This Week in FCPA-Episode 164, week ending July 26, 2019 – the Microsoft and Facebook settle edition

Thomas Fox
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While Facebook announces a settlement with the FTC and Microsoft settles an outstanding FCPA enforcement action, Tom and Jay return to discuss both events, and some of this week’s other top compliance and ethics stories which caught their collective eyes.

1. Facebook settles with the FTC for $5bn. Does it matter? Mike Issac and Natasha Singer in the NYT. Kevin LaCroix on why data privacy is such a high corporate risk. SEC piles on with another $100MM.

2. Microsoft settles FCPA See more +

While Facebook announces a settlement with the FTC and Microsoft settles an outstanding FCPA enforcement action, Tom and Jay return to discuss both events, and some of this week’s other top compliance and ethics stories which caught their collective eyes.

1. Facebook settles with the FTC for $5bn. Does it matter? Mike Issac and Natasha Singer in the NYT. Kevin LaCroix on why data privacy is such a high corporate risk. SEC piles on with another $100MM.

2. Microsoft settles FCPA enforcement action for $25MM.

3. Can an ethical culture be measured? Vera Cherepanova says yes.

4. What is a ‘pulse check’ for compliance? Mary Shirely explains.

5. What is the intersection of FCPA enforcement and suspension and debarment? Jay explains.

6. What are the 5 compllance takeaways from the Walmart FCPA enforcement action? Jaclyn Jaeger weighs in. (sub req’d)

7. Is Santa Claus real? Jonathan Rusch on the Chinese anti-corruption efforts around Belt and Road.

8. Are there too many cooks in the FCPA enforcement kitchen? Helen Jiang says no.

9. Trade sanction fines hit all-time high. Mengqi Sun reports.

10. The week’s notable milestone-Mike Volkov celebrates his 100th anniversary show.

11. This week Tom had a special 5-part podcast series sponsored by AMI on the use of monitors by State AGs, with Jerry Coyne. Check out the following: Part 1-Introduction to the Role of State AGs; Part 2-Big Tobacco litigation; Part 3- Litigation in the post-tobacco era; Part 4-Current Multistate litigation challenges; Part 5-the Road Ahead. The podcast is available on multiple sites: the FCPA Compliance Report, iTunes, JDSupra, Megaphone, YouTube, Spotify and Corporate Compliance Insights. The Compliance Podcast Network joins C-Suite Radio.

Tom Fox is the Compliance Evangelist and can be reached at tfox@tfoxlaw.com. Jay Rosen is Mr. Monitor and can be reached at jrosen@affiliatedmonitors.com.

For more information on how an independent monitor can help improve your company’s ethics and compliance program, visit our sponsor Affiliated Monitors at www.affiliatedmonitors.com.

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