2 Gurus Talk Compliance

Episode 75 - The End of White Collar Edition

Fri, 24 Apr 2026 05:00:00 -0000

The Trump Administration retreats on white-collar crime. (The Dispatch)
Live Nation found guilty of monopolization. (WSJ)
White-collar defense lawyers are not busy under the Trump Administration. (FT)
Former LaFarge CEO guilty in corruption case. (Bloomberg)
How much does the Annoyance Economy cost you? (NYT)
Justice Department Nears Filing Antitrust Case Against Egg Producers (WSJ)
$253M Settlement Raises the Bar on Re-Exports, ‘Dual‑Build’ Models & Entity List Risk (Corporate Compliance Insights)
The foundational importance of export jurisdiction - Corporate Compliance Insights
‘Made in America’ Compliance! (Radical Compliance)
The Compliance Blind Spots Hiding Inside Financial Data (Corporate Compliance Insights)
Key West man accused of shining laser gloves into police cars faces 3 felonies

Resources:

Kristy Grant-Hart on LinkedIn

Order Kristy’s updated, 10-year new edition of How to Be a Wildly Effective Compliance Officer by clicking here.

Tom

Episode 74 - The GES edition

Fri, 10 Apr 2026 05:00:00 -0000

Stories this week include:

Panama Papers 10 years later. (Transparency International)
WFH as a risk management strategy. (FT)
A-holeism back in favor with corporate execs? (FT)
FirstEnergy case ends with a hung jury. (Ohio Capital Journal)
Better get your culture right. (NYT)
Overview – GES – (Ethisphere)
Anti-Fraud Teams Struggling on AI, Tech – (Radical Compliance)
How Working in America Became So Joyless – (Wall Street Journal)
2026 Lifetime Achievement Award winner – Joe Murphy – (Compliance Week)
Florida man hits officer with motorcycle, attempts to climb into cars at drive-thru: police – WFLA News Channel 8

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 73 - The Technology Edition

Fri, 27 Mar 2026 14:38:00 -0000

Stories this week include:

Stoicism without self-examination is moral bankruptcy. (FT)
Is China more stable for companies than the US? (FT)
JPMorgan to monitor jr. bankers’ hours. (FT)
EDNY says fighting the appeal of the FIFA corruption case is not worth the resources. (Reuters)
Judge questions DOJ’s decision to drop Halkbank AML case. (Bloomberg)
One CEP to Rule Them All (CCI)
Banning Sports Betting on Prediction Markets (WSJ)
US Regulatory Fines Plummet (CCI)
You Need an Automated Compliance Program (Volkov Blog)
Florida Man-Dress for Arrest (NBC Miami)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 72 - The Kristy in London Edition

Fri, 13 Mar 2026 05:00:00 -0000

Stories this week include:

What did the FCPA pause do? (JustSecurity)
Wells Fargo is free from the Consent Order. (WSJ)
Senator flags White House corruption for betting markets. (Decrypt)
A DOJ lawyer quit before the hearing on the use of false AI-generated cases. (Bloomberg-Law)
DOJ wants authority over state bar discipline. (NYT)
Discussion: SCCE Europe Keynote
Target’s ICE Arrests Expose the Gap Between Legal Compliance & Duty of Care – Corporate Compliance Insights
Dems Propose ‘FCPA Reinforcement Act’ – Radical Compliance
International agents take down major site where criminals traded stolen corporate info – Compliance Week
Woman Dressed In Hot Dog Costume Busted For Toilet Paper Caper – The Smoking Gun

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 71 - The Dog Bite Edition

Fri, 27 Feb 2026 06:00:00 -0000

Stories this week include:

The Sony Hack and the consequences of a bad decision. (WSJ)
What CEOs are most worried about. (NYT)
The dog bite defense fails as a former coal executive is convicted of FCPA violations. (Law360)
A KPMG partner was fired for using AI to cheat on a test about AI. (FT)
What is compliance reconciliation? (FinTechGlobal)
Terrorists: What Is the Risk Landscape for Multinationals Operating in Mexico? – (Corporate Compliance Insights)
Messy Retaliation Allegations at Binance – (Radical Compliance)
The Many Risks of Mandating Employee AI Usage – (Radical Compliance)
Workers Are Afraid AI Will Take Their Jobs. They’re Missing the Bigger Danger – (WSJ)
BODYCAM: Florida man arrested after bizarre forklift and ATM joyride through streets – (CBS 12)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 70 - The Ethics Edition

Fri, 13 Feb 2026 15:03:00 -0000

Stories this week include:

Deepfaking Orson Welles (NewYorker)
Lindsey Vonn, Athlete Autonomy and Ethics (Reuters)
Former coal executive goes to trial on FCPA charges. (Law360)
Tim Leissner gets 2 years' jail time. (Reuters)
Is an NPA in your future? (Reuters)
X offices raided in France as UK opens fresh investigation into Grok (BBC News)
The Wild Markets Behind Polymarket’s ‘Truth Machine’ (WSJ)
Prediction Platform Kalshi Bolsters Trust Efforts (Radical Compliance)
How Surging RTO Trends Have More Employers Choosing Co-Working Office Spaces (Inc.)
'Chuck E, No!': Bodycam shows mouse mascot arrest mid-shift (CBS 12 News)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 69 - The Wind Kristy Up Edition

Fri, 30 Jan 2026 06:00:00 -0000

Stories this week include:

Tim Leissner wants a pardon.
The Pope says watch out for an affectionate chatbot.
Discrimination against white males.
9 AI Risks you should be aware of.
Compliance officers fired for failing to escalate investigative findings.
Tungston rod importer pays $54.4M to settle DOJ tariff fraud allegations
The EU AI Act Change That No One Is Talking About
Are We Losing Ground? The State of Ethics & Compliance Independence
Will Leaving My Terrible Job Make Me Look Flaky?
Florida man arrested after trying TikTok challenge inside Walmart

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 68 - The Corruption is Free Speech Edition

Fri, 16 Jan 2026 08:59:00 -0000

Stories This Week Include:

FirstEnergy defendants in Ohio say corruption is simply ‘free speech’. (Ohio Capitol Journal)
British national sentenced to 6 years in jail over Wirecard fraud. (FT)
Corruption led to the Hong Kong fire disaster. (Bloomberg)
Translations as a compliance issue. (BBN Times)
Will Trump suspend the FCPA in Venezuela? (FCPA Compliance and Ethics Report)
X Faces U.K. Probe Over Grok’s Sexualized Images (WSJ)
Six Compliance Events to Watch in 2026 (Radical Compliance)
Why Are Your Policies Yelling at Me? It’s Time to Rethink Tone in Rules (CCI)
10 must-know workforce trends for 2026 (Dayforce)
Florida man arrested after trying to flee deputies on riding lawn mower (NBC News)

Connect with the Hosts:

Kristy Grant-Hart: LinkedIn
Tom Fox: LinkedIn

Resources:

Tom

Episode 67 - Our Favorite Stories Edition

Fri, 02 Jan 2026 14:58:00 -0000

What happens when two top compliance commentators get together? They talk compliance, of course. In this episode, Kristy Grant-Hart and Tom Fox delve into their top ten most compelling compliance stories from 2025. The discussion includes controversial presidential pardons, the impact of the Trump administration on the American justice system, and shifts in the EU’s regulatory landscape. They also explore the complexities of managing a multigenerational workforce, the implications of AI as a potential whistleblower, and reflections on the importance of maintaining trust in safety protocols at organizations like NASA. The episode wraps up with an amusingly bizarre ‘Florida Man’ story. Tune in for a blend of compliance insights and entertaining anecdotes.

Our Favorite Stories:

Top Story: Presidential Pardons and Their Impact
Geopolitical Turmoil and Business Risks
Trump as CEO: Implications for US Corporations
Shifts in EU Legislation and Regulation
Generational Differences in the Workplace
AI in Compliance: Risks and Ethical Considerations
Engagement Surveys and Corporate Culture
NASA Safety Concerns and Compliance
Florida Man: The Best Story of 2025

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 65 - The This Is Nuts Edition

Fri, 12 Dec 2025 12:01:00 -0000

What happens when two top compliance commentators get together? They talk 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! ABC protests topple the Bulgarian government, a French tennis player is suspended for 20 years over corruption, a UM coach is fired over an affair with a staffer, and Trump puts the DOJ in a no-win position over Warner Bros.

Stories this week include:

NY state could be a battleground for AI regulation. NYT
Massive fraud in aircraft parts uncovered in the UK. TheTimes
Switzerland charges Credit Suisse over Tuna Bond fraud. ACAMS
Former Labour PM convicted of corruption in Bangladesh. Independent
Lane Kiffin should be nowhere near Ole Miss football. WSJ
U.S. Supply Chains Deemed Vulnerable to Chinese Exploitation – WSJ
Europe Aimed to Set Standards for Tech Rules; Now It Wants to Roll Them Back – WSJ
Campbell Soup executive called its products food for “poor people,” lawsuit claims – CBS News
I Made an Offensive Joke. But So Did Everyone Else! Why Did I Get Fired? – NYT
Florida Man Stops Paying for Rental Car, Uses It to Give Uber Rides – FloridaMan.com

Connect with the Hosts:

Kristy Grant-Hart: LinkedIn
Tom Fox: LinkedIn

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 64 - The Hardest Year Edition

Fri, 21 Nov 2025 06:00:00 -0000

Stories this week include:

FCPA Enforcement Is Happening! – Radical Compliance – HERE
Where in the Loop? Testing AI Across 120 Compliance Tasks to Find Out Where Humans Are Most Needed – CCI – HERE
Charlie Javice Billed Hotels and Cellulite Butter as Legal Fees, JPMorgan Says – Wall Street Journal – HERE
General Counsel on Demand: Why High-Risk Sectors Are Embracing the Fractional Model – CCI – HERE
The $1tn Man tells workers 2026 will be the ‘hardest year.’ (BusinessInsider)
Top Ukrainian energy ministers resign. (AP)
Hundreds of thousands protest in the Philippines against corruption. (NPR) And protests rage in Mexico over corruption. (NYT)
They really don’t want to pay her attorney’s fees. (WSJ)
The Lakers are being investigated in an NBA betting scandal. (ESPN)
Florida man wearing ‘No, seriously, I have drugs’ T-shirt arrested for drug possession—The Week – HERE.

