Compliance into the Weeds

The SAP Foreign Corrupt Practices Act Enforcement Action


Listen Later

The award winning, Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode, Tom and Matt take a deep dive into the recent Foreign Corrupt Practices Act (FCPA) enforcement action involving the ERP software giant SAP. 

The recent $220 million fine imposed on German software giant, SAP, for violations of the FCPA underscores the critical role of internal audits in maintaining corporate compliance. Despite having a comprehensive FCPA compliance program, SAP's lack of control over its subsidiaries led to bribery activities, a situation that Tom and Matt believe could have been prevented with a robust internal audit function. Fox emphasized the need for strong internal audits to identify and address issues within different parts of an organization. Similarly, Kelly, underscored the importance of internal audits in identifying and rectifying control lapses. To delve deeper into this topic and understand the implications of the SAP case, join Tom Fox and Matt Kelly on this episode of the Compliance into the Weeds. 

Key Highlights

·      The bribery schemes and geographic scope

·      What is culture?

·      Third parties and corruption risks

·      The fine and penalty

·      The comeback

·      Lessons learned for the compliance professional

Resources

Matt on Radical Compliance

Tom  

Tom on the FCPA Compliance and Ethics Blog

Instagram

Facebook

YouTube

Twitter

LinkedIn


For more information on Ethico and a free White Paper on top compliance issues in 2024, click here.

Learn more about your ad choices. Visit megaphone.fm/adchoices

...more
View all episodesView all episodes
Download on the App Store

Compliance into the WeedsBy Tom Fox

  • 4.3
  • 4.3
  • 4.3
  • 4.3
  • 4.3

4.3

11 ratings


More shows like Compliance into the Weeds

View all
The Lawfare Podcast by The Lawfare Institute

The Lawfare Podcast

6,286 Listeners

FCPA Compliance Report by Thomas Fox

FCPA Compliance Report

19 Listeners

The New Yorker Radio Hour by WNYC Studios and The New Yorker

The New Yorker Radio Hour

6,683 Listeners

Stay Tuned with Preet by Preet Bharara

Stay Tuned with Preet

32,401 Listeners

Corruption Crime & Compliance by Michael Volkov

Corruption Crime & Compliance

43 Listeners

GZERO World with Ian Bremmer by GZERO Media

GZERO World with Ian Bremmer

740 Listeners

Innovation in Compliance with Tom Fox by Thomas Fox

Innovation in Compliance with Tom Fox

16 Listeners

Great Women in Compliance by Lisa Fine and Hemma Lomax

Great Women in Compliance

55 Listeners

The Bulwark Podcast by The Bulwark

The Bulwark Podcast

11,601 Listeners

Everything Compliance by Thomas Fox

Everything Compliance

1 Listeners

Daily Compliance News by Tom Fox

Daily Compliance News

7 Listeners

The Journal. by The Wall Street Journal & Gimlet

The Journal.

5,915 Listeners

The Ezra Klein Show by New York Times Opinion

The Ezra Klein Show

15,311 Listeners

The Weekly Show with Jon Stewart by Comedy Central

The Weekly Show with Jon Stewart

10,292 Listeners

2 Gurus Talk Compliance by Thomas Fox

2 Gurus Talk Compliance

5 Listeners