Podcasts about Unaoil

On today's show, I'll spend the hour with filmmaker and three time Emmy winner Peter Klein discussing his latest documentary entitled, “Bribe, Inc.” which opens on May 3 at the Elmwood Rialto Cinemas in Berkeley. More About Bribe, Inc.: In the shadows of the global oil industry, a company with a jet-set lifestyle and greasy palms operates with total impunity – until a whistleblower named “Figaro” reached out to Australian journalist Nick MacKenzie with enough insider intel to take them down. Bribe, Inc. takes us on a documentary journey in which a team of award-winning reporters investigate the Ahsani family, who run a company called Unaoil from the tiny principality of Monaco. Unaoil reached across the globe to pay multi-million dollar bribes in oil rich states. The beneficiaries of these ill-gotten gains include some of the biggest companies in Europe, North America and Australia. The files that Nick obtained from “Figaro” turn out to be the biggest exposé of bribery and corruption in modern history. The information they uncovered was enough to launch investigations across a dozen countries, and put the Ahsanis in the crosshairs of some of the most powerful law enforcement agencies in the world, including the American FBI and the British Serious Fraud Office. Nick and “Figaro” follow the money and chase down the criminals – a manhunt spanning the globe from Iraq to Monaco, Rome, London, Australia, and the US. As the criminals at the centre of this case begin facing the courtroom, the question remains – will there ever be justice for the world's biggest bribery scheme? The post Peter Klein's Bribe, Inc. appeared first on KPFA.

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 a cup of morning coffee and listen to the Daily Compliance News. All from the Compliance Podcast Network. Each day, we consider four stories from the business world: compliance, ethics, risk management, leadership, or general interest for the compliance professional. In today's edition of Daily Compliance News: PCAOB adopts tighter rules on auditor quality.   (WSJ) Did DOJ steal Unaoil prosecution from SFO.  (Economist) Is the NLRB unconstitutional?  (Reuters) The US needs more accountants. (FT) For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here. Learn more about your ad choices. Visit megaphone.fm/adchoices

Listen to the riveting first-hand story of a Unaoil executive who found himself at the center of a bribery scheme.

Good Morning Monaco FRIDAY JULY 22, 2022 published by NEWS.MC Subscribe to our daily email newsletter Monkeypox has made its way to Monaco A first case of monkeypox has been discovered in the Principality, Dr Olivia Keïta-Perse, head of the epidemiology and hygiene department at the Princess Grace Hospital said on Thursday evening... Another SFO conviction overturned as Ahsanis await sentences London's Court of Appeal on Thursday quashed a third conviction in the long-running Unaoil case, which turned on how oil contracts were secured in post-occupation Iraq involving Monaco-based Unaoil, run by the Ahsani family... French commission rubber stamps border enabling law A mixed commission of seven French senators and seven deputies has approved enabling regulations for the reintroduction of coronavirus frontier controls if and when the government wishes to introduce them... DULY NOTED: Right-wing parties that have been sympathetic to Putin in the past are poised to do well in autumn elections due in Italy, following the collapse of the Draghi government. * Smoke from the fires in the Gironde region of south-west France has reached Paris. The government is sending more fire-fighting aircraft. Copyright © 2020 NEWS SARL. All rights reserved. North East West South (NEWS) SARL. RCI: 20S08518 - NIS: 6312Z21974 --- Send in a voice message: https://anchor.fm/monacodailynews/message

In today's edition of Daily Compliance News: ·      Year and a day for convicted Varsity Blues defendant.  (Reuters) ·      UK launches probe of SFO over Unaoil prosecutions.   (WSJ) ·      Why you need to vet your ABC training. (NYT) ·      Brené Brown returns to Spotify. (NYT) Learn more about your ad choices. Visit megaphone.fm/adchoices

In today's edition of Daily Compliance News: ·       Another appeal of Unaoil conviction. (WSJ) ·       Trump International Hotel epicenter of massive corruption. (Insider) ·       Wyoming top state for tax havens. (WaPo) ·       Hacking for insider trading tips. (Reuters) Learn more about your ad choices. Visit megaphone.fm/adchoices

