In the midst of this true madness in the NCAA tournament this year, Jay Rosen and myself take a look at some of the top compliance stories over the past week.

  1. Cambridge Analytica is in a world of trouble after stealing data from Facebook and advising clients to engage in bribery and corruption. See stories in FCPA Blog, good summary of stories by Sam Rubenfeld at WSJ Risk and Compliance Journal, The Guardian reports on what we know so far and Recode summarizes the interplay between Cambridge Analytica and Facebook.
  2. Facebook is not far behind for its tepid response. Zuckerberg responds, reported in the Wall Street Journal, a Whistleblower weighs in, the Washington Post reports that the FTC has opened an investigations, Mark Zuckerberg talks to the New York Times.
  3. In largest whistleblower awards ever, the SEC doles out $83MM to 3 anonymous persons for fraudulent conduct at Merrill-Lynch. Dick Cassin reports in the FCPA Blog, Matt Kelly advises to read the fine print on Radical Compliance and Kevin LaCroix details some interesting points from the award. The award lands the whistleblowers’ attorney, Jordan Thomas on the front page of the NYT.
  4. Catching up on news from the UK: in NYU Compliance and Enforcement Blog considers the first test of Bribery Act’s Adequate Procedures defense, from the WSJ Risk and Compliance Report-(1) Sam Rubenfeld says UK may end Scottish shell companies, (2) Rubenfeld reports that the SFO claws back bribe payment to Chad government official, (3) Mara Lemos Stein reports the Financial Conduct Authority seeks more transparency.
  5. In an unsurprising yet disturbing development, whistleblower retaliation is up. Ben DiPietro reports in the WSJ Risk and Compliance Journal.
  6. Uber Brings in Holder Report Co-Author as Deputy GC, Angela Padilla Out. Stephanie Forshee reports in Corporate Counsel (Sub req’d)
  7. Check out the top new podcast in the compliance field Innovation in Compliance. It is available on the FCPA Compliance Report, iTunes, Libsyn, YouTube and JDSupra.
  8. Tom announces presales of his next book, the Complete Compliance Handbook, which will be published by Compliance Week in April 2018. It is available for PreSale here.
  9. Jonathan Armstrong will be in Houston on April 10 to put on a half-day GDPR workshop. You can find out more and register at the Greater Houston Business and Ethics Roundtable website, org.
  10. Tom will be leading Convercent Roundtables on using data to drive ethics to the center of business in Miami (April 4), Houston (April 17) and Dallas (April 18).
  11. Tom and Everything Compliance panelist Mike Volkov and Matt Kelly named as top contributors in compliance in annual JDSupra Readers 2017-8 Poll. Will Jay take his game up?
  12. Jay details the upcoming presentations by his Affiliated Monitors’ colleagues at the SCCE European Ethics and Compliance Institute and with Convercent.

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