Search results for: "President Trump"
Boeing, Trade Wars, and Disclosures
Earlier this week we saw news that China has told local airlines there to stop taking delivery of Boeing airplanes, Beijing’s latest retaliatory move against President Trump’s tariffs. That gives us opportunity to consider the potential implications for financial reporting and risk disclosure — implications that might snare more companies as the trade war drags…
Read MoreFCPA Probe Into Digicel Closed
The Justice Department has closed an FCPA investigation in a Caribbean telecommunications business, the second such closure since President Trump ordered a pause on all FCPA enforcement two months ago. The company in question is Digicel, headquartered in Jamaica and offering a range of mobile phone and internet services across the Caribbean. Digicel had first…
Read MoreDOJ Monitorship Policy Disappears
The Justice Department has pulled down its policy statement on when compliance monitors will be assigned as part of corporate misconduct resolutions, which seems as good a reason as any to catch up on all the news swirling around compliance monitorships these days. The Justice Department had previously posted its policy on monitorships on the…
Read MoreNews Flash: Regulatory Climate a Total Mess
Research firm Gartner has published a report documenting what most compliance officers have probably known for a while now: the bonkers regulatory environment these days is driving you all nuts. Gartner released today its Quarterly Emerging Risk Report, with findings based on a survey of 266 senior risk assurance executives. The “unsettled regulatory and legal…
Read MoreSo Much Anti-Corruption Compliance News!
We’ve seen a flurry of news in anti-corruption compliance this week — and while not all of it is bad, nor does it mean an end to corporate ethics and compliance, lots of it is rather disheartening. Let’s take a look and try to make sense of things. First is news from the Securities and…
Read MoreThe Integrity Signal Through the Noise
Another week, another example from the Trump Administration of how not to run an organization if you have even a passing awareness of integrity, compliance, and common sense — none of which seem present in this pack of bumblers running the country. Our example is, of course, the Signal debacle. We presume that by now…
Read MoreEurope Forms Anti-Corruption Enforcement Team
Stay on your toes, compliance officers! Britain, France, and Switzerland have announced the launch of a new anti-corruption taskforce, meant to keep up the pressure against corporate bribery and corruption even as the Trump Administration retreats from it. The leaders of the U.K. Serious Fraud Office, the Parquet National Financier in France, and the Office…
Read MoreTwo Examples of Compliance Issues in Trump 2.0
Today we have two more examples of what ethics and compliance in the Trump 2.0 era might look like: one demonstrating the need for compliance capabilities right now, the other suggesting the ethics and integrity pressures companies could face in the future — and both worth compliance professionals’ attention, because folks, this stuff is coming.…
Read MoreFCPA and ‘Under Pressure From the President’
One of the great puzzles (to me, at least) about President Trump’s pause of FCPA enforcement was why he might want to allow U.S. companies to engage in corruption with foreign government officials. Now we can conduct a useful thought experiment, courtesy of the news that BlackRock is buying two ports that control access to…
Read MoreWhy Strong Compliance Still Matters So Much
Earlier this week I had the good fortune to attend a panel discussion here in Boston of compliance officers talking about how their approach to compliance might change thanks to the arrival of the Trump Administration. As I suspected, all of them said their approach really hasn’t changed at all — and they weren’t sure…
Read More