Amongst the millions of documents released in the ‘Pandora Papers' leak of offshore financial information are a number of documents that one British Iranian family business would rather have remained hidden. In this investigation Assignment follows the trail of millions of dollars tainted by bribery and corruption. Piecing together key documents from the leak reveals how earnings from Unaoil – a company involved in winning oil and gas contracts through bribery in the Middle East - were invested into UK property. Why does the UK remain a go-to destination for some of the world's most tainted money? And why does it take a leak for the truth to be revealed about who's really invested in some of the country's prime property? Reporter: Felicity Hannah Producer: Anna Meisel and Kate West Editor: Gail Champion (Image: Pandora Papers illustration. Credit: BBC)

Amongst the millions of documents released in the ‘Pandora Papers' leak of offshore financial information are a number of documents that one family business would rather have remained hidden. Together with The Guardian newspaper, File on 4 follows the trail of millions of pounds tainted by bribery and corruption. Piecing together key documents from the leak reveals how earnings from Unaoil – a company involved in the ‘world's biggest bribery scandal' - were invested into UK property on high streets as far apart as London and Aberdeen, Reading and the North East. Why does the UK remain a go-to destination for some of the world's most tainted money? And why does it take a leak for the truth to be revealed about who's really invested in some of the country's prime property? The Pandora Papers is an investigation led by the International Consortium of Investigative Journalists. The documents have been shared with the Guardian, the BBC and other media partners around the world. Further reporting on other stories arising from the Pandora Papers leak are available online: https://www.bbc.co.uk/news/world-58780561 Reporter: Felicity Hannah Producer: Anna Meisel Additional Production: Kate West Editor: Gail Champion

Listen to the riveting first-hand story of a Unaoil executive who found himself at the center of a bribery scheme.

Good Morning Monaco Tuesday, June 22, 2021 published by NEWS.MC Subscribe to our daily email newsletter Unaoil executive ordered to pay £400,000 A former senior executive of Monaco-based oil and gas consultancy Unaoil, who was sentenced to jail over a bribery plot in post-occupation Iraq, has been ordered to pay 402,466 pounds ($560,000) by a London judge. Michel Dotta steps down from presidency After 22 years, Michel Dotta has decided to step down as president of the Monaco real estate chamber, having forewarned his colleagues three years ago that he would not continue in the role. One new coronavirus case, three recoveries in Monaco One Monaco resident tested positive for coronavirus on Monday, June 21, while two others were declared fully-recovered. Fête de la Mer returns to Monaco The Principality will once again celebrate the patron saint of fishermen, Saint Pierre, and the Fête de la Mer on Saturday, June 26. Stade Louis II sees Ireland make history All eyes were on Stade Louis II on Sunday, June 20, as the World Rugby Sevens Repechage drew to a suspenseful close. Copyright © 2020 NEWS SARL. All rights reserved. North East West South (NEWS) SARL. RCI: 20S08518 - NIS: 6312Z21974 --- Send in a voice message: https://anchor.fm/monacodailynews/message

