2 Gurus Talk Compliance Thomas Fox

What happens when two top compliance commentators get together? They talk about compliance, of course. Join Tom Fox and Kristy Grant-Hart in 2 Gurus Talk Compliance as they discuss the latest compliance issues in this week’s episode!
In this episode, we look at reports suggesting China is strategically relocating forced labor from the Uyghur region to different parts of the country in an attempt to bypass US laws prohibiting goods sourced from areas associated with forced labor.
This could trigger wider limitations on goods originating from China, stressing the necessity for intensive audits and transparency in business operations. This issue has sparked bipartisan concern, hinting at potential upcoming legal actions.
Tom stresses the need for companies to react effectively to reduce risks, possibly through on-the-ground audits and increased accountability in business operations in China. Kristy underscores the need for thorough audits and proactive measures in response to the risks associated with forced labor in China. She raises the possibility of legal consequences for companies found to be misleading about their involvement with forced labor. Both perspectives serve to underline the gravity and complexity of this issue.
 Highlights Include:

Can shareholders criticize companies (without being sued)? (WSJ)

The Brazilian Supreme Court throws out Car Wash convictions.  (FT)



Prosecutorial misconduct eviscerates Fat Leonard convictions.   (WaPo)



First declination in the export control case. (WSJ)

ABC crusader picked as Vietnam’s next president. (Bloomberg)

BMW and Jaguar used banned China parts – US probe – BBC



Supreme Court Holds CFPB’s Funding Structure Constitutional – Gibson Dunn –

Binance Gets Two Compliance Monitors in Settlements With U.S. Authorities – WSJ



How Companies Dodge Tariffs – New York Times –

Moment motorist jumps into Florida lake to evade police during 90 mph chase after taking test drive too far – New York Post



Resources:
Kristy Grant-Hart on LinkedIn
Spark Consulting
Tom 
Instagram
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What happens when two top compliance commentators get together? They talk about compliance, of course. Join Tom Fox and Kristy Grant-Hart in 2 Gurus Talk Compliance as they discuss the latest compliance issues in this week’s episode!
In this episode, Tom and Kristy take on a wide variety of compliance related topics.
One of the key issues they look at are reports suggesting China is strategically relocating forced labor from the Uyghur region to different parts of the country in an attempt to bypass US laws prohibiting goods sourced from areas associated with forced labor.
This could trigger wider limitations on goods originating from China, stressing the necessity for intensive audits and transparency in business operations. This issue has sparked bipartisan concern, hinting at potential upcoming legal actions.
Tom stresses the need for companies to react effectively to reduce risks, possibly through on-the-ground audits and increased accountability in business operations in China. Kristy underscores the need for thorough audits and proactive measures in response to the risks associated with forced labor in China. She raises the possibility of legal consequences for companies found to be misleading about their involvement with forced labor. Both perspectives serve to underline the gravity and complexity of this issue.
Highlights Include:

An ex-McKinsey partner says he was scapegoated. (Reuters)


CFTC names its first AI Chief. (WSJ)

CZ gets 4 months. (WSJ)

FCPA violator Ericsson bemoans ‘over-regulation’.  (FT)


Corporate investigations are under scrutiny.   (FT)


China Moving Forced Laborers Amid U.S. Crackdown, Biden Official Says (WSJ)


Robinhood Crypto gets Wells notice from US SEC (Reuters)


Report Spotlights Privacy Access Requests (Radical Compliance)


Why Employee Bonuses Do Not Work (and What to Do Instead) (com)

A Florida man runs to the police for help after committing a crime and ends up behind bars. (com)


Resources:
Kristy Grant-Hart on LinkedIn
Spark Consulting
Tom
Instagram
Facebook
YouTube
Twitter
LinkedIn