Connect with the Hosts:

Kristy Grant-Hart: LinkedIn
Tom Fox: LinkedIn

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 63 - The Farewell to the Tall Guy Edition

Fri, 07 Nov 2025 06:00:00 -0000

Stories this week include:

Boeing hit with $5bn in late fee penalties. (BBC)
All about FATF. (Bloomberg)
Will Tesla lose Musk (w/o $1tn pay package)? (Yahoo!Finance)
Does insider trading = insider betting? (Bloomberg)
Tom Hayes sues UBS for $400MM. (Reuters)
SEC Chair Talks Messaging Enforcement, Misses the Point – Radical Compliance
Corruption Probe Underway at Rio Tinto’s Mongolian Copper Mine – WSJ
Facebook’s new holiday ad pines for a social platform that’s long gone – Fast Company
CEOs Are Furious About Employees Texting in Meetings – WSJ
Florida man arrested after making bomb threat against himself: police – WFLA

Connect with the hosts:

Kristy Grant-Hart: LinkedIn
Tom Fox: LinkedIn

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 62 - The What’s on Your Menu Edition

Fri, 24 Oct 2025 09:49:00 -0000

What CFOs need to know about AI for compliance. (PYMNTS)
A sucker is born every minute, water edition. (WSJ)
Is OpenAI now too big to fail? (WSJ)
The history and future of securities litigation defense. (The D&O Diary)
AI chatbots are replacing Indian call centers. (Reuters)
Amazon Outage Forces Hundreds of Websites Offline for Hours – NYT
An Intriguing Whistleblower Award Case – Radical Compliance
Yes, You Can Fire an Employee for a Problematic Post, but Should You? – Corporate Compliance Insights
Smucker vs. Trader Joe’s, Lululemon vs. Costco: Fight Over Brands Goes to Court – WSJ
Florida Man Repeatedly Calls 911 on Restaurant’s ‘Extremely So Small’ Clams – Vice.com

Connect with the hosts:

Kristy Grant-Hart: LinkedIn
Tom Fox: LinkedIn

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 61 - The Back to the Future Edition

Fri, 10 Oct 2025 05:00:00 -0000

Stories this week include:

More sanctions on the Chinese tech sector are needed. (WSJ)
Will 996 come to compliance? (NYT)
Cargo firm to leave India due to government extortion. (India Today)
Exxon seeks security assurances for the Mozambique LNG project. (FT)
Charlie Javice gets more than 7 years in prison. (WSJ)
California’s SB 53: The First Frontier AI Law, Explained – (Future of Privacy Forum)
When Bots Rip Apart Your Business – (Radical Compliance)
Deregulation Déjà Vu: 3 Cycles Every Compliance Leader Should Remember – (Corporate Compliance Insights)
LRN Report on Code of Conduct Trends – (Michael Volkov’s Blog)
Florida woman pulls alligator out of pants during traffic stop – (ABC News)

Connect with the Hosts:

Kristy Grant-Hart: LinkedIn
Tom Fox: LinkedIn

Tom

Episode 60 - The Dispatches Edition

Fri, 26 Sep 2025 05:00:00 -0000

Stories this week include:

A former Navy No. 2 was sentenced to 6 years for corruption. (NBC)
BCG employees to take Humanitarian Principles training. (FT)
DOJ is about to cut loose the Binance monitor. (Bloomberg)
Trump calls for the end of quarterly reporting for public compliance. (NYT)
First AI CCO. (BBC)
Dispatches from the SCCE Conference – Radical Compliance
Trump and Europe Are at Odds Over How to Sanction Russia – WSJ
What Compliance Leaders Need to Know Ahead of Crucial DOJ Data Security Program Deadline – Corporate Compliance Insights
The Rush to Return to Office is Stalling – WSJ
Florida man clings to back of moving UPS truck to avoid deputies after Lowe’s shoplifting attempt: officials – FOX Orlando 35

Connect with the Hosts:

Kristy Grant-Hart: LinkedIn
Tom Fox: LinkedIn

Tom

Episode 59 - The Foot Fetish Edition

Fri, 12 Sep 2025 18:49:00 -0000

Stories this week include:

AI vs. AI: The Battle Over Fraudulent Receipts
Whistleblower Lessons: Nestlé CEO Dismissal Case
Forced Labor Legislation: UK and EU Developments
Boeing, DOJ, and the Role of Corporate Monitors
Workplace Activism: Managing Political Debate at Work
Data Privacy: French Fines Against Google and Shein
Corporate Wellness: Innovative Employee Perks
Children’s Data Privacy: Disney’s FTC Settlement
Florida Man Story: Compliance Lessons from the Absurd

Connect with the hosts:

Kristy Grant-Hart: LinkedIn
Tom Fox: LinkedIn

Resources:

Tom

Episode 58 - The AI Edition

Fri, 29 Aug 2025 11:23:00 -0000

Stories this week include:

Compliance with the new CRD Regulations is six weeks away. (CDF Labor Law)
TikTok to Utilize AI as Content Moderators. (WSJ)
Is AI coming for culture? (New Yorker)
Is AI psychosis real? (BBC)
AI will not replace historians. (WSJ)
Google Could Get Broken Up This Week. Here’s What It Would Mean – (NYT)
Using AI Agents to Cheat on Training – Radical Compliance (Radical Compliance)
AI Made Me Dumb & Sad – (Corporate Compliance Insights)
Incentives in Compliance and Ethics Programs: What Does ChatGPT Tell Us? – (Ideas & Answers)
Woman Claims Wind Blew Cocaine Into Her Purse, Police Say – (CBS News)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 57 - The Tom on His Highhorse Edition

Fri, 15 Aug 2025 05:00:00 -0000

Stories this week include:

Thoughts on the Compliance Job Market (Radical Compliance)
A Shadow AI Crisis Is Brewing in the GC’s Office (Corporate Compliance Insights)
I built a company that broke people. Now I’m choosing capitalism with love (Fast Company)
European Union: Specific regulation of technological impact on the workforce
Trump is now the CEO of all US corps. (WSJ)
Trump tells Intel to fire CEO. Are you next? (WSJ)
Uber picked business over customer safety. (NYT)
9th Circuit upholds SEC gag rule. (Reuters)
To Regulate or Not To Regulate. (Bloomberg)
Florida man posed as flight attendant to score dozens of free flights: officials – Fox 35 Orlando

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 56 - The Grasshopper Edition

Fri, 01 Aug 2025 05:00:00 -0000

Stories this week include:

New ABC sheriff in town. (Reuters)
Morgan Stanley screening draws scrutiny. (WSJ)
NASA, speak up and be safe. (WSJ)
What is the cost of the culture of silence at NASA? (WSJ)
Companies are stuck in the ‘I-9 hell’ of paperwork. (FT)
Meta Directors and Shareholders Settle Privacy Suit (WSJ)
Now That We Can Transcribe Work Meetings and Conversations, Should We? (WSJ)
Barclays fined millions over financial crime risk lapses (BBC)
Are You Getting the Most Bang for the Buck at Compliance Conferences? (Corporate Compliance Insights)
Naked Florida man hides in tanning bed after trying to set gym on fire at closing time (Fox 35 Orlando)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 55 - The From Worse to Worser Edition

Fri, 18 Jul 2025 05:00:00 -0000

Stories this week include:

What happens when your bot goes antisemitic? (NYT)
BRG modeled a plan to settle Palestinians. (FT)
Goldman to demand loyalty oaths. (Bloomberg)
NFLPA head works for private equity. (ESPN)
Bid-rigging in stadium development. (WSJ)
Airbus, ASML, Mistral Bosses Ask EU to Pause AI Rules. (WSJ)
EU Omnibus Simplification Package Update. (Gibson Dunn)
Antitrust Whistleblower Program Launched. (Radical Compliance)
Unfinished Business at the Department of Justice. (Ideas & Answers)
‘Today is his birthday’: Man allegedly stole a tour train high on meth, picked up passengers. (Florida Local 12)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 54 - The FCPA is Back On Edition

Fri, 20 Jun 2025 05:00:00 -0000

DOJ’s New FCPA Playbook: ‘Time to get to work’ – Ropes & Gray
Thought from the Compliance in AI Conference—Kristy attended
Building brands with culture—Fast Company
How to Say No at Work—Wall Street Journal
Fake cop pulls over real cop on I-4, gets arrested, authorities say—WESH 2
What does the crash mean for Boeing? (⁠BBC⁠)
The CITGO auction date has been extended (yet again). (⁠Reuters⁠)
Rubio is pressing OFAC to investigate Harvard. ⁠(NYT⁠)
Brad Bondi loses the DC Bar election. (⁠Reuters⁠)
The EU levies fresh sanctions on the Nord pipeline. (NYT⁠)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 53 - The AI as a Whistleblower Edition

Fri, 06 Jun 2025 05:00:00 -0000

EY is negligent in missing $3bn fraud, court told. (Reuters)
Don’t tell the truth on your employee satisfaction survey. (Business Insider)
Trump pardons VA. Sheriff convicted of bribery. (Bloomberg)
Tim Leissner sentenced.(Bloomberg)
Uyghurs are being moved around China. (NYT)
Boeing’s Internal Safety Plan: Make Problems Easier to Report – WSJ – HERE
Uh-Oh: AI’s New Whistleblower Impulses – Radical Compliance –HERE
Caught Between Conscience and Career: An E&C Leader’s Confession – Corporate Compliance Insights – HERE
How Is Remote Work Fueling Migration Trends? – Mortgage Point –HERE
You spray painted the wrong damn car’: Deputies mock teen who vandalized the wrong vehicle while trying to exact revenge on her ex – The Independent – HERE

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 52 - The Big Jet Plane Edition

Fri, 16 May 2025 05:00:00 -0000

Stories this week include:

Trump closes tariff loophole on cheap online goods from China MSN)
If A.I. Systems Become Conscious, Should They Have Rights? (NYT)
Sarah Hadden & Corporate Compliance Insights: “Failure was always a possibility. It just wasn’t an option.” (Ideas & Answers)
‘Everybody’s Replaceable’: The New Ways Bosses Talk About Workers (WSJ)
Florida man casually offers officer a vodka spritzer during police chase, officials say (Fox 35 Orlando)
The Board’s role in ransomware planning. (Harvard Law School Forum on Corporate Governance)
DOJ National Security Division issued a Declination. (Crime, Corruption and Compliance)
Based on whistleblower tips, UBS will pay $511MM for Credit Suisse’s failure to live up to DPA. (ComplianceWeek)
Malaysia wants Tim Leissner. (WSJ)
What is risk paralysis? (FT)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 51 - The Compliance Week at 20 Edition