Welcome to the only roundtable podcast in compliance. Today, we have the full quintet of Jonathan Armstrong, Jay Rosen, Matt Kelly, Jonathan Marks and Mike Volkov for a potpourri of discussions and ending with a veritable mélange of rants and shouts outs.     Jonathan Armstrong critiques the recent SFO conviction of two former Unaoil employees and the controversary the SFO and its Director, Lisa Osofsky now find themselves in regarding their conduct. Armstrong shouts out to the West Indies cricket team for traveling to the UK to play at Lord’s. Jay Rosen considers telemedicine in the time of Covid-19. What does it mean for the practice of medicine? What are the compliance issues involved? Jay rants about the Trump Administration targeting surveillance on journalist in Portland and across the country. Matt Kelly looks at two recent US domestic corruption cases; one in Illinois involving ComEd and one in Ohio involving the Speaker of the Ohio House of Representatives. Matt shouts out to Rebecca Jones the former Florida state employee who left the government to start her own public record of Covid-19 in Florida when the state quit reporting on it. Mike Volkov looks at two recent OFAC enforcement actions. One involved Amazon and defective tracing software. The second Essentra, doing business with North Korea and shell companies. He draws out the lessons learned from both cases. He shouts out to podcasters and the podcasting community for getting their messages out. Jonathan Marks considers parallels he has observed in the development of the compliance profession from those he lived through in the Internal Audit world after Enron and WorldCom. He shouts out to the IIA for beginning the discussion to reconfigure its 3 Lines of Defense but chides them for not going far enough. Tom Fox rants about those attacking fellow Buffalo Wing addicts.  The members of the Everything Compliance are: Jay Rosen– Jay is Vice President, Business Development Corporate Monitoring at Affiliated Monitors. Rosen can be reached at JRosen@affiliatedmonitors.com Mike Volkov – One of the top FCPA commentators and practitioners around and the Chief Executive Officer of The Volkov Law Group, LLC. Volkov can be reached at mvolkov@volkovlawgroup.com Matt Kelly – Founder and CEO of Radical Compliance. Kelly can be reached at mkelly@radicalcompliance.com Jonathan Armstrong –is our UK colleague, who is an experienced data privacy/data protection lawyer with Cordery in London. Armstrong can be reached at armstrong@corderycompliance.com Jonathan Marks is Partner, Firm Practice Leader - Global Forensic, Compliance & Integrity Services at Baker Tilly. Marks can be reached at marks@bakertilly.com The host and producer (and sometime panelist) of Everything Compliance is Tom Fox the Compliance Evangelist. Everything Compliance is a part of the Compliance Podcast Network. He can be reached at tfox@tfoxlaw.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Unaoil bribery trial of former executives holds uncomfortable lessons for UK’s Serious Fraud Office by MLex Market Insight

In today’s edition of Daily Compliance News: Is exec comp obscene?(Houston Chronicle) A roadmap for Google? (NYT) Two former Unaoil execs convicted in UK. (WSJ) Corruption crisis puts Bulgarian leader on the ropes. (Politico) Learn more about your ad choices. Visit megaphone.fm/adchoices

In today’s edition of Daily Compliance News: Pakistan accuses China of corruption in belts and roads project. (TimeOfIndia) Softbank founder Masa Son compares himself to Jesus. (NYT) Malaysia PM said he had nothing to do with dropping 1MDB case against former PM’s stepson. (Straitstimes) SFO closes probe into ABB over Unaoil. (WSJ) Learn more about your ad choices. Visit megaphone.fm/adchoices

In today’s edition of Daily Compliance News: Petrofac identified as Unaoil client and under SFO investigation. (The Guardian) Uber license not renewed in London. (NYT) Feds charge former executives of startup Outcome Health with fraud. (WSJ) Alstom’s UK sub ordered to pay $21.2MM for corruption in Tunisia. (WSJ) Learn more about your ad choices. Visit megaphone.fm/adchoices

In an international podcast, Tom rings in from São Paulo Brazil where he has been speaking and training to hear Jay mourn the Patriots first loss of the season. They then reflect on some other of this week’s top compliance and ethics stories which caught their collective eyes.  1.     The Hoskins trial goes to the jury. Dylan Tokar and Clara Hudson report. 2.     What are the implications from the Unaoil guility pleas? Tom takes deep dive and Mike Volkov provides his always insightful former DOJ prosecutor perspective.  3.     Will the Supreme Court do away with profit disgorgement? 4.     CCI starts a great new section, New Voices focusing on the young Compliance Professional. The first piece is by Margarita Derelanko.  5.     Management repution risk does not have a start or end date. Jonathan Marks explains.  6.     More fallout from the Connelly decision. Frederick Davis.  7.     Planning a post acquisition integration. Jay explores. 8.     Spain brings a corruption prosecution. Jonathan Rusch.   9.     New DOJ taskforce on procurement fraud. Matt Kelly delivers sharp thinking.  10.  What about the other FCPA trial going on? Matt Bernardi reports. 11.  Tom and Ronnie Feldman celebrated Corporate Compliance and Ethics week with a 5-pasrt series of podcasts on creative things you can do to communicate compliance; all on their Creativity and Compliance Podcast on the CPN. Check out the following lineup: Monday-the Petting Zoo;  Tuesday-Talk Shows; Wednesday-Contests and Games; Thursday-Keynotes and Speakers; Friday –Going Forward.  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.  Learn more about your ad choices. Visit megaphone.fm/adchoices