What happens when two top compliance commentators get together? They talk about compliance, of course. Join Tom Fox and Kristy Grant-Hart in 2 Gurus Talk Compliance as they discuss the latest compliance issues in this week’s episode!
In this episode, we discuss how far the US should push Europe when it comes to banning goods produced with forced labor, whether Canadians are just too darn nice when it comes to bribery, the Supreme Court’s review of when cash given to a US politician crosses from a thank-you gift to a bribe, and a Florida man’s notice to arresting officers that he’d be drinking his beer before being arrested because it’s cold.
The issue of forced labor, particularly in China, and its resultant goods has triggered a significant discourse between the US and Europe, highlighting the intricate connection between international trade and human rights. Tom argues for Europe to adopt stringent measures against forced labor like the US and credits his stand to his profound understanding of the extensive impact such a practice has on modern society. He advocates for a broad ban on goods linked to forced labor and is enthusiastic about the potential of a joint EU, US, and UK task force addressing the issue.
Kristy, with her focused view on the contrasting approaches of the US and Europe, agrees with the necessity of a robust response. She acknowledges the US’s advanced position in tackling forced labor challenges, appreciates the EU’s efforts to enact a similar ban, and supports the idea of a joint task force. She underlines the importance of preventing goods made from forced labor from entering the US via Europe.
 Highlights Include:

The fight against climate change reporting. (Harvard Law School Forum on Corporate Governance)

Are Canadians too nice to fight ABC? (GAB)

What is the opposite of right for compliance? (COI Blog)


Between a rock and a hard place. (China Law Blog)

Are you shadow trading? (NYU Corporate and Enforcement Blog)

Europe Should Be Pushed to Take On Chinese Forced Labor, U.S. Lawmakers Say (WSJ)

Corruption or Just Politics? Supreme Court Weighs New Bribery Case as More Clashes Are Brewing (WSJ)

The Department of Justice Unveils Groundbreaking Pilot Program: Incentivizing Whistleblowers with Immunity (JDSUPRA)

From Gen Z to boomers: How to give critical feedback at work (Washington Post)

Florida man pops open beer during police encounter because it was ‘cold’ and he wanted to drink it (FOX 35 Orlando) 



Resources:
Kristy Grant-Hart on LinkedIn
Spark Consulting
Tom
Instagram
Facebook
YouTube
Twitter
LinkedIn

What happens when two top compliance commentators get together? They talk about compliance, of course. Join Tom Fox and Kristy Grant-Hart in 2 Gurus Talk Compliance as they discuss the latest compliance issues in this week’s episode!
In this episode, Tom and Kristy take on a wide variety of compliance related topics.
The Compliance Week National Conference, a premier event in the field of compliance, offered a rich assortment of discussions and insights on various compliance topics, such as AI monitoring, risk assessment, and oversight of the Foreign Corrupt Practices Act (FCPA). Among the expert attendees were compliance professionals Tom and Kristy.
Tom highlighted the invaluable practical discussions led by practitioners, which had direct impact on compliance practices. He found the sessions on risk assessments and third-party risk management to be engaging and informative.
Similarly, Kristy found the conference sessions to be enlightening, notably a keynote on artificial intelligence and a workshop on leadership. She also valued the call for transparency in compliance roles, underscoring the conference’s ability to address recurring compliance challenges.
Both Fox and Grant-Hart’s perspectives were shaped by their extensive experiences and expertise in the field of compliance, highlighting the conference’s appeal to both veterans and newcomers alike.
Highlights Include:
1. Compliance Week Conference Roundup – Key thoughts, takeaways, and moments
2. Ericsson released from DPA.   (WSJ)
3. SEC says self-reporting is critical. (WSJ)
4. Corruption with JFK taxi dispatchers.   (NYPost)
5. No more late night messages from your boss—the Right to Disconnect. (WaPo)
6. Trafigura pleads guilty. (The Maritime Executive)
7. Inside the Russian Shadow Trade for Weapons Parts, Fueled by Crypto (WSJ) 
8. Sam Bankman – Fried is still gambling (The Verge) 
9. The Frustration of CCO Job Searches (Radical Compliance)
10. Florida man put car in cruise control, then partially stood up through sunroof while speeding, deputies say (FOX 35 Orlando)
 Resources:
Kristy Grant-Hart on LinkedIn
Spark Consulting