Fri, 02 May 2025 14:57:00 -0000

Stories this week include:

SFO plans to explore whistleblower rewards in fraud crackdown (Scottish Financial News)
Power Shift: What Happens When America Steps Back From Global AML Enforcement? (Corporate Compliance Insights)
AI Is Enabling an Always-On Economy. Companies Need to Pick Up the Pace. (WSJ)
Knife-wielding Florida man with last name ‘Cocaine’ arrested after allegedly attacking Subway employees with ‘bad attitudes’ (New York Post)
CW 25 Wrap-Up (Compliance Week)
Elizabeth Warren with 100 days of Trump corruption. (HuffPost)
House wants to strip FTC of antitrust work. (Reuters)
SFO issues corporate cooperation guidance. (SFO Press Release)
The man who posed as CCO was found guilty of fraud. (Bloomberg)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 50 - The Tariffs Tariffs Tariffs Edition

Thu, 17 Apr 2025 12:20:00 -0000

Stories this week include:

Trump redefines what corruption is. (Axios)
The pain of doing business with the Trump Administration. (FT)
The fired DOJ lawyer accused the current DOJ leadership of corruption. (AP)
8 arrested in Huawei corruption probe. (Bloomberg)
Whistleblowers awarded $6.7 million against Texas AG. (Houston Chronicle)
New Tariffs Promise Increased False Claims Act Scrutiny on Importers and Other Companies in the Import Chain (Gibson Dunn)
Justice Department Scales Back Crypto Enforcement (WSJ)
DOJ Monitorship Policy Disappears (Radical Compliance)
Navigate Career Chaos: 5 Steps to Find Clarity Now (Psychology Today)
Woman arrested after accidentally texting sheriff’s department instead of drug dealer (KKTV)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 49 - The Depression Episode

Sat, 05 Apr 2025 05:00:00 -0000

Stories This Week Include:

Rivals pounce on Paul Weiss lawyers. (NYT)
The court dismissed the FCPA case against Cognizant Technologies defendants. (Law360)
Boeing sued for wrongful death of whistleblower. (WSJ)
US presses French companies to stop DEI. (NYT)
Disney is under investigation for DEI. (BBC)
The Charlie Javice Verdict: A Wake-Up Call For Fintechs And Banking – (Forbes)
The Brave New World — Due Diligence to Identify Cartels and TCOs – (Volkov Blog)
Nuggets From Navex on Internal Reporting – (Radical Compliance)
The Five Things You Shouldn’t Tell ChatGPT – (WSJ)
Florida man points a gun at the man at a karaoke bar after getting ‘upset’ about the music: police – (Fox 35 Orlando)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 48 - The March Madness Edition

Sat, 22 Mar 2025 12:33:00 -0000

Stories this week include:

Severance, your ‘Innie” and work-life balance. (NYT)
Difference in work generations. (HR Exchange)
Treasury flags $200 transactions at the border. (WSJ)
Schwartz fires Paul Weiss. (Law360)
Huawei bribery scandal hits EU. (BBC)
EU Omnibus Package: 10 things you should know about the proposed changes to key sustainability legislation (White Case)
Half of Compliance Officers Have Anxiety; Their Org Chart Might Be the Culprit (CCI)
Compliance Programs and Leaks (Radical Compliance)
Job Seekers Hit Wall of Salary Deflation (WSJ)
Florida police horse nabs man after wild chase over drug deal | ‘Get that bad man! ‘ (Fox 35 Orlando)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 47 – The Chaos Edition

Fri, 07 Mar 2025 06:00:00 -0000

Stories this week include:

Who are we? (Radical Compliance)
9th Circuit upholds Holmes’s conviction. (Reuters)
Leveling, not raising. (WaPo)
Who wants to go back to Russia? (NYT)
Trump revoked Chevron’s license to do business in Venezuela. (WSJ)
Two Tech Executives Face Trial Under a Bribery Law Trump Has Put on Hold. (WSJ)
Kroger’s CEO resigned abruptly after an investigation into personal conduct. (WaPo)
CFTC Offers New Incentives for Companies to Report Their Wrongdoing. (WSJ)
5 steps to take to get a promotion in 2025. (Fast Company)
A Florida man poses as an immigration officer at Orlando apartments to check for undocumented residents. (Fox 35 Orlando)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 46 – The Move to Diligent Edition

Fri, 21 Feb 2025 13:53:00 -0000

Stories this week include:

JPMorgan’s purchase of Frank heads to criminal trial. (FT)
Dirty money, fentanyl, Mexican gangs, and China. (WSJ)
Mayor Adams imbroglio (Various)
McKinsey asks if China is too risky. (Bloomberg)
Ethics programs are more than simply compliance. (Forbes)
Wells Fargo banks on (Not) risky business. (PYMTNS)
Diligent Acquires Spark Compliance, a Leading Compliance and Ethics Consultancy (Press Release) – HERE
Pausing Foreign Corrupt Practices Act Enforcement to Further American Economic and National Security (Whitehouse) – HERE
The Corporate Transparency Act Is Back On (WSJ) – HERE
Study Warns on Ethical Culture Disconnect (Radical Compliance) –HERE
Florida woman, 44, uses ‘botox’ excuse to explain age after fraudulently applying for hurricane aid: police (Fox News): HERE

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 45 - The Snow in Florida Edition

Sat, 08 Feb 2025 13:18:00 -0000

Stories This Week Include:

DEI-reframing, not retreating. (FT) and WVA replaces DEI with “Dept. of Engagement and Compliance”. (12WBOY)
Trafigura and ex-COO were convicted of bribery. (Bloomberg)
How Binance is ensuring compliance. (CoinPedia)
The CCO Departure Bonus. (Cosmos)
Serbians are done with corruption. (The Guardian)
Wells Fargo banks on (Not) risky business. (PYMNTS)
Crackdown on Tariff Exemption Snares U.S. E-Commerce Retailers (WSJ)
An investing revolution is coming. The U.S. isn’t ready for it. (The Washington Post)
The Sanctions Year in Review: DOJ Takes First Steps to Enforce “The New FCPA” While OFAC’s Enforcement Actions Decline (Volkov)
Fewer Americans Are Quitting Their Jobs (WSJ)
1 arrested after snowballs thrown at Florida police officers, officials say (Fox 35 Orlando)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 44 - The Snow in Texas Edition

Fri, 24 Jan 2025 06:00:00 -0000

Stories this week include:

Former Wells Execs Fined Millions (Radical Compliance)
Another Example of Weak Governance (Radical Compliance)
Can a Computer Learn to Speak Trader? (WSJ)
Florida Chipotle worker installed tracking device on ex-fling’s car in hopes he would ‘run into’ her: complaint (NY Post)
Wells Fargo banks on (Not) risky business. (PYMNTS.com)
What is forced labor? (BBC)
KPMG will open a US law firm in AZ. (Reuters)
Return To Office compliance. (Bloomberg)
What is the Conference of State Bank Supervisors, and why is fining Block $80MM?(CSBS)
10 Workplace Trends for 2025: What’s In and What’s Out? (Gensler)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 43 - The Tribute to Jimmy Carter Edition

Fri, 10 Jan 2025 06:00:00 -0000

What happens when two top compliance commentators get together? They talk 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! Today, Tom and Kristy open 2025 with a rollicking episode starting with a tribute to Jimmy Carter, who signed the FCPA.

Stories this week include:

Do a premortem on your compliance program this year? (WSJ)
Is litigation financing justice? (WSJ)
Lady MacBeth lives. (Greek Reporter)
Is CFIUS Corrupt? (WSJ)
Auditing firms call the value of metrics ‘speculative.’ (FT)
On the Front Lines of the Trade War: How Customs Officers Screen for Prohibited Goods at U.S. Ports (WSJ)
Ephemeral and Off-Channel Communications – Are we missing the serious questions? (Ideas and Answers)
Businesses Preparing for Another Year of Geopolitical Tumult (WSJ)
Will 2025 Be the Watershed Year for Return-to-Office Mandates? That Depends. (WSJ)
The Florida Man Games Return on March 1, 2025 (thefloridamangames.com)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 42 - The Holiday Edition

Fri, 20 Dec 2024 06:00:00 -0000

Stories this week include:

Boeing DPA and Monitor
Deere FCPA Enforcement Action
TD Bank AML enforcement action
McKinsey-Opioid and FCPA resolutions
Elon Musk’s pay package and corporate governance
Musings from the bottom of the world
DOJ has received 200 tips since launching the whistleblower program (LEGALDIVE)
Sam Bankman-Fried and FTX
NYC Mayor Eric Adams, his corruption charges, and a possible Trump Pardon
The Greatness of Florida Man

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 41 - The Where Are We Headed Edition

Fri, 15 Nov 2024 06:00:00 -0000

Stories This Week Include:

End of ESG and crypt initiatives at SEC. (WSJ)
What science reveals about corruption. (El Pais)
FinCEN, corruption, and the real estate industry. (Reuters)
Would you trust Mattel to list your website? (NYT)
Fat Leonard was sentenced. (NYT)
10 Compliance Lessons Learned from the Telefónica Venezolana FCPA Enforcement Action (JDSUPRA)
DOJ has received 200 tips since launching the whistleblower program (LEGALDIVE)
Retaliation – The Reality From passive policy to a data-driven active anti-retaliation program (IDEAS & ANSWERS)
Connect With One Old Colleague or Boss (WSJ)
A quick guide to rekindling a business relationship gone dormant—and why it’s important to do it
Ex-Disney Employee Accused of Hacking Disney World Menus, Changing Font to Wingdings (404 MEDIA)

Register for the First Annual Compliance Podcast Network, Agora Awards for Excellence in Podcasting. Our inaugural winners are Mary Shirely and Lisa Fine for co-founding Great Women in Compliance. The event is free on Tuesday, November 19, from 12-3 PM ET. Registration and Information here.

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 40 - The Celebration of Corporate Compliance Week Edition

Fri, 01 Nov 2024 15:03:00 -0000

Co-hosts Kristy Grant-Hart and Tom Fox tackle high-profile compliance issues in this episode. They start with Boeing’s cultural failures, highlighted by the Wall Street Journal. They question whether Boeing is too big to fail and emphasize the need for a comprehensive monitorship. The topic then shifts to AI, specifically the Consumer Financial Protection Bureau's warnings about employee surveillance. The hosts discuss the potential cultural problems and lack of respect for workers stemming from AI-driven monitoring tools, advocating for a balanced workplace surveillance approach.