As Tom recovers from the Astros loss to the Washington Nationals, two huge stories break, Unaoil guilty pleas and Jho Low agrees to forfeiture. He and Jay review them and reflect on some other of this week’s top compliance and ethics stories which caught their collective eyes.  1.     The Hoskins trial begins. Dylan Tokar reports. Law360 has two reports. 2.     Jho Low agrees to forfeit all goods claimed by in US in its civil forfeiture actions. Byron Tau and Aruna Viswanathan report.  3.     Is the DFS about to bring the hammer down on cyber breaches? Davis Polk lawyers in NYU’s Compliance and Enforcement blog.  4.     What are the stakes for corporate wrongdoers? Dan Portnoy. 5.     Unaoil CEO and COO, plus head of BD all plead guilty as pleas unsealed. Dick Cassin breaks the story.   6.     Mattel announces material controls weakness. Jaclyn Jaeger reports.   7.     Should a merger partner be an ethical fit? Jay explores in his continuing series. 8.     What will the Crown Prosecution Service review of the SFO mean going forward? Sam Tate and Charlotte Thompson explain.  9.     Quid Pro Quo-a Primer. Rick Messick.  10.  What are 5 steps you can engage in to improve BOD monitoring of compliance. Mike Volkov explains.  11.     Tom had a great group of top-notch podcasts, this week on the CPN. Check out the following lineup: FCPA Compliance Report- Steven Lofchie on the Cadwalader Cabinet;  Innovation in Compliance-Thinkeen Law, a law firm that focuses on data and compliance; #GWIC with Part 1 of a 2-part podcast with Michelle Shapiro; 12 O’Clock High– Branding lessons from Count Dracula; Popcorn and Compliance-Jay and Tom consider the compliance angles from Star Trek II-The Wrath of Khan, Sunday Book Review-four books from the UNC Press. The podcasts are available on multiple sites: the FCPA Compliance Report, iTunes, JDSupra, Megaphone, YouTube,  Spotify and the Compliance Podcast Network. 12.     Check in next week where Ronnie Feldman and I have a 5-part podcast series on Creativity and Compliance celebrating Compliance Week 2019.  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.  Learn more about your ad choices. Visit megaphone.fm/adchoices

 In today’s edition of Daily Compliance News: Hoskins goes to trial. (WSJ) John Wood Group may be in deep trouble over use of Unaoil. (Sunday Post) Boeing’s CEO knew about pilot’s warning before 2nd (NYT) Did PG&E lines start the Sonoma Fire? (Washington Post) Learn more about your ad choices. Visit megaphone.fm/adchoices

Listen to the riveting first-hand story of a Unaoil executive who found himself at the center of a bribery scheme.

Nick McKenzie tells the exciting story of his role in the investigation into Unaoil.

