In this episode, Jay Rosen and myself take a look at some of the top compliance stories over the past week. Jonathan Marks joins us to discuss his new Board and Fraud blog. You want mind at all.

  1. More fallout from the Keppel Offshore FCPA enforcement action. See articles by Dick Cassin in the FCPA Blog on the in-house lawyer who pled guilty and the systemic nature of the corruption.
  2. Rick Messick considers risk assessments in the Global Anti-Corruption Blog.
  3. Well know anti-fraud specialist Jonathan Marks starts a new blog Board and Fraud, focusing on corporate governance and fraud issues. He begins by telling auditors to be skeptical. Check it out here.
  4. Is the purpose of corporate enforcement deterrence or punishment? Mihailis E. Diamantis considers this question with a preview of his upcoming article “Clockwork Corporations: A Character Theory of Corporate Punishment”. The preview is posting in NYU’s Crime and Enforcement blog.
  5. Former Och Ziff hedge fund executive, Michael Cohn indicted for fraud in Africa investment scheme. See article in Bloomberg.
  6. A banker From Turkey Convicted in plot to evade Iran sanctions. See article by Benjamin Weiser and Carlotta Gall in the New York Times. See DOJ Press Release.
  7. Petrobras Settles U.S. Securities Suit Based on Corruption-Related Allegations for $2.95 Billion. Kevin LaCroix reports from the D&O Diary. Henry Cutter reports from the WSJ Risk and Compliance Journal.
  8. Join Tom’s monthly podcast series on One Month to a More Effective Compliance Program. In January, I bring together the entire year of compliance program best practices with 31 days to a more effective compliance program. It is available on the FCPA Compliance Report, iTunes, Libsyn, YouTube and JDSupra.
  9. Tom announces his next Compliance Master Class, sponsored by Marcum LLC. It will be held on February 11 & 12 at Marcum’s offices in Miami, FL. More information or a copy of the agenda, or to register, will be available on my website, FCPA Compliance Report or at Marcum LLP.