Next, we cover the harrowing story of a Binance compliance officer detained in Nigeria under dubious charges and celebrate the appointment of an ethics and compliance chief at OpenAI. They explore the challenges of managing AI ethics at such a high-profile company. Kristy and Tom also discuss the controversial new UK law aimed at preventing workplace sexual harassment, the work burnout epidemic among Gen Z workers, and the scandalous allegations against Abercrombie’s former CEO for sex trafficking. The episode looks light-heartedly at a Florida man’s bizarre bacon heist.

Stories Include:

What went wrong at Boeing. (WSJ)
Charges dropped against Tigran Gambaryan in Nigeria. (Wired)
Open AI hires first E&C chief. (Bloomberg)
Preventing bad behavior at work. (FT)
Former A&F CEO arrested for sex trafficking. (WSJ)
U.S. Consumer Watchdog Cautions Businesses on Surveillance of Workers (WSJ)
AI Assistants are Blabbing Our Work Secrets (Washington Post)
Four great ideas for your Compliance and Ethics week (BROADCAT)
Why Are So Many Gen-Zers Fit to Quit? (INC.)
Florida man arrested for pulling off $100,000 frozen bacon heist (KYMA)

Register for the First Annual Compliance Podcast Network Agora Awards for Excellence in Podcasting. Our inaugural winners are Mary Shirley and Lisa Fine for co-founding Great Women in Compliance. The event is Tuesday, November 19, from 12 to 3 PM ET and is free. Registration and Information are here.

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 39 - The TD Bank Edition

Fri, 18 Oct 2024 05:00:00 -0000

In this episode, co-hosts Khristy Grant-Hart and Tom Fox tackle several high-profile compliance issues. They start with TD Bank’s $3 billion money laundering scandal, exploring how inadequate compliance measures and lack of investment enabled a decade-long operation involving $18.3 trillion in questionable transactions. The discussion critiques the penalties imposed on TD Bank and reflects on the broader industry implications. The hosts then shift focus to collateral damage from fentanyl, human trafficking, modern slavery, and terrorist financing, spotlighting the OCC’s novel restrictive actions and an SEC enforcement case involving Indian bribery schemes by Moog.

Transitioning to corporate compliance dynamics, the podcast covers the Texas incident involving Deloitte’s mishandling of a convicted felon’s loan application, raising significant questions about due diligence. Frances Haugen’s advocacy for stronger whistleblower protections, particularly in the AI sector, gets highlighted. The episode concludes by addressing the legal ramifications of anti-boycott provisions, the complexities of election season in the workplace, and recent developments in the Boeing case, encapsulating these serious discussions with a humorous note on a bizarre Florida man incident.

Stories Include:

TD Bank Money Laundering Scandal
Caremark Claims and Broader Implications
Indian Bribery Case and SEC Enforcement
Debating the ECCP Guidance
Texas’ $5 Billion Power Plant Scandal
Facebook Whistleblower Frances Haugen Speaks Out
Understanding Anti-Boycott Provisions
Managing Politics in the Workplace
Boeing’s Legal Troubles and DEI Concerns
Florida Man’s Unusual Drug Complaint

Resources

Kristy Grant-Hart on LinkedIn

Tom

Episode 38 - The SCCE Wrap Up Edition

Fri, 04 Oct 2024 05:00:00 -0000

In this episode of the ‘Two Gurus Talk Compliance Podcast,’ hosts Kristy Grant-Hart and Tom Fox delve into recent updates and stories in the compliance world. They explore the DOJ’s latest guidance on corporate compliance programs, highlighting themes of data access and the role of AI. Discussion on domestic bribery leads to the case against NYC Mayor Eric Adams for alleged violations, including unauthorized travel expenses. The hosts also analyze four significant trade sanction cases detailed by Michael Volkov, illustrating the importance of rigorous compliance measures. Notable segments include the investigation into Binance’s hefty compliance investments, the influence of competition on corporate culture, and current issues in internal controls. A curious case on Caremark claims against Wells Fargo’s board is mentioned, providing insights into potential legal trends. The podcast closes with a humorous touch on a Florida man’s recurring jail visits due to retail fraud. The episode is a comprehensive overview of key compliance topics marked by real-world examples and expert insights.

Stories Include:

How Binance found that old-time 'compliance' religion. (WSJ)
Wells Fargo must face Caremark claim. (Reuters)
SEC fines 11 more firms for failures in messaging apps. (SEC Press Release)
4 top sanctions cases. (Corruption, Crime, and Compliance)
On the importance of internal controls. (Harvard Law School Forum on Corporate Governance)
Revamped Compliance Program Guidance! (Radical Compliance)
Canada, Mexico Should Halt China's Forced-Labor Imports, U.S. Lawmakers Say (WSJ)
NYC Mayor Eric Adams accepted harmless ‘courtesies,’ not bribes, his lawyer says (AP)
Companies Like to Pit Internal Teams Against Each Other. Bad Idea. (WSJ)
57-year-old Florida man goes to jail for 75th time (WTSP)

Resources :

Kristy Grant-Hart on LinkedIn

Tom

Episode 37 — The Florida Couple Edition

Fri, 20 Sep 2024 05:00:00 -0000

In this episode Tom and Kristy discuss the controversial LinkedIn post that categorized people aged 45 to 55 as in ‘late career,’ while highlighting how Gen Z is showing new enthusiasm for corporate jobs. They delve into the Biden administration’s crackdown on Chinese imports linked to modern slavery and debate the costs of closing the de minimis exception for tariffs and package reviews. Additionally, they touch on the alarming case of a missing Chinese executive and dissect the implications of mandatory retirement ages in corporate America. The episode wraps up with a quirky story about a Florida couple (not Florida Man) attempting to claim a lottery prize with a laminated, torn ticket, showcasing the wide spectrum of compliance and ethical issues in today’s world. Tune in for a mix of insightful discussion and lighter moments from the compliance community.

Stories Include:

What me retire? (FT)
The top Chinese bank told me to wire money. (FT)
Ex-Glencore execs appear in court. (FT)
PCAOB orders audit firms to bring in outsiders. (FT)
The way forward for ESG. (FT)
Biden Takes Aim at China’s Temu and Shein with Trade Crackdown. (WSJ)
An affair cost Alan Shaw his job and severance. Will Norfolk Southern also try to claw back his pay? (Fortune.com)
20-Somethings Learn to Love Their Corporate Jobs. (WSJ)
SEC Charges Seven Public Companies with Violations of Whistleblower Protection Rule. (SEC)
Florida couple caught allegedly taping lottery ticket together to claim $1 million prize. (FOX Orlando 35)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 36 – The Fall is Here Edition

Fri, 06 Sep 2024 05:00:00 -0000

In this episode, Kristy and Tom discuss a range of vital topics in the compliance and legal world. They delve into the implications of the recent election on sanctions and OFAC policies, highlighting a rare decline involving Boston Consulting Group. The episode also covers significant enforcement actions, challenges of corruption in California and South Africa, and the role of chief resilience officers in corporate risk. Additionally, they share quirky and alarming anecdotes, such as a man attempting to check a human as luggage, and emerging trends in the ever-evolving compliance landscape.

Stories Include:

PE Partners loses equity for FCPA violations. (WSJ)
Tough U.S. Sanctions Packages Are Here to Stay—Whether It’s Harris or Trump – (WSJ)
Nordea Bank to pay $35MM for AML violations. (WSJ)
BCG receives a Declination. (WSJ)
RTX to pay $1.2bn for trade sanctions violations. (Radical Compliance)
South Africa investigating $7bn worth of corruption at state-owned enterprises. (Toronto Star)
How California Became a New Center of Political Corruption (NYT)
How Do You Change a Chatbot’s Mind? (NYT)
Now Hiring: Chief Resilience Officer. Do You Have What It Takes? (CCI)
Shrink-Wrapped Florida Man Tries to Check-In as Luggage at Miami International Airport – Simple Flying: HERE

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 35 — The End of Summer Edition

Fri, 23 Aug 2024 17:10:00 -0000

In this episode, Kristy and Tom delve into an array of timely topics. They take a deep dive into an Op-Ed piece from Michael Lewis about his writing on SBF, consider a new role for internal audit, look at the BoA, consider the fate of two corrupt politicians and consider AI regulation in the EU and beyond. Of course, a Florida man makes an appearance with another great tale.

Tune in for a comprehensive mix of compliance nuts-and-bolts insights and current events.

Stories Include:

Titles Don’t Matter & Other Lies I’ve Been Told (CCI)
CCO Compensation Update (Radical Compliance)
Bank of America Urges Bankers to Sound Alarm on Overwork After WSJ Investigation (WSJ)
EU AI Act Elevates Responsible Standards, Outpacing GDPR (CCI)
Man jailed for impersonating Miami Springs pizzeria and delivering disgusting pies, police say – (Local 10)
Sam Bankman-Fried, a Personal Verdict. (WaPo)
Auditing for a Competitive Advantage (CCI)
Tracking Individual FCPA Enforcement (Volkov)
Comparing perspectives: the BOD and C-Suite (HLFCG)
Menendez Resigns/Santos pleads guilty. (New Jersey Globe) (CBS News)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 34 — The Whistleblower Edition

Fri, 09 Aug 2024 05:00:00 -0000

In this episode, Kristy and Tom delve into an array of timely topics. They discuss how and why HR is now seen as the ‘Department of Misery.

The duo takes a deep dive into the new DOJ Whistleblower Incentive Program. They also discuss the huge Meta settlement with the state of Texas, SFO prosecutions and corporate felony convictions. Of course, Florida man makes an appearance with another great tale. Tune in for a comprehensive mix of compliance nuts-and-bolts insights and current events.

Stories Include:

For Big Companies, Felony Convictions Are a Mere Footnote (WSJ)
HR: the Department of Misery? (NYT)
Can a corporate vote overturn a court decision? (FT)
Income inequality and corruption. (The Economic Times)
The DOJ announces a whistleblower incentive program. (WSJ)
Glencore trader criminally charged by SFO for bribery. (FT)
OFAC Releases Guidance on Extended Statute of Limitations & Forthcoming Recordkeeping Changes (Volkov) – VolkovLaw
Meta agrees to $1.4 billion settlement in Texas biometric data lawsuit over Facebook images (CNBC)
Will AI kill meaningless jobs? (NYT)
‘Before He Cheats:’ Florida woman accused of keying ‘CHEATER’ on man’s car (Click Orlando)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 33 — The Nuts and Bolts Edition

Fri, 26 Jul 2024 05:00:00 -0000

What happens when two top compliance commentators get together?