  The dog days of summer are on the horizon and the Houston Astros lead the major leagues in winning percentage. Coincidence that the US pulls out of the Paris Climate Accords the same week the Astros are playing .700 baseball? The top four commentators in compliance return to talk about what is one their summer radar for consideration. This episode concludes with the panelists’ rants.  Matt Kelly opens with a discussion of the revisions to the COSO ERM Framework, which were based on comments by practitioners. Matt considers the integration of the COSO ERM Framework into functional business units moving to operationalize ERM in organizations and we consider how the ERM Framework differs yet is complimentary to the COSO Internal Controls Framework.  For Matt Kelly’s posts on the COSO ERM Framework, see the following: More Details on COSO ERM Framework Update to COSO ERM Framework Update ERM Framework: Govt. Calls for Unity More Clues on Draft ERM Framework Draft ERM Framework is Here: How to Get Started  Mike Volkov examines the FinCen enforcement action involving Thomas Haider, the former CCO at MoneyGram. Mike considers the implications for CCOs and whether the case even matters for CCOs.  For Mike Volkov’s post see on the Haidar enforcement action, see the following:              MoneyGram CCO Pays Civil Penalty Jonathan Armstrong reviews the recently released information that both Wood Group/AMEC are under the SFO concerning its Unaoil investigation. He explores some of the following questions: What should companies be doing around Unaoil? What happens if you discover a merger candidate is under investigation or in the case of AMEC, self-disclose they are under investigation. What does it mean if the acquiring entity rather than the target is under investigation? Finally, Armstrong handicaps the upcoming UK election and what it might mean for compliance.  For Cordery Compliance's Client Alert see the following:          Bribery Due Diligence Jay Rosen brings his Mr. Monitorship hat and former Mr. Translations eye to the question of operationalizing your compliance program. He considers how the compliance function can work with other corporate functions to embed compliance into the fabric of an organization, concluding with by doing so a compliance function could become a competitive advantage for a business.  For Jay Rosen’s posts see the following:   Compliance as a Competitive Advantage For Tom Fox’s posts on operationalization of compliance see the following:  Operationalizing Compliance, starting with Pizza Operationalizing Compliance by Overcoming Obstacles Operationalizing Compliance through Human Resources Operationalizing Compliance through the Controller’s Office Operationalizing Compliance through Internal Audit   The members of the Everything Compliance panel include: Jay Rosen– Jay is Vice President, Business Development Corporate Monitoring at Affiliated Monitors. Rosen can be reached at JRosen@affiliatedmonitors.com Mike Volkov – One of the top FCPA commentators and practitioners around and the Chief Executive Officer of The Volkov Law Group, LLC. Volkov can be reached at mvolkov@volkovlawgroup.com. Matt Kelly – Founder and CEO of Radical Compliance, is the former Editor of Compliance Week. Kelly can be reached at mkelly@radicalcompliance.com Jonathan Armstrong – Rounding out the panel is our UK colleague, who is an experienced lawyer with Cordery in London. Armstrong can be reached at armstrong@corderycompliance.com Learn more about your ad choices. Visit megaphone.fm/adchoices

This week, Jay and I have a wide-ranging discussion on some of the week’s top compliance related stories. We discuss:  Brazilian meatpacker JBS agrees to the largest fine ever for fine for bribery and corruption, $3.2bn in Brazil. See article in the Wall Street Journal. Samuel Mebiame, sentenced to two years behind bars for paying bribes to help Och-Ziff with lucrative mining deals in Africa. See article by Sam Rubenfeld in WSJ Risk and Compliance Journal. Judge asks why no one else was criminally prosecuted. See article in Bloomberg. Both acquirer and target are under SFO investigation in Wood Group/AMEC merger for their use of Unaoil. See articles in This is Moneyand The Telegraph.  Compliance is making its way into Boards of Directors. See article by Ben DiPietro in the WSJ Risk and Compliance Journal. Did Jared Kushner violate the FCPA? Matthew Stephenson explores this question on the Global Anti-Corruption Blog. Jay previews his weekend report. Tom continues to talk about the release of his new book 2016 – The Year in Corporate FCPA Enforcement. For more information and to purchase, click here. Learn more about your ad choices. Visit megaphone.fm/adchoices

