All articles by Tom Fox – Page 20
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Compliance has become the heart of the business
Compliance has taken center stage in investors' eyes according to Tom Fox. Large institutional investors are beginning to evaluate companies by considering a mix of metrics, such as regulatory warnings, tangential civil lawsuit, and social responsibility. Fox has more.
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How JPMorgan Chase avoided prosecution over ‘Sons and Daughters’
At one time, it looked like JPMorgan Chase had landed in fairly hot water with its ‘Sons and Daughters’ bribery scandal. But for every misstep, says Tom Fox, there is a path to freedom.
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Did Wells Fargo Give Prudential a Black Eye?
Tom Fox epxlores how the business relationship between Prudential and scandal-ridden Wells Fargo put Prudential in hot water.
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The FCPA and ‘Islands of Honesty’
The Man From FCPA Tom Fox explores a recent article that hopes to answer the question: Why are so many governments around the world collapsing amid corruption scandals?”
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Under the FCPA, 'anything of value' means precisely that
A recent U.S. Supreme Court decision makes it very clear that when it comes to issues of potential bribery, absolutely anything that could be considered as having value is fair game as a potential agent of corruption. Tom Fox reports.
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Who watches the watchers?
The recent enforcement action against Big Four accounting firm Deloitte and its Brazilian arm details what happens when an auditor is willing to lie to the government and alter work papers on behalf of a client. But what might it be willing to do to hide bribery and corruption, asks ...
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Self-certified due diligence is fraught with danger
Tom Fox looks at further reverberations from the Malaysian sovereign wealth fund 1MDB scandal concerning one giant red flag: a reference provided by a third party to vouch for that third party.
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Ethics training and parking spaces
A parking space is seen as a definite perk for U.S. executives, but perhaps not so in other countries. Tom Fox looks at the recent case of former Daimler President Rainer Gärtner, who—while operating out of the firm’s China-based location—overreacted to improper use of his parking spot.
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Compliance on the VW board
Tom Fox explores the case of Hans Dieter Pötsch, chairman of the VW supervisory board, who could be held responsible if German prosecutors find the board had actual knowledge, but failed to keep shareholders abreast, of the emissions-testing scandal and its potential costs.
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Use of data in a best practices compliance program
Tom Fox discusses how data must be continually managed, tested, and recalibrated within an organization for it to be fully effective.
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Did they get the memo?
Tom Fox explores the case of Australian mining giant Rio Tinto, which recently terminated two top officials after an investigation into possible Foreign Corrupt Practices Act violations.
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The JPMorgan FCPA settlement and the Fed
The recent JPMorgan Chase FCPA settlement resulted in $264 million in fines, with a portion being paid to the U.S. Federal Reserve Bank. While some contend a Fed fine should not be considered FCPA, Tom Fox says: If it walks like a duck and quacks like a duck, it is ...
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Going to trial in an FCPA case-it’s just a trial
Tom Fox explores the reason behind why there’s a lack of trials for corporations when it comes to Foreign Corrupt Practices Act violations.
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Two top compliance programs get together
The merger of General Electric and energy services company Baker Hughes Inc. combinews two firms that are recognized as having the very top compliance programs in the energy industry and indeed across the country. Tom Fox reports.
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Will Brazil’s ‘car wash’ end?
The Man From FCPA Tom Fox explores recent reports surrounding Brazilian legislative figures trying to obstruct ongoing corruption investigations.
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Where is the Justice Department headed—no tea leaves needed
Tom Fox explores what Justice Department Compliance Counsel Hui Chen has in store for enforcement in light of recent remarks from Assistant Attorney General Leslie Caldwell.
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What’s in your (corporate) wallet?
With the recent scandal at Wells Fargo, The Man From FCPA Tom Fox discusses the importance of finding out what’s in your corporate wallet, i.e. what information is in your files that could point to issues that might lead to regulatory violations.
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Artificial intelligence meets compliance
A look from Tom Fox at how artificial intelligence is changing the face of compliance in order to incorporate cultural values into the hiring process.
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1MDB-a truly international fight against corruption
Tom Fox looks at the alleged looting of Malaysian sovereign wealth fund 1MDB and the implications it has for fighting global corruption.
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Conflicts of interest: The EU and the revolving door
Tom Fox explores the recent appointment of former EU commissioner Jose Manuel Barroso to non-executive chairman of Goldman Sachs’ London-based investment bank. Is the move a violation of conflict of interest rules?