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Thomas Fox - Compliance Evangelist

Compliance into the Weeds: Settlement of OCC Charges for Wells Fargo Internal Auditors

The award-winning Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore a subject more fully. Are you looking for some...more

Thomas Fox - Compliance Evangelist

Daily Compliance News: April 29, 2025, The GenZ/RTO Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy morning coffee, and listen to the Daily Compliance News. All, from the...more

Akin Gump Strauss Hauer & Feld LLP

Federal Agency Settlements with Wells Fargo Illustrate Sanctions Risks Involving IT Systems

Key Points - On March 30, 2023, OFAC announced a settlement agreement with Wells Fargo for 124 apparent violations of three different sanctions programs (Iran, Syria and Sudan), all related to a legacy Wachovia Bank...more

The Volkov Law Group

Wells Fargo Fumbles Sanctions Compliance Demonstrating An Absence of Culture of Compliance (Part II of II)

The Volkov Law Group on

Not that I am a glutton for punishment, but I always find enforcement actions to supply a number of valuable lessons learned. There are always instructive nuggets of information, opportunities missed, and root causes that...more

White and Williams LLP

A Changing Climate: the Rising Tide of ESG Liability and Implications for D&O Coverage

The latest legal buzzword, ESG, represents the environmental, social and governance factors that many corporations are now required to consider and disclose alongside traditional financial information such as operating...more

Thomas Fox - Compliance Evangelist

Daily Compliance News: September 24, 2020-the Wells Fargo CEO steps in it edition

In today’s edition of Daily Compliance News: 1. Jay Clayton craters. (Reuters) 2. Wells Fargo CEO steps in it (again) Imagine that. (WSJ) 3. Hollywood still doesn’t get it. (WaPo) 4. First Aunt Jemimah, now Uncle Ben’s...more

Thomas Fox - Compliance Evangelist

Daily Compliance News: September 24, 2020-the Wells Fargo CEO steps in it edition

In today’s edition of Daily Compliance News: 1. Jay Clayton craters. (Reuters) 2. Wells Fargo CEO steps in it (again) Imagine that. (WSJ) 3. Hollywood still doesn’t get it. (WaPo) 4. First Aunt Jemimah, now Uncle Ben’s...more

Thomas Fox - Compliance Evangelist

Compliance into the Weeds: Wells WAC-O Spending

Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode Matt Kelly and Tom Fox consider the...more

The Volkov Law Group

Episode 127 -- Deep Dive into the OCC Enforcement Action Against Wells Fargo CEO and Senior Executives

The Volkov Law Group on

In a comprehensive enforcement action, the Office of the Comptroller of Currency (OCC) announced a $17.5 million settlement with former Wells Fargo Bank CEO John Stumpf for his role in the sales practices misconduct scandal....more

Thomas Fox - Compliance Evangelist

Daily Compliance News: August 5, 2019, the Wells Fargo sick of being taken advantage of edition

In today’s edition of Daily Compliance News: Wells Fargo sick of being taken advantage of by vendors. (Dealbreaker) What is a conflict of interest? When a charity directs its members to a top donor. (NYT) US Soccer continues...more

Thomas Fox - Compliance Evangelist

Compliance into the Weeds: Episode 117-Wells Fargo Update

Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode, Matt Kelly (the coolest guy in...more

Thomas Fox - Compliance Evangelist

Day 1 of One Month to Better Investigations and Reporting-Introduction to Investigations and Internal Reporting

The call, email or tip comes into your office; an employee reports suspicious activity somewhere across the globe. That activity might well turn into a Foreign Corrupt Practices Act (FCPA) issue for your company. As the Chief...more

Thomas Fox - Compliance Evangelist

Compliance Lessons for Executive Leadership from The Wells Fargo Investigation Report

Compliance lessons from truly one of the most damning reports of complete corporate failures around ethics and culture that has recently been seen....more

Thomas Fox - Compliance Evangelist

Day 10 Of One Month to Better Compliance through HR-Sales Incentives and Compliance

In the Department of Justice’s Evaluation of Corporate Compliance Programs, Prong 8 Incentive and Disciplinary Measures it states: Incentive System –How has the company considered the potential negative compliance...more

JD Supra Perspectives

Focus On Enabling Your People, Not Controlling Them, To Create an Effective Compliance Culture

JD Supra Perspectives on

When employees of all levels believe in and support policies and standards, that’s when you see real compliance. In-house perspective from NetApp GC, Matt Fawcett....more

Thomas Fox - Compliance Evangelist

FCPA Compliance Report-Episode 284, Mike Scher

In this episode, I visit with Mike Scher on our upcoming panel at the FCPA Blog NYC Conference on Oct. 26th. We preview our panel by looking at the compliance response to the Wells Fargo scandal in the context of whom does...more

The Volkov Law Group

Who is Responsible for a Company’s Mood in the Middle? – the Wells Fargo Fiasco

The Volkov Law Group on

Wells Fargo’s cultural tone is not easily segregated between “top,” “middle” and “bottom.” Despite the recent cross-selling scandal, in which the CFPB led an enforcement action whose fines total a whopping $185 million,...more

Thomas Fox - Compliance Evangelist

This Week in FCPA-Epiode 23, the Wells Fargo edition

In this week's episode, Jay Rosen and I discuss the following: Show notes for this week’s edition: 1. Tom's week long series on Well’s Fargo scandal. 2. Christina Muehl’s two part series on Corruption, Crime and...more

Thomas Fox - Compliance Evangelist

Wells Fargo Week, Part III-the Bank Knew All Along

You know it is going to be a very bad day when, as a company’s Chief Executive Officer (CEO), you receive a letter asking the following, “Specifically, the committee should thoroughly examine this issue, including: How it is...more

Thomas Fox - Compliance Evangelist

Wells Fargo Week: Part I – Who’s Afraid of Virginia Woolf or What is Risk?

Edward Albee died last week. To my mind he was right up there with Arthur Miller and August Wilson as one of America’s greatest playwrights of the second half of the 20th century. His works were known, as noted in his New...more

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