This week, Jay and I have a wide-ranging discussion on some of the week’s top compliance related stories. We discuss:  Brazilian meatpacker JBS agrees to the largest fine ever for fine for bribery and corruption, $3.2bn in Brazil. See article in the  Wall Street Journal.Samuel Mebiame, sentenced to two years behind bars for paying bribes to help Och-Ziff with lucrative mining deals in Africa. See article by Sam Rubenfeld in WSJ  Risk and Compliance Journal. Judge asks why no one else was criminally prosecuted. See article in  Bloomberg.Both acquirer and target are under SFO investigation in Wood Group/AMEC merger for their use of Unaoil. See articles in This is Moneyand The Telegraph. Compliance is making its way into Boards of Directors. See article by Ben DiPietro in the WSJ  Risk and Compliance Journal.Did Jared Kushner violate the FCPA? Matthew Stephenson explores this question on the  Global Anti-Corruption Blog.Jay previews his weekend report.Tom continues to talk about the release of his new book 2016 – The Year in Corporate FCPA Enforcement. For more information and to purchase, click  here. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Jay and I have a wide-ranging discussion on some of the week’s top compliance related stories. We discuss: Trump’s First 100 days end with a decided wimper. What does it mean for compliance? Novartis gets into corruption trouble in South Korea. See article in FCPA Blog. Shell and ENI are in a big corruption mess in Nigeria. See Tom’s article in the FCPA Blog. United Airlines tries to clean up its act. See articles in the New York Times and Wall Street Journal. Jay reports on the ECI conference and tells us what’s in his coloring book. Tom details his speaking engagements in May. For details and registration information click here. KBR under investigation by UK SFO for allegations around the company’s use of Unaoil. See article in the Wall Street Journal. Listeners to this podcast can received a discount to Compliance Week 2017. Go to registrationand enter discount code CW17TOMFOX. Jay previews his weekend post, which is now up, "It Was the Best of Times, It Was the Worst of Times" or "Ignorance is Strength" Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Jay and I have a wide-ranging discussion on some of the week’s top compliance related stories. We discuss: Trump’s First 100 days end with a decided wimper. What does it mean for compliance?Novartis gets into corruption trouble in South Korea. See article in  FCPA Blog.Shell and ENI are in a big corruption mess in Nigeria. See Tom’s article in the  FCPA Blog.United Airlines tries to clean up its act. See articles in the  New York Times and Wall Street Journal.Jay reports on the ECI conference and tells us what’s in his coloring book.Tom details his speaking engagements in May. For details and registration information click  here.KBR under investigation by UK SFO for allegations around the company’s use of Unaoil. See article in the  Wall Street Journal.Listeners to this podcast can received a discount to Compliance Week 2017. Go to registrationand enter discount code CW17TOMFOX.Jay previews his weekend post, which is now up, "It Was the Best of Times, It Was the Worst of Times" or "Ignorance is Strength" Learn more about your ad choices. Visit megaphone.fm/adchoices

