With KPMG in the news for one of the biggest ethical trainwrecks in recent memory (or since the last biggest ethical trainwreck-Walmart) Tom and Jay return to discuss both events some of this week’s top compliance and ethics stories which caught their collective eyes.

  1. Wal-Mart settles. Harry Cassin breaks the story for the compliance community in the FCPA Blog. DOJ DPA here. SEC Cease and Desist Order here.
  2. The KPMG ethical trainwreck catapults off the tracks with a SEC enforcement action. Francine McKenna in MarketWatchwith the most comprehensive reporting. Tom and Matt Kelly explore in separate blog posts on the FCPA Compliance Reportand Radical Compliance. They debate it into the week’s on Compliance into the Weeds. Read the full SEC Cease and Desist Order.
  3. What is the role of the WTO in global anti-corruption enforcement? Luciana Silveira explores in the FCPA Blog.
  4. Banks behaving badly (Part 1,304,555). Swedebank suspends execs from its Estonia branch. Dominic Chopping reports in WSJ’s Risk and Compliance Journal. Deutsche Bank under criminal investigation for AML violation. David Enrich, Ben Protess and William K. Rashbaum report in the NYT.
  5. NAVEX Global published a first-of-its-kind ethics and compliance benchmark report. Jaclyn Jaeger reviews in Compliance Week (sub req’d). Full report is available here.
  6. What are the data security/data privacy issues from using Slack? Jim Murphy explains in Corporate Compliance Insights.
  7. Designing an ethical company is easy. So says Jeff Kaplan in his always great Conflicts of Interest
  8. Why are negligence and willfulness different standards? Greg Morvillo and Christine Handley explore in NYU’s Compliance and Enforcement blog.
  9. Dylan Tokar joins the WSJ Risk and Compliance Journal. See his twitter You can reach him at dylan.tokar@wsj.com.
  10. Why does one size not fit all? Jay continues his series on working with monitors in Corporate Compliance Insights.
  11. This week Tom had a special 5-part podcast series sponsored by Assent Compliance on the emerging regulatory challenges in Supply Chain management. Check out the following: Part 1-Ithe HTS Landscape; Part 2-instituting a broader Risk Management Program; Part 3– CSR value proposition; Part 4-Conflict Minerals/Responsible Minerals; Part 5-scaling up to meet challenges.  The podcast is available on multiple sites: the FCPA Compliance Report, iTunes, JDSupra, Megaphone,YouTube,  Spotifyand Corporate Compliance Insights. The Compliance Podcast Network joins C-Suite Radio.
  12. Tom is keynoting next week (June 28) at the University of Miami conference “Compliance Across Borders”. For information and registration click here. In Europe and want to attend a great compliance conference? Tom will be keynoting at Circle of Compliance forum on July 3 and 4 in Paris. For more information and registration, click here.

Tom Fox is the Compliance Evangelist and can be reached at tfox@tfoxlaw.com. Jay Rosen is Mr. Monitor and can be reached at jrosen@affiliatedmonitors.com.

For more information on how an independent monitor can help improve your company’s ethics and compliance program, visit our sponsor Affiliated Monitors at www.affiliatedmonitors.com.

0 comments