They talk 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 Kristy and Tom delve into an array of timely topics. They discuss a filmmaker turned vigilante’s impact on corporate DEI programs and the repercussions of the UK elections on compliance and law enforcement. The duo takes a deep dive into the essentials of the European AI Act, emphasizing its imminent enforcement and the potential penalties.

They also bring attention to the importance of a robust document retention policy, especially in international contexts. Of course, Florida man makes an appearance swimming away from the police to evade his girlfriend’s probing questions.

Tune in for a comprehensive mix of compliance nuts and bolts insights and current events.

Stories Include:

Document Retention for U.S. Litigation Beyond Borders: Considerations for Foreign Companies
Implementing an Effective Compliance Management System
Tightening Compliance Around Ephemeral Messages
New York State Department of Financial Services Adopts AI Guidance
Understanding the EU AI Act
Deere Slashes Diversity Initiatives After Backlash from Conservative Activist. (WSJ)
SEC Charges Silvergate Capital, Former CEO for Misleading Investors about Compliance Program. (SEC)
What Dramatic UK Election Results Might Mean for Compliance. (Corporate Compliance Insights)
Is ‘Rizz’ the Secret to Getting Ahead at Work? (WSJ)
Florida man jumps in ocean to avoid giving cops, girlfriend his phone’s passcode: ‘You’re telling me I’m resisting’

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 32 — Shout Out to CCI

Fri, 12 Jul 2024 05:00:00 -0000

In this episode of 2 Gurus Talk Compliance Podcast, hosts Kristy Grant-Hart and Tom Fox discuss major developments in the compliance world. The topics include the potential scope of Boeing’s monitorship related to the 737 MAX crashes, Italian raids on luxury brand manufacturers for modern slavery violations, insights from the year’s biggest risk assessment survey, and Florida man’s futile gun battle with a Walmart drone. Additionally, they delve into articles from Corporate Compliance Insights on well-being washing, Supreme Court’s rollback of Chevron deference, trade sanctions screening, effective use of AI in compliance, and the importance of regulating ephemeral messaging. The episode concludes with an entertaining Florida man story involving a shootout with a drone.

Stories Include:

To the DOJ: Go Big on Boeing. (CCI)
Well-Being Washing (it’s a real thing). (CCI)
Upgrading TPRM in the age of AI. (CCI)
Sanctioned or not? (CCI)
International Comms Compliance. (CCI)
Raids Find Luxury Handbags Being Made by Exploited Workers in Italy (WSJ)
Supreme Court Overrules Chevron, Sharply Limiting Judicial Deference To Agencies’ Statutory Interpretation (Gibson Dunn)
2024 State of Risk & Compliance Report (NAVEX)
Is work taking over your life? Here’s how to reclaim your time. (WaPo)
A Florida man’s futile gun battle with a Walmart drone. (Fortune)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 31— AI, Compliance and Crypto

Fri, 21 Jun 2024 05:00:00 -0000

In this episode of 2 Gurus Talk Compliance Podcast, hosts Kristy Grant-Hart and Tom Fox discuss AI’s role in unmasking whistleblowers, the latest fallout from cryptocurrency firms under SEC scrutiny, advancements in tracking sanctioned commodities, and the humorous mishap involving a Florida man and laxatives. They also delve into the implications of workplace violence prevention laws, BP’s new office relationship rules, and check in on corruption and legal developments involving figures like Bob Menendez and Benny Steinmetz. Ending on a lighter note, a Florida man finds himself in trouble after substituting opioids with laxatives.

Stories Include:

Tyson Foods CFO was suspended for drunk driving. (Bloomberg)
5 takeaways from Menendez trial.(CNN)
FAA says greater oversight needed over Boeing.(NYT)
Terraform settles with SEC for $4.5bn.(FT)
Beny Steinmetz profile.(OCCPR)
The Double-Edged Impact of AI Compliance Algorithms on Whistleblowing (National Law Review)
BP Tightens Rules Over Office Relationships in Wake of Former CEO’s Departure (WSJ)
Keeping Sanctioned Russian Timber Out of the EU Is Tricky. This Nonprofit Has a Solution (WSJ)
New York Bill Would Provide Protections Against Workplace Violence for Retail Employees (Seyfarth)
Florida Man Steals Constipation Drugs Thinking They Were Opioids (Florida has a right to know)

Resources

Kristy Grant-Hart on LinkedIn

Tom

Episode 30 — Make a Plan

Fri, 07 Jun 2024 05:00:00 -0000

In this episode, Kristy and Tom discuss various pressing issues and developments in compliance. Topics include the introduction of a new regulator in Europe, concerns of AI employees about retaliation for raising alarms on potential threats, California's new workplace violence compliance requirements, and unusual attempts to use live animals as payment in Florida.

The episode also highlights the significance of the Women in Compliance conference, the importance of crisis communication strategies, and the recent extension of the sanctions statute of limitations by the U.S. government. The conversation also covers networking for job seekers and the implications of the newly formed European Financial Crime Agency. The episode concludes with a bizarre payment method by our good friend, Florida Man.

Highlights Include:

Make a plan. (NYU Compliance and Enforcement Blog)
When your employer sells you out, the Citgo 6 sues CITGO. (Houston Chronicle)
Self Disclose, Self-Disclose, Self-Disclose. (Radical Compliance)
The EU has a new financial crime agency. (WSJ)
Bringing trust to your internal reporting. (LinkedIn)
AI Employees Fear They Aren’t Free to Voice Their Concerns (WSJ)
Congress Extends Sanctions Statute of Limitations And Addresses Other National Security Issues (Corruption, Crime and Compliance)
SB 553: How to Navigate the New Workplace Violence Prevention Law (Global Guardian)
Landing a Job Is All About Who You Know (Again) (WSJ)
Florida Man Charged with Attempting to Exchange Live Alligator for Beer (FloridaHasARightToKnow.com)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 29— Kristy Gets a Diploma

Fri, 24 May 2024 09:52:00 -0000

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

Tom

Episode 28 — CZ v. SBF Edition

Fri, 10 May 2024 05:00:00 -0000

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.

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

Tom

Episode 27 — The Too Nice Edition

Fri, 26 Apr 2024 05:00:00 -0000

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

Tom

Episode 26 — The Compliance Week Wrap Up Edition

Fri, 12 Apr 2024 05:00:00 -0000

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

Tom

Episode 25 – The Never Go Away Edition

Fri, 29 Mar 2024 05:00:00 -0000

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

Tom

Episode 24— The Self-Disclosure Edition

Fri, 15 Mar 2024 05:00:00 -0000

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

Tom

Episode 23 — The Sustainability Edition

Fri, 23 Feb 2024 12:27:00 -0000

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.

In the ever-evolving world of regulatory compliance and risk management, challenges are constant, and strategies must be dynamic. Tom highlights the focus on the Tesla Board, celebrates the OECD at 25, bemoans New Zealand’s drop in the TI-CPI, reviews the HP acquisition of Autonomy and looks at the differences in Binance and FTX enforcement. Kristy highlights the slave labor allegations, EU sustainability law, the ease of whistleblower restrictions, the EU and AI, and checks in on Florida Woman. Join Tom Fox and Kristy Grant-Hart as they delve deeper into these issues in this episode of the 2 Gurus Talk Compliance podcast.

Topics Discussed:

1. Chinese Slave Labor Allegations Hold Up VW’s Audi, Porsche, and Bentley Vehicles in U.S. Ports (MotorTrend)

2. EU Corporate Sustainability Due Diligence Law Most Likely Dead, For Now (Forbes)

3. US Supreme Court's UBS case makes it easier for whistleblowers to win suits (Reuters)

4. How EU AI Act May Accelerate Compliance Regime for U.S. Enterprises (WSJ)

5. The Tesla Board Chair is under scrutiny for oversight of the company. (NYT)

6. A tale of 2 corps: Binance and FTX. (Reuters)

7. OECD at 25. (The Hill)

8. No DD, no problem as HP seeks $4bn from Mike Lynch. (Bloomberg)

9. New Zealand drops to No. 3 on TI-CPI. (The Conversation)

10. Woman swipes $1.5 million and splurges on flights, Carnival cruises, Florida cops say (Yahoo)

Resources

Kristy Grant-Hart on LinkedIn

Tom

Episode 22 - FCPA Blog Tribute

Fri, 09 Feb 2024 06:00:00 -0000

In the ever-evolving world of regulatory compliance and risk management, challenges are constant, and strategies must be dynamic. Tom highlights the corruption in Ukraine, Elon Musk loses $55bn and throws a tantrum, and why Brazil wants to punish Transparency International. Kristy highlights the DEI, how to fire employees, remote workforce challenges for a CCO and checks in on Florida Man. Join Tom Fox and Kristy Grant-Hart as they delve deeper into these issues in this episode of the 2 Gurus Talk Compliance podcast.

Highlights Include:

1. FCPA Blog announces its closing. (FCPA Compliance & Ethics Blog)

2. A massive corruption scandal was uncovered in Ukraine. (CNN)

3. Musk’s $55bn pay package is voided and he wants to move to Texas. (WSJ)

4. An Ecuadorian official got a $70,000 watch as a bribe. (Bloomberg)

5. Brazil goes after TI for its CPI. (FT)

6. Firing employees the right way is part of compliance (FCPA Blog)

7. Mark Cuban Doubles Down on Support for DEI After Trading Barbs With Anti-Diversity Crusader Elon Musk (Inc.com)

8. Remote Workforces Create New Challenges for Investigators and Compliance Officers (NAVEX)

9. New Jersey and New Hampshire Pass Comprehensive Privacy Legislation (Inside Privacy/Covington)

10. Florida man steals Snoop Dogg’s bobblehead but later has change of heart (Local 10 News)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 21 - Big Trouble in China Edition

Fri, 26 Jan 2024 06:00:00 -0000

What happens when two top compliance commentators get together? They talk 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 topics including the self-improvement of Florida Man gone astray.

In the ever-evolving world of regulatory compliance and risk management, challenges are constant, and strategies must be dynamic. Tom highlights the corruption in China, data privacy, duty of oversight for officers and export control sanctions. Kristy highlights the ESG & DEI, Supply Chains and China, SAP, frequent flyer mile fraud and checks in on Florida Man. Join Tom Fox and Kristy Grant-Hart as they delve deeper into these issues in this episode of the 2 Gurus Talk Compliance podcast.