What is satisfactory due diligence under the Foreign Corrupt Practices Act (FCPA)? That question seems to be more important after story on Unaoil and the subsequent release of the Panama Papers. However, both of these events largely focused on the “who” part of due diligence and the need to know whom you are doing business with going forward. However there is another important question which does not come up as often in due diligence, which is how?  How does a particular third party perform its services with or for your company? If it is on the sales side of things, how can a third party help you make sales? If a third party comes through the Supply Chain, how do their products or services meet the needs of your company? If the third party has a closer business relationship, such as a joint venture (JV), teaming agreement or other similar arrangement, you may well need a much deeper understand of how this third party does business because the relationship may well become so close you will be intertwined with the party. It may mean more than simply does their how product work but how does this third party conduct themselves and their business?  The questions beyond simply who were made clear in a Wall Street Journal (WSJ) article by Christopher Weaver and John Carreyrou, entitled “Deal With Theranos Haunts Walgreens”. It turns out that Walgreens left a gap by “never fully validating the startup’s technology or thoroughly evaluating its capabilities”. The clear message is if you are going to partner with a technology company which is going to change your business model, you best make sure the technology works. Moreover, if a potential JV partner refuses to show you its technology, how it keeps records, its financials relating to the products and services you are contracting for and generally tries to hide from you the very thing you are buying into; you should not walk but run away from the deal.  This article detailed the lack of steps and miss-steps by Walgreens when entering its partnership with Theranos and how these actions caused Walgreens to consider its $50MM investment in Theranos as something it will never recoup, caused Walgreens reputational damage and potentially subjected it to civil liability. As the reporters noted, “The relationship is now in tatters, making Walgreens an extreme case study of what can go wrong when an established company that craves growth decides to gamble on an exciting and unproven startup.”  One might think that if you are investing in a technology company that provides medical testing, the investor would want to see the laboratory where the testing is performed. It turns out that Walgreens representatives were never allowed to tour, let alone review the labs where the results of Theranos pinprick blood tests were run. A Walgreens consultant, Paul Rust, who was sent to Theranos to do a quality control data review said, “It was a very strange situation. The results were actually really good, but I was never allowed to go into the lab. I have no idea that the results I saw were run on the Edison devices or not.” He went on to say that he was “led to believe that they were being run on the Edison.” Yet even Rust was surprised no Walgreens representatives had been allowed to view Theranos labs.  Interestingly, when Theranos did provide the test results to Walgreens representatives, the results came back with ““low” and “high” values rather than numeric values. As a result, Walgreens couldn’t compare results from the Theranos machine to any commercially available tests.” Once again, this was something which Walgreens should be sought additional information on.  Yet even when Walgreens’ consultants, assisting the company in evaluating Theranos and the proposed transaction, voiced and wrote up their concerns, they were not passed along to Walgreens management. The article reported, “In a report later in 2011, the consultants concluded Walgreens needed more information to assess the partnership. Those findings and reports by other consultants were kept from many Walgreens officials, including some directly involved in the negotiations with Theranos.” Walgreens made another classic mistake in the due diligence process; they took comfort when a competitor was allegedly considering a similar venture with Theranos. The article said, “Some executives were comforted when Theranos said Safeway Inc. had agreed to host blood-drawing sites at some of its supermarkets. If Safeway trusted Theranos, then Walgreens could, too, the Walgreens officials believed.” How often have your heard that some other company is considering or has approved them through due diligence and a decision was based on the alleged actions of an alleged party.  Walgreens hamstrung itself from managing the relationship after the contract was signed by agreeing to contract terms that prevented Walgreens from auditing or even viewing “Theranos clinical data or financial records”. Finally, and perhaps most damagingly, there was a complete lack of communications between the two companies about the issues that have bedeviled Theranos. The article concluded,  “Walgreens shelved the expansion plans after the Journal reported in October that Theranos did the vast majority of tests it offered to consumers on traditional lab machines. The Journal also reported that some former employees doubted the accuracy of a small number of tests run on Edison devices. One of the most recent setbacks came in mid-April when the Journal reported that regulators had 3½ weeks earlier proposed banning Ms. Holmes from the lab-testing industry. The drugstore chain’s senior executives found out from the news report.”  Under the FCPA, most companies understand the need to know with whom they contract for sales or vendor services. They also understand the need to know why they should do business with a proposed third party (IE., a business justification). However the need to perform an investigation into how the third party can actually deliver the contracted services is equally important. The Walgreens imbroglio around Theranos points out why such clauses are mandatory. If you do not have them, you do not have the ability verify what you may or may not have been told in due diligence. Finally, managing the relationship after the contract is signed is where the rubber hits the road. If you only obtain a due diligence report and insert compliance terms and conditions, you will have done nothing to test whether the third party is performing as it has agreed to under the terms of the contract.  Three Key Takeaways The how question can be as critical as the who question. The more integrated a third party is into your operations the more important this question becomes. Incorporate a how question into not only your due diligence but also your ongoing monitoring and auditing, after the contract is signed.  This month’s podcast series is sponsored by Opus. Opus helps free your business from the complexity and uncertainty of managing the risks associated with your customers, vendors, and third parties. By combining the most innovative Third-Party Risk Management and Know Your Customer Compliance SaaS platforms with unparalleled data solutions, Opus turns information into action so your business can thrive. Opus solutions include Hiperos 3PM accelerator, the leading platform for third party risk management. To learn more, go to www.opus.com.   Learn more about your ad choices. Visit megaphone.fm/adchoices

