living and dead).Ø How do you wrap a story of redemption around a character you know will die of a terminal illness?Ø Tom indulges in his love of tracking shots. Ø  Jay explains how the story structure worked in this movie.  The Compliance takeaways: 1.     A compliance program must continually innovate. 2.    You must bake continuous improvement into your compliance program.3.    Every compliance professional should be ready for the opportunity; whether it be to move up in your profession or sell a new compliance initiative. 4.    The creative process in music can inform your innovation in compliance—engage your audience. 5.    Use the design thinking model, listen to what your audience wants from compliance. 6.     Learn from your mistakes and move forward incorporating the lessons learned into the next iteration. 

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DECEMBER 7, 2018 BY TOM FOX

In today’s edition of Daily Compliance News:

·      US has Canada arrest Huawei CFO. Markets roiled. (New York Times)·      Some 5 years after scandal broke, Wells Fargo fires area chiefs. (Wall Street Journal)·       UK executive extradited to India over bribery allegations. (Huffington Post)·       Why good compliance is good for business (as learned by United Airlines) (Wall Street Journal)

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What are some of the top compliance and corruption stories of December 6, 2018? Sit back with a cup of coffee and join Tom Fox, the Compliance Evangelist and listen in on the Daily Compliance News. In today’s edition of Daily Compliance News:How bad was Les Moonves behavior? Much worse than you thought. (Slate)Former Hong Kong Home Secretary convicted of paying bribes in violation of the FCPA. (FCPA Blog)Andy Spalding opines on whether the proposed $50MM Penthouse to Putin could have violated the FCPA. (Huffington Post)Urban Meyer resigns. Was it related to the scandal? (New York Times)

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DECEMBER 5, 2018 BY TOM FOX 

In today’s edition of Daily Compliance News:

Is ‘forced hugging’ sexual harassment? (Washington Post)Is the NFL simply incompetent or does it intentionally ignore evidence of domestic abuse?(New York Magazine)Another day, another data breach announced. This time its Quora but only 100MM impacted? (Wall Street Journal)Glencore probe in Canada nears end. What about the US? (Wall Street Journal)

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DECEMBER 4, 2018 BY TOM FOX

In today’s edition of Daily Compliance News:

Goldman Sachs says it will use monitoring for high-risk transactions. (Financial Times)·     

Did Marriott meet the SEC standards for data breach disclosure?(MarketWatch)·       

Did Jho Low bribe US government officials? (Dipping Through Geometries)       

Farming giant CHS discloses FCPA investigation into Mexico border bribes. (FCPA Blog)

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