Highlights Include

First Shots Fired in 2024 Proxy Battle Over ESG, DEI: (Law.com)
Enforcement of China Forced-Labor Import Ban Needs to Be Much Tougher, Say U.S. Lawmakers (WSJ)
Lessons Learned from the SAP Enforcement Action — DOJ Changes Tack on FCPA Enforcement While SEC Digs into Third-Party Controls (Part III of III) (Corruption, Crime & Compliance)
Frequent flyer miles helped authorities crack down on a $127 million money laundering scheme (The Street): HERE
Analysis of failure to exercise duty of oversight by a corporate officer. (FCPA Compliance & Ethics Blog)
McDonald’s Duty of Officer oversight. (Compliance and Enforcement)
Are China and its fight against corruption. (Reuters)
Big penalties coming to export control and sanctions enforcement. (WSJ)
A federal data privacy law in 2024? (CCI)
Florida man uses phone he found in Walmart bathroom to call in fake bomb threat, cites TikTok trend: deputies (FOX Orlando)

Resources

Kristy Grant-Hart on LinkedIn

Tom

The Welcome to 2024 Edition

Wed, 17 Jan 2024 19:30:06 -0000

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 topics, including the self-improvement of the Florida Man gone astray.

In the ever-evolving world of regulatory compliance and risk management, challenges are constant, and strategies must be dynamic. Tom highlights the SFO, culture assessments, Key Board issues for 2024 and the McDonald’s Doctrine. Kristy highlights the new law, FEPA, Supply Chains, AI, and checks in on Florida Man. Join Tom Fox and Kristy Grant-Hart as they delve deeper into these issues in this episode of the 2 Gurus Talk Compliance podcast.

Highlights Include:

U.S. Prosecutors Can Charge Foreign Officials With Bribery Under New Provision (WSJ)
New Actions from the White House Highlight the Difficulty of Tracing Forced Labor in Supply Chains (Supply Chain Brain Blog)
Maryland looks to harness AI for government use with executive order (Washington Post)
WorkLife’s definitive guide to what’s in and out for 2024 (WorkLife)
Analysis of failure to exercise duty of oversight by a corporate officer. (D&O Diary)
Key Board issues for 2024. (Compliance and Enforcement)
Are emojis evil? (FCPA Blog)
SFO hammered in the ENRC report. (WSJ)
Why do you need to do a culture assessment? (CCI)
Florida woman sues Hershey for $5 million over 'deceptive' Reese's packaging (ABC News)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

For more information on Ethico and a free White Paper on top compliance issues in 2024, click here.

Episode 19 - The Holiday Edition

Fri, 15 Dec 2023 13:24:56 -0000

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 topics, including Florida Man's Booty Patrol.

In the ever-evolving world of regulatory compliance and risk management, challenges are constant and strategies must be dynamic. Tom highlights recent SEC pronouncements on culture and takes a look back at Serpico and the Salt Lake City Olympic scandal. Kristy highlights AI regulation in the EU and US, talks about the need for employees to have some time off, and checks in on Florida Man. Join Tom Fox and Kristy Grant-Hart as they delve deeper into these issues in this episode of the 2 Gurus Talk Compliance podcast.

Highlights Include:

SEC Chief Accountant on what bothers him. (WSJ)
Using onboarding as a corporate culture set. (FCPA Blog)
Serpico at 50. (The Guardian)
Salt Lake City Olympic corruption scandal, 25 years later. (Salt Lake Tribune)
Carrot and Stick in new M&A Safe Harbor (Compliance and Enforcement)
SEC Kicks Climate Rule to 2024 (Radical Compliance)
In Landmark Vote, Europe Approves AI Regulations--Paving the Way for U.S. Adoption (Inc.com)
SEC Head Warns Against ‘AI Washing,’ the High-Tech Version of ‘Greenwashing’ (WSJ)
Employees Need Time Off. Here's How to Craft a Successful Policy. (Bamboo HR)
Florida man faces charges after driving ‘BOOTY PATROL’ truck (ClickOrlando News)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 18— The Florida Man Games Edition

Fri, 10 Nov 2023 06:00:00 -0000

What happens when two top compliance commentators get together? They talk 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 topics including the state image of Florida Man.

In the complex world of corporate governance, the issues of corporate misconduct, leadership accountability, and professional productivity are of paramount importance. Tom emphasizes the need for thorough due diligence when appointing leaders, particularly those with a history of misconduct. He also advocates for detailed record-keeping as a tool for managing workload and enhancing productivity. Kristy echoes these sentiments, highlighting the significance of ethical leadership and effective compliance measures. She also offers practical strategies for dealing with workplace challenges such as micromanagement and office politics. Join Tom Fox and Kristy Grant-Hart as they delve deeper into these topics in this episode of the award-winning 2 Gurus Talk Compliance podcast.

Highlights Include :

1. FCA bans Jes Staley (Compliance Week)

2. What is the purpose of a policy: Integrity in cricket? (University of Sussex)

3. CA gun shop owner pleads guilty to bribing former county sheriff. (CSB-SF)

4. US Bankruptcy trustee seeks return of fees award to law firm of paramour. (Reuters)

5. ICO apologizes to ex-Nat West chief. (FT)

6. Lawmakers Press Costco on China Forced Labor (WSJ)

7. Sam Bankman-Fried convicted of multi-billion dollar FTX fraud (Reuters)

8. UK Parliament Enacts Sweeping New Fraud Legislation Aimed at AML/TF Activities (Volkov)

9. Ever Thought ‘Just Leave Me Alone to Do My Job’? This Is for You (WSJ)

10. Which Florida Man best embodies the state’s spirit? A new contest will decide. (Washington Post)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Episode 17— Self-Improvement Edition

Fri, 27 Oct 2023 05:00:00 -0000

What happens when two top compliance commentators get together? They talk 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 various topics, including the self-improvement of Florida Man gone astray.

Challenges are constant in the ever-evolving regulatory compliance and risk management world, and strategies must be dynamic. Tom highlights the technological shortcomings of many compliance programs and the critical role of compliance officers in mitigating reputational damage. He emphasizes continuous improvement and vigilance, ensuring due diligence and monitoring compliance strategies. Kristy acknowledges the progress made in the field over the past two decades but also points out the technology gap in integrating governance, risk, and compliance data. She underscores the need for better handling of integrated reporting in the future. Join Tom Fox and Kristy Grant-Hart as they delve deeper into these issues in this 2 Gurus Talk Compliance podcast episode.

Highlights Include

What does the lull in FCPA enforcement mean for chief compliance officers? (FCPA Blog)
CA enacts climate change disclosures. (HLS Forum on Corp Governance)
CFTC and monitors. (Compliance and Enforcement)
U.S. Warns Businesses to Guard Against Iran Missile Push (WSJ)
Combining COI and Risk Assessments. (COI Blog)
U.S. Lifts Broad Sanctions Against Venezuela for Six Months (WSJ)
The Gap In SEC Individual FCPA Enforcement Actions Is Over Three Years (FCPA Professor)
Report: Insourcing Up, Confidence Too (Radical Compliance):
Prosecutors in Sam Bankman-Fried trial compare defense argument to ‘Dumb and Dumber’ (CNBC)
Florida man's quest to fulfill 'daily theft quota' lands him in jail across county lines, deputies say (Fox Orlando)

Resources

Kristy Grant-Hart on LinkedIn

Tom

Episode 15 – The I Don’t Like it Edition

Fri, 13 Oct 2023 05:00:00 -0000

What happens when two top compliance commentators get together? They talk 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 topics, including a visit to Florida Women.

The landscape of corporate compliance is ever-evolving, with recent developments posing new challenges and opportunities for businesses. Compliance is a dynamic process that requires constant monitoring and retrospective reviews to identify potential risks and changes. He also emphasizes the importance of involving compliance officers early in the due diligence process of mergers and acquisitions and acknowledges the complexities of managing conflicts of interest in networking and hiring. Tom and Kristy advocate for a proactive approach to compliance, highlighting the importance of regulatory resources such as the New York State Department of Financial Services’ cybersecurity rules. She also stresses the need for clarity and certainty in compliance practices, particularly in areas like mergers and acquisitions and conflicts of interest. Join Tom Fox and Kristy Grant-Hart as they delve deeper into these issues in the latest episode of the 2 Gurus Talk Compliance podcast.

Highlights Include:

Albemarle FCPA enforcement action. (FCPA Blog)
DAG Monaco on more credit for self-disclosure, this time in M&A. (Radical Compliance)
NYDFS Comments on proposed cyber disclosure amendments. (Compliance and Enforcement Blog)
Michael Lewis and SBF. (The Dig)
Identifying compliance blind spots. (CCI)
Lawmakers Press NBA, Players Union on Forced Labor (WSJ)
Can you tell the difference between acceptable networking and wrongful hiring practices? (FCPA Blog)
Crypto Sector Seeks Lawyers, Compliance Officers After Reputational Hits (WSJ)
Stop Obsessing About Work All the Time (WSJ)
Two women stole bags of food from Florida Taco Bell during armed robbery, deputies say (Fox 25 Orlando)

Resources

Kristy Grant-Hart on LinkedIn

Tom

Episode 14— Ethics & Compliance for Humans edition

Fri, 29 Sep 2023 05:00:00 -0000

What happens when two top compliance commentators get together? They talk 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 topics including a visit of Florida Woman.

In the ever-evolving world of business, the challenges of compliance, risk management, and corporate governance are becoming increasingly complex. In this episode of Two Gurus Talk Compliance podcast, hosts Tom Fox and Kristy Grant-Hart delve into these complexities, drawing from their extensive experience in the field. Tom highlights the importance of diverse approaches and perspectives in compliance, praising Adam Balfour’s book, "Ethics and Compliance for Humans," for its focus on human thought and emotion rather than legal themes. Kristy focused on the need for a shared understanding of terminology in compliance, risk management, and corporate governance, also recommending Balfour’s book for its relatable tone and comprehensive coverage of key topics. Join Tom Fox and Kristy Grant-Hart as they continue to explore these challenges in the next episode of the 2 Gurus Talk Compliance podcast.

