In this episode, Jay Rosen and myself take a look at some of the top compliance stories over the past week.

  1. What do Steve Wynn’s resignation and Wells Fargo’s continuing problems tell us about corporate governance? Matt Kelly takes a look at Wynn on Radical Compliance. Tom explores the Fed’s penalty levied on Wells Fargo and its Board on the FCPA Compliance Report. They explore the intersection of both on Compliance into the Weeds.
  2. Bill Coffin asks why Wells Fargo, Volkswagen and Samsung are on Fortune’s World’s Most Admired Companies list in his Compliance Week (sub req’d)
  3. Japan is offering leniency deals for companies which provide information on other violations. Michael Griffiths reports in GIR. (sub req’d)
  4. Banks behaving badly. Dick Cassin on Rabobank’s guilty plea, $369MM forfeit for laundering Mexico drug money. Jessica Tillipman and Samantha Bland ask if $4.8bn in penalties has deterred HSBC? Both articles appear in the FCPA Blog. Sam Rubenfeld weighs in on Rabobank in the WSJ Risk and Compliance Journal.
  5. Both the UK Serious Fraud Office and US Justice Dept. and SEC reopen their investigations into allegations of GSK corruption in China. Henry Cutter reports on the UK reopening in the Wall Street Journal Risk and Compliance Report. Dick Cassin considers the US reopening in the FCPA Blog.
  6. Why does the ABA oppose transparency in anti-money laundering law reform? Matthew Stephenson ask in Global Anti-Corruption Blog.
  7. The Pentagon loses some money ($$millions really). Brian Bender reports in Politico.
  8. Tom announces presales of his next book, the Complete Compliance Handbook, which will be published by Compliance Week in April 2018. You can find out more on his website by clicking here.
  9. Join Tom and Jonathan Marks at his next Compliance Master Class, sponsored by Marcum LLP. It will be held on February 12 & 13 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.
  10. The lads reflect on the Super Bowl win by the Eagles over the Patriots.