Tom 
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What happens when two top compliance commentators get together? They talk about compliance, of course. Join Tom Fox and Kristy Grant-Hart in 2 Gurus Talk Compliance as they discuss the latest compliance issues in this week’s episode! In this episode, Tom and Kristy tackle various compliance-related topics.
Tesla’s corporate governance is under the spotlight, focusing on the company’s board independence and potential conflicts of interest. Fox has pointed out Elon Musk’s profound control over Tesla, suggesting that the lack of board independence and oversight may necessitate regulatory scrutiny, especially from the Securities and Exchange Commission (SEC). His perspective is rooted in his belief in the importance of corporate governance in protecting shareholder interests, and he raises questions about whether Musk’s leadership is aligned with the expectations of a public company CEO. Similarly, Kristy cites problems with board independence and potential conflicts of interest. She emphasizes the lack of governance within Tesla, particularly noting the court-nullified pay package granted to Musk, and suggests that the SEC may need to intervene even further. She, like Fox, implies that it may be time for Musk to step down and allow for better governance under the scrutiny of regulatory authorities.
Highlights Include

Warren wants the SEC to look into Tesla Board independence. (WSJ)

Goldman files a suit against Malaysia over 1MDB. (Bloomberg)

Mike Lynch finally goes on trial. (FT)


SEC settles first AI washing enforcement. (WSJ)

Adani Green says there is no DOJ investigation notice. (Bloomberg)

TikTok’s Fate Now Hinges on the Senate (WSJ)

The EU Corporate Sustainability Due Diligence Directive—March 2024 Update (JDSUPRA)

Survey: CCO Resources, Pressures Both Rising (Radical Compliance)

Data sharing causing concerns for drivers (WGRZ)

‘Not my fault the truck don’t surf’: Florida man arrested after driving car into the ocean (WFLA)

Resources
Kristy Grant-Hart on LinkedIn
Spark Consulting
Tom
Instagram
Facebook
YouTube
Twitter
LinkedIn

What happens when two top compliance commentators get together? They talk about compliance, of course. Join Tom Fox and Kristy Grant-Hart in 2 Gurus Talk Compliance as they discuss the latest compliance issues in this week's episode! In this episode, Tom and Kristy take on a wide variety of compliance-related topics.
The Department of Justice (DOJ) is launching a paid whistleblower initiative, specifically targeting cases of criminal exploitation of the U.S. financial system that slip through the cracks of existing agency schemes. This move has elicited various perspectives, notably from compliance experts Tom Fox and Kristy Grant-Hart. Fox, drawing on his extensive experience in compliance, identifies the program as a vital development, filling a gap in whistleblower compensation efforts. He anticipates that it will compel compliance officers to foster a culture of reporting and enhance efficiency in managing investigations. On the other hand, Kristy, a renowned compliance specialist, also views the initiative positively but expresses concerns about the increased pressure on organizations to ensure compliance.
Despite this, both experts agree that the program is a step in the right direction towards promoting transparency, accountability, and ethical corporate behavior.
 Highlights Include:
1.        DAG Monaco Speech (DOJ Release)
2.        Lisa Argentieri Speech (DOJ Release)
3.        CTA struck down (WSJ)
4.        Leadership Lessons from Robert Oppenheimer (WSJ)
5.         State governments move to regulate AI (NYU)
6.         The Percentage Of Corporate DOJ And SEC FCPA Enforcement Actions That Result From A Voluntary Disclosure (FCPA Professor) 
7.         Husband Who Eavesdropped on Wife’s Work Calls Pleads Guilty to Insider Trading (WSJ) 
8.         SEC Adopts Climate Disclosure Rule (Radical Compliance)
9.         Is It Ever OK to Have an 8 a.m. Meeting? (WSJ) 
10.   The Florida Man Games (NYTimes)
Resources:
Kristy Grant-Hart on LinkedIn
Spark Consulting
Tom 
Instagram
Facebook
YouTube
Twitter
LinkedIn