This Week in FCPA-Episode 99

With Wells Fargo about to be fined $1 billion for behaving badly, Jay Rosen and myself take a look at some of the top compliance stories over the past week.

1. Wells Fargo expected to be fined $1 billion for variety of alleged misdeeds. Emily Flitter and Glenn Thrush report in the New York Times.
2. Michael Held, general counsel and executive vice president of the Legal Group at the Federal Reserve Bank of New York, talks about the 3 lines of defense. His remarks are found in the NYU Compliance and Enforcement Blog.
3. New Assistant DAG, Matthew Miner said in private practice he wants to give corporations more breaks on sentencing and cut back on Yates Memo. Will he continue to do so now that he is on the team? Adam Dobrik reports in GIR Investigative(sub req’d)
4. Engaging in bribery and corruption still doesn’t pay as Feds seek 40-month sentence for cooperating Florida telecom exec. Dick Cassin reports in the FCPA Blog.
5. If you lie to the DOJ and you are under a DPA, you are in big trouble, the ZTE experience. See Dick Cassin’s report in the FCPA Blog.
6. Yet another guilty plea in the PdVSA corruption case. This time it was Ceasar Rincon and it was for money-laundering. Henry Cutter reports on it in the Wall Street Journal, Risk and Compliance Journal. See DOJ Press Release. See also Rincon’s Indictment.
7. Will DPAs really work outside the US? Rick Messick explores in theGlobal Anti-Corruption Blog.
8. Tom announces presales of his next book, the Complete Compliance Handbook, which will be published by Compliance Week in April 2018. It is available for PreSale here.
9. The Everything Compliance gang is back in Episode 27 with a deep dive into Mark Zuckerberg’s Facebook testimony, the Michael Cohen subpoena and more. It is available on the FCPA Compliance Report, iTunes, Libsyn, YouTubeand JDSupra.
10. Tom will be presenting a webinar with Opus Global and Hiperos on the Convergence of ABC and GDPR, next Wednesday, April 25 at 11 AM EDT. The event is at no charge. For registration and additional information, click here. 

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