Highlights Include

Sen. Menendez defiant. (ABC News)
De-risking in China. (FT)
Deutsch Bank fined for greenwashing. (WSJ)
De-risking and China (FCPA Blog)
FIFA bribery conviction tossed. (Compliance and Enforcement)
FTC Names Three Amazon Executives in Suit Over Prime
SEC Fines Real Estate Firm CBRE Over Violations of Whistleblower Protections (WSJ)
Ex-FTX GC Launches Law Firm, Says His 'Hugely Disappointing Experience' Will Be Asset for Clients (Law.com)
Adam Balfour’s New Book: Ethics & Compliance for Humans
Florida Woman “Borrows” Alligator and Keeps it in Hotel Bathroom (7News)

Resources

Kristy Grant-Hart on LinkedIn

Tom

Episode 13 - The FCA Speaks Edition

Fri, 15 Sep 2023 05:00:00 -0000

What happens when two top compliance commentators get together? They talk 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 topics, including a visit to Florida Man.

In the world of business, compliance and investigation protocols play a crucial role in ensuring fairness, consistency, and institutional justice. Organizations need to establish robust frameworks to handle incidents effectively and mitigate risks. In this episode of 2 Gurus Talk Compliance, several key factors impacting the enhancement of compliance and investigation protocols for organizations were discussed, including the need for standardization and rigor in investigation protocols, a perspective rooted in his belief in the importance of a culture of compliance within organizations. Kristy takes the lead in highlighting the value of consistency and standards in investigation protocols for ensuring institutional justice and fairness. Join them as they delve deeper into this topic on this episode of the 2 Gurus Talk Compliance podcast.

Highlights Include:

1. Insufficient cyber plan = FCA violation. (DOJ Press Release)

2. Roger Ng was banned for life. (YaHooFinance)

3. FASB adopts crypto accounting rules. (WSJ)

4. Ken Paxton and the slow creep of corruption. (Texas Tribune)

5. Rubiales resigns. (NYT)

6. U.K. Financial Regulator to Review Bank Treatment of Politically Exposed Persons (WSJ)

7. FCPA Opinion Release Provides Guidance on Payment of Travel and Other Expenses for Foreign Government Officials (Volkov)

8.AI in Employment: Privacy Regulation Is Here (PLI Chronicles/Gibson Dunn)

9. Is It Time to Update Your Company's Dress Code? What 'Business Casual' Means Today (Inc.)

10. Florida man banned from the ocean after trying to sail homemade hamster wheel (local news)

Resources :

Kristy Grant-Hart on LinkedIn

Tom

Episode 12 - Speaking Up is Awesome Edition

Fri, 01 Sep 2023 19:17:49 -0000

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 topics, including a visit by a Florida man.

In the world of business, compliance and investigation protocols play a crucial role in ensuring fairness, consistency, and institutional justice. Organizations need to establish robust frameworks to handle incidents effectively and mitigate risks. In this episode of 2 Gurus Talk Compliance, we discuss several key factors impacting the enhancement of compliance and investigation protocols for organizations, including the need for standardization and rigor in investigation protocols, a perspective rooted in his belief in the importance of a culture of compliance within organizations. Kristy takes the lead in highlighting the value of consistency and standards in investigation protocols for ensuring institutional justice and fairness. Join them as they delve deeper into this topic on this episode of the 2 Gurus Talk Compliance podcast.

Highlights Include:

ISO standards for internal investigations. (FCPA Blog)
Tom releases a new book. (Amazon)
The Spanish Kiss. (ESPN)
How to develop a culture of compliance. (Compliance and Enforcement Blog)
The first 100 days. (CCI)
Has China outlawed due diligence? (FCPA Blog)
3M Settles U.S. Probe Over Tourist Trips for China Officials (FCPA Blog)
You Can Now Make ChatGPT Work Specifically for Your Company. Here's How (Inc.)
You’ve Heard of Quiet Quitting. Now Companies are Quiet Cutting (WSJ)
Fentanyl found in cookie jar during a traffic stop in Florida, man arrested (WFLA Florida)

Resources

Kristy Grant-Hart on LinkedIn

Tom

Episode 11 - Mary Releases A Book Edition

Fri, 18 Aug 2023 05:00:00 -0000

In this episode, Tom and Kristy cover a range of topics including new anti-money laundering rules, India's requirement for auditors to report suspected fraud, FCPA enforcement, messaging app compliance, compliance budget challenges, the settlement of an FCPA case, changing work dynamics, the purpose of a corporation, and the impact of ESG factors on corporate governance. They discuss the American Bar Association's delayed support for anti-money laundering efforts, India's significant change in auditor reporting rules, SEC enforcement of messaging app compliance, and the potential settlement of an FCPA case. They also emphasize the need for businesses to adapt to changing work styles and values and the benefits of incorporating ESG factors into corporate decision-making.

Highlights Include

ABA agrees to new client due diligence rules.
Mary Shirley releases a new book.
More messaging app non-compliance fines.
Albemarle makes FCPA settlement reserve.
Capitalism at an Inflection Point?
New India rules require auditors to report suspected bribery and kickbacks to the government.
Grupo Aval FCPA Settlement.
Stretching Your Compliance Budget.
Leaving the Office at 5 Is Not a Moral Failing.
Florida woman doused herself in Diet Mountain Dew to erase DNA after killing roommate, 79.

Resources

Connect with Kristy Grant-Hart on LinkedIn

Tom

Episode 10 - Ethical Remote Workers Edition

Tue, 08 Aug 2023 11:36:00 -0000

Tom and Kristy consider the possibility of an international anti-bribery court, challenges in enforcing judgments against countries without strong anti-corruption laws, and the United States' unlikely participation. The European Commission issued an adequacy decision regarding data transfers between the US and EU, resolving a long-standing issue, but privacy advocate Max Schrems plans to challenge its validity. The importance of on-site due diligence, and the value of on-site audits and cybersecurity disclosure were also explored. The benefits of remote work, global anti-corruption efforts, AI safeguards, and the dangers of zero tolerance policies were covered as well. The conversation provided insights into various compliance-related topics.

Highlights Include

· World ABC Court

· No DOJ control on Cognizant investigation.

· SEC adopts Cyber disclosure rules.

· Fight against corruption in Ukraine.

· Goldilocks Compliance.

· Data Privacy Framework Program Launches New Website Enabling U.S. Companies to Participate in Cross-Border Data Transfers

· Site Visits: Sometimes the Best Due Diligence is Done on Foot

· New Data Reveals that Remote Workers are Likely More Ethical than their Office Counterparts.

· White House Says Amazon, Google, Meta, Microsoft Agree to AI Safeguards

· Man Steals Vehicle, Crashes it into Building during Search for WiFi Connection

Resources

Connect with Kristy Grant-Hart on LinkedIn

Tom

Episode 9 – Florida Man Moves Outside of Florida

Fri, 21 Jul 2023 04:15:00 -0000

What happens when two top compliance commentators get together? They talk 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! This week on the podcast, we discussed a variety of financial fraud and corruption cases that have recently come to light. From Bank of America’s creation of millions of fake accounts to KPMG getting caught cheating in the Netherlands, these cases serve as a reminder to the importance of strong compliance programs and the need for companies to be proactive in preventing fraud. Additionally, the DOJ is utilizing data analytics to enhance their ability to prosecute FCPA cases, while Women in Compliance work to empower and support female professionals in the industry. Finally, the Florida Man Scam highlights the need to be aware of the potential for scams and to exercise caution when giving out personal information.

Highlights Include

· Bank of America Scandal

· Navex Survey

· Corruption in Singapore

· KPMG Cheating Scandal

· Kenneth Polite Reflects

· Lisa Osofsky Reflects

· Women in Compliance

· Florida Man Should Stay in FL

· Contracts and Emojis

Resources

Connect with Kristy Grant-Hart on LinkedIn

Tom

Episode 8 – Florida Man

Fri, 23 Jun 2023 05:00:00 -0000

What happens when two top compliance commentators get together? They talk 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, they discuss whether a compliance crisis is coming, a new compliance law in the UK, and why companies may be dialing down their public statements on ESG and DEI. They also delve into a survey on compliance concerns, the importance of preventing corruption in Ukraine, and the creation of a Department of Justice corporate crime database. With exciting stories like a bizarre crime tale and insight into the controversial Wall Street Journal article, this episode will keep you engaged and informed. Don’t miss out on this opportunity to improve your compliance.

Highlights Include

· Corporate Compliance in a Time of Budget Cuts

· Preparing for UK's New Economic Crime Offense

· Compliance and ESG in corporate culture

· Managing Unwanted Change in Compliance

· Legal issues of cryptocurrency exchange

· Rebuilding Ukraine: Business Opportunities and Corruption

· Stress-free Workplace Priorities

· Corporate crime database

· Florida Man strikes again

Resources

1. Compliance Crisis Coming?

2. 2023 Global Compliance Risk Benchmarking Survey

3. Managing Unwanted Change

4. Ukraine and Corruption

5. DOJ launches corp crime data base

6. Florida Man Strikes Again (Honorary Darwin Award nominee as well)

7. How Great Companies Give Their People What They Want

8. DOJ Drop SBF FCPA Charges

9. Companies Quiet Diversity Talk

Connect

Kristy Grant-Hart

Tom

Episode 7- Once A Con, Always A Con

Fri, 09 Jun 2023 10:37:00 -0000

What happens when two top compliance commentators get together? They talk compliance of course. Join Tom Fox and Kristy Grant-Hart in their podcast, 2 Gurus Talk Compliance, as they dive into hot compliance topics. In this episode, they cover the Elizabeth Holmes goes to prison, the current office imbroglios, a record whistleblower award, the perils of using ChatGPT, cyber breach reporting, Gartner and trust and lightening and compliance. With their unique insights and engaging storytelling, this podcast is a must-listen for anyone in the compliance field. Don't miss the latest episode of 2 Gurus Talk Compliance and stay ahead of the curve!

Highlights Include

· Racial Justice at the Board

· Gartner FCPA enforcement action

· Cyber Incident Reporting

· AI and Corporate Governance

· Once a con, always a con

· Record whistleblower award

· WFH, RTW and Hybrid-Work

· CCO Comp

· Using ChatGPT

· Penalties low, benefits high

Resources

Connect with Kristy Grant-Hart on LinkedIn

Tom

Episode 6-the Risk of Distributors

Fri, 26 May 2023 05:00:00 -0000

What happens when two top compliance commentators get together? They talk compliance of course. Join Tom Fox and Kristy Grant-Hart in their podcast, 2 Gurus Talk Compliance, as they dive into hot compliance topics. In this episode, they cover the potential crisis with due diligence in China, highlights from the Compliance Week 2023 National Conference, and a recent fraud case. They also discuss strategies for managing distributor risk, stakeholder management, and the need for AI regulation. With their unique insights and engaging storytelling, this podcast is a must-listen for anyone in the compliance field. Don't miss the latest episode of 2 Gurus Talk Compliance and stay ahead of the curve!

Highlights Include

· Phillips FCPA Enforcement Action and Distributor Risk Management

· Stakeholder Strategy for Ethical Business Practices

· Risks of Due Diligence in China for US Companies

· Risks of Conducting Investigations in China

· Quantitative skills, AI regulation, and challenges

· Tech Hearings & Messaging Compliance Reform

· The Problems with Ephemeral Messaging and Hot Desking

· The Myth of Informal Office Collaboration

· IRS Scam Calls and Sanctions Compliance

Resources

Connect with Kristy Grant-Hart on LinkedIn

Tom

2 Gurus Talk Compliance – Episode 5, The Taylor Swift Edition

Fri, 12 May 2023 05:00:00 -0000

What happens when two top compliance commentators get together? They talk compliance, of course. Join Tom Fox and Kristy Grant-Hart in their podcast, 2 Gurus Talk Compliance, as they tackle topics on behavior economics, OFAC settlement lessons, the importance of the user experience in compliance policy creation, and more. They also discuss incorporating behavioral sciences into compliance strategies and the exciting changes in compliance consulting services. With their expertise, they share insights on how data, behavioral science, and innovative approaches can improve compliance programs, business processes, and profitability.

Listen as they provide valuable insights on how to understand culture by starting a dialogue and the importance of finding someone to give a narrative. Lastly, they discuss the challenge of bribery and corruption and the need for compliance professionals to be innovative, accept failures, and be comfortable with experimentation. Take advantage of this exciting and informative podcast episode from two renowned compliance experts, Tom Fox, and Kristy Grant-Hart.

Highlights Include:

Document Geeks rejoice
BAT settlement from the Caremark/McDonalds perspective
New Directions for Cybersecurity
What is a corrupt payment?
Rachel Carson and leadership
Compliance industry growth
What’s on the mind of CCOs
Taylor Swift and compliance
Using AI to generate meeting notes

Resources

1. New Direction for Cybersecurity.

2. BAT export control settlement-$767MM is just the start of the costs.

3. What is the profile of a corrupt payment?

4. Rachel Carson and Leadership

5. The 24-Hour Rule by Adrienne Bellehumeur.

6. Three Graphs Explain the Compliance Industry’s Growth

7. What is top-of-mind with CCOs?

8. 8 Handy Tools to Get AI-Generated Meeting Notes

9. Queen of Due Diligence

Connect with Kristy Grant-Hart on LinkedIn

Tom

2 Gurus Talk Compliance-Episode 4

Fri, 21 Apr 2023 05:00:00 -0000

What happens when two top compliance commentators get together? They talk compliance of course. Join Tom Fox and Kristy Grant-Hart in their podcast, 2 Gurus Talk Compliance, as they tackle topics on behavior economics, OFAC settlement lessons, the importance of the user experience in compliance policy creation, and more. They also discuss the incorporation of behavioral sciences into compliance strategies and the exciting changes happening in compliance consulting services. With their expertise, they share insights on how data, behavioral science, and innovative approaches can improve compliance programs, business processes, and profitability.

Listen as they provide valuable insights on how to understand culture by starting a dialogue and the importance of finding someone to give a narrative. Lastly, they discuss the challenge of bribery and corruption and the need for compliance professionals to be innovative, accepting failures, and being comfortable with experimentation. Don't miss this exciting and informative podcast episode from two renowned compliance experts, Tom Fox, and Kristy Grant-Hart.

Highlights Include

· Evolution of Corporate Ethics and Compliance Programs

· Microsoft OFAC Settlement

· Irritating Emails

· Behavioral Science in Compliance

· Messaging Apps and Dept. of Business Denial

· FTX and its (lack of) Internal Controls

Notable Quotes

1. “I don't want to say the traditional tools are limited, but we've really evolved past them.”

2. When they were specifically talking about the section on learning and on training and talking about that frequently shorter in more bursts, more frequently where the learner gets to decide when and how they learn is really a lot not just with behavioral science, but also with adult learning theory.”

3. “But again, 1 of the things that's so powerful about enforcement act is that they tell us what we should be doing.”

4. “Compliance professionals need to look at their sales models and see if they're using distributors.”

Resources

1. Microsoft’s OFAC Settlement Underscores Important Remedial Measures

2. FTX, Multimillion-Dollar Expenses Were Approved by Emoji

3. Your Email Does Not Constitute My Emergency

4. New DOJ policies about messaging apps and clawbacks threaten compliance departments’ standing

Connect with Kristy Grant-Hart on LinkedIn

Tom

2 Gurus Talk Compliance-Episode 3

Fri, 07 Apr 2023 05:00:00 -0000

What happens when two top compliance commentators get together? They talk compliance of course. Join Kristy Grant-Hart and Tom Fox for their new podcast, 2 Gurus Talk Compliance! But it is not simply Kristy and Tom talking compliance. In this podcast series Kristy and Tom review other top commentators in compliance as well. In this podcast, we discuss the recent jail time for a Wells Fargo executive, the UK government's plan to enforcement of anti-corruption and AML violations, due diligence before acquiring a company, and the recent charges against the co-founder of FTX. They also touch on the shift towards valuing a healthier relationship with work and the potential of the Metaverse in the compliance industry. Tune in to hear Tom and Kristy break down the latest compliance news and provide valuable insight into the industry that will keep you ahead of the curve.

Highlights Include

· Corporate Ethics and Compliance

· The Wells Fargo Scandal and Criminal Accountability

· Uncertainty surrounding CCO certification

· UK Government's Fight Against Corporate Crimes

· COVID and the Future of Work

· The Importance of Due Diligence in Acquisitions

· Move into the compliance profession

· Indictment of Samuel Bankman Fried

Notable Quotes

1. “If you buy a company that was engaging in bribery corruption, you're not responsible for that. But when you take title and ownership, it is not them who are engaging in broader corruption. It is you are engaging in broader corruption.”

2. “I just think that flat banning of CHAT GPD is taking away hugely useful business tool to the Italian business sector.”

3. “It is incredibly rare for a bank officer to be held criminally accountable.

4. I think we'll start to see that now move to becoming an extraordinary practice to a best practice to a regular practice to table stakes.

Resources

1. Italy Bans ChatGPT

2. Why workers have given up the office

3. CCO certifications

4. Getting your first job in compliance

5. SBF and the FCPA

6. Carrie Tolstedt pleads guilty

7. UK to invest in economic crime enforcement

8. What is happening to the Metaverse

9. Flutter settles FCPA enforcement action

Connect with Kristy Grant-Hart on LinkedIn

Spark Consulting

Connect with Tom Fox on Linkedin

2 Gurus Talk Compliance-Episode 2

Fri, 24 Mar 2023 05:00:00 -0000

2 Gurus Talk Compliance will include a deep dive into the latest headlines, as well as ask hard hitting questions and provide valuable insights on the current happenings of the world. Don’t miss out this week, as Tom and Kristy look at how the new DOJ pilot program and update to the evaluation of corporate compliance program guidance will affect dailiness operations.

Highlights Include

· Moral hazard for DOJ/Compliance

· Global Corporate Governance Trends for 2023

· Assessment of Monaco/Polite Speeches and new ECCP

· Compliance in the Metaverse

· Five hard leadership bills to swallow.

· Former Blue Bell CEO Pleads Guilty

· $9 Million Cow Manure Ponzi Scheme

· Lessons Learned from Ericsson’s DPA Breach

· Serious Fraud Office Abandons Prosecution

· 2023 Evaluation of Corporate Compliance Programs

Notable Quotes

1. "The effect on the economy is much more severe than I would have ever thought. The market tanked, basically, for 3 days. And of course, the market runs on perceptions. Pretty much like bank runs run on per perceptions."

2. "We had some assets disappear over the weekend. We've had the federal government come in at backstop that amount, full amount, not just limited to the 250000 per person or entity that the FDIC ensures I think banking regulations will probably change forever because of this event."

3. "A couple of weeks ago, we had 2 major speeches by deputy attorney general Lisa Monaco and Kenneth Polite, at the ABA white collar conference that were followed by the release of an updated 2023 version of the Evaluation of Corporate Compliance Programs, a new policy regarding monitors as well, and the announcement of a pilot program."

Resources

Connect with Kristy Grant-Hart on LinkedIn

Spark Consulting

Connect with Tom Fox on Linkedin

2 Gurus Talk Compliance - Episode 1

Fri, 10 Mar 2023 06:00:00 -0000

In this inaugural episode, they discuss the latest in compliance trends and news, including two Supreme Court cases that have implications for the compliance profession. They also cover the Department of Justice and whistleblower trends, taking a look at Miranda and Upjohn warnings and increasing numbers of whistleblower reports to the SEC. They also dive into an article from the Harvard Law School Forum on corporate governance and discuss the Illinois Biometric law. Join the conversation and discover the latest on compliance and regulations with 2 Gurus Talk Compliance.

Highlights Include

The Role of In-House Attorneys in Communication Between Outside Counsel and Businesses [00:05:17]

Supreme Court Decision on the Future of the CFPB [00:09:11]

Impact of the Colorado Draft Regulation on Artificial Intelligence Compliance Programs [00:13:23]

The Benefits of Automated Data Deletion [00:17:23]

A Miranda component to corporate Upjohn Warnings [00:21:25]

The Obligation of Society to Address Climate Change [00:25:33]

The Benefits of Self-Disclosure in the DOJ Justice System [00:29:18]

The Role of the Board in Overseeing Third Parties in High-Risk Countries [00:33:14]

The Impact of Whistleblowers on the SEC [00:40:54]

White Castle’s Violation of Illinois Biometric Law [00:45:05]

Notable Quotes

1. The DOJ is urging a federal judge to sanction Google's parent, Alphabet, for its practice of setting employee chats to auto delete despite promising to preserve records."

2. "It goes to beyond the specifics of this law, something and you and I have talked about for several years now, that the compliance function and the CCO is well perhaps the most well-suited corporate discipline to deal with these new initiatives because it's the basic framework of compliance that you and I have worked with for 15 years."

3. "Most compliance programs just don't have good frameworks for things like AI or for big data even though we've been using that word for a long time."

Resources

Connect with Kristy Grant-Hart on LinkedIn

Spark Consulting

Connect with Tom Fox on Linkedin