Show Notes for Episode 1 At the SCCE 2016 Compliance and Ethics Institute, I sat down with four of the top compliance commentators in the field for my first roundtable-style podcast. It was so successful that I persuaded the gang to come back together every couple of weeks for a formal podcast, which is entitled Everything Compliance. The premier episode is available for your listening pleasure today. I will post a new episode every two weeks. I host these four well-known compliance practitioners and commentators: Jay Rosen (Mr. Translations) - Jay is Vice President of Legal & Corporate Language Solutions at United Language Group. Rosen can be reached at rosen@ulgroup.com. Mike Volkov - One of the top FCPA commentators and practitioners around and is the Chief Executive Officer (CEO) and owner of The Volkov Law Group, LLC. Volkov can be reached at mvolkov@volkovlawgroup.com. Matt Kelly - Founder and CEO of Radical Compliance, is the former Editor of the noted Compliance Week Kelly can be reached at mkelly@radicalcompliance.com Jonathan Armstrong - Rounding out is our UK colleague, who is an experienced lawyer with Cordery Compliance Limited in London. Armstrong can be reached at armstrong@corderycompliance.com. The format is a roundtable discussion where I throw out a question to one commentator to lead the discussion. From that starting point we will all join in. I also include an “On My Mind” segment where each participant discusses what is on the forefront of their mind. This podcast is longer than my others, coming in at around 60 minutes, which allows us to explore the week’s issues in depth. In the inaugural episode we discuss the following subjects: Mike Volkov leads a discussion of the unintended consequences of the Yates Memo/Pilot Program for internal investigations. We explore the issue of “de-confliction” where the government asks a company to halt its own internal investigation for the government to be the first to interview witnesses. We explore de-confliction in the context of a requirement of cooperation to gain the benefits of the pilot program and how such a request from the Department of Justice (DOJ) could lead companies to be unable to disclose to other agencies or to shareholders and keep a Board in the dark about the alleged wrongdoing. What does this mean for the company and the internal investigator? For Volkov’s post on conflicts of interest (COI) in internal investigations after the Yates Memo, click here. Matt Kelly leads a discussion on compliance and corporate governance. We explore the issue of compliance being involved in issues around pricing and sales in companies like Valeant and Wells Fargo. We discuss the role of compliance in areas outside of strict legal compliance but may move towards reputational risk, going into such areas as the new revenue recognition standards and executive compensation. For Kelly’s blog post on the intersection of CEO pay and Chief Compliance Officers (CCOs), click here. Jonathan Armstrong leads a discussion of funding and the UK Serious Fraud Office (SFO), in the context of the recent announcement that the SFO has received additional or supplemental funding to investigate Unaoil. Why does the SFO need supplemental funding and how does it obtain it? What does all of this mean for the continued existence of the SFO in light of a former critic now being PM? Finally, Armstrong ties all of this into Brexit, his recent interview of Max Schrems and issues surrounding Privacy Shield. For Armstrong’s interview with Max Schrems, click here and Cordery’s FAQs on Privacy Shield, click here. Jay Rosen takes us through the compliance conference scene. For those of you who are avid attenders of the various conferences, he discusses some of the key differences in the types observed, such as the nuts and bolts types (SCCE) and others which focus more on commentary (FCPA Blog NYC Conference). He discusses the relative strengths of each and how a compliance professional should think about selecting one or more to attend. He ends with his thoughts on why compliance certification is a plus (or minus). For Rosen’s blog post Designing Your 2017 Ethics, Compliance & FCPA Conference Schedule, click here. This new podcast Everything Compliance joins the four other podcasts I have on different aspects of compliance. The original FCPA Compliance and Ethics Report focuses on the nuts and bolts of compliance. Unfair and Unbalanced - is a podcast I do with SCCE CEO Roy Snell. In it we focus on wide ranging issues for the compliance profession. Compliance into the Weeds - is a podcast I do with Matt Kelly where we take a deep dive into the weeds of a compliance issue, typically technology, internal controls or GRC. We both indulge our inner geekiness in this podcast. Jay Rosen and I wrap up each week in FCPA, compliance and ethics with This Week in FCPA. All of these podcasts are available to you on my site, FCPAcompliancereport.com, and are available on iTunes under the same name. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Serious Fraud Office has begun an investigation into allegations of corruption in the award of multi-million pound oil contracts in the Middle East. A Monaco based company, Unaoil, denies that it helped British and other companies win contracts by corrupting politicians and government officials. The investigation follows a leak of thousands of emails and other documents. Jane Deith has been given access to the leaked papers and reveals what they tell us about the business of oil. Reporter: Jane Deith Producer: Paul Grant.

This week, the FBI says APT6 has pawned the government for the last 5 years, Unaoil: a company that's bribing the world & Researchers find a flaw in the visa database. All that plus a packed feedback, roundup & more!

This week, the FBI says APT6 has pawned the government for the last 5 years, Unaoil: a company that's bribing the world & Researchers find a flaw in the visa database. All that plus a packed feedback, roundup & more!

This week, the FBI says APT6 has pawned the government for the last 5 years, Unaoil: a company that's bribing the world & Researchers find a flaw in the visa database. All that plus a packed feedback, roundup & more!

The election season is upon us and it's easy to get wrapped up in all the dramas well as not giving the tiniest shit about it! Would Trump be as terrible a president as people fear, or is it folly to believe that one person can make a difference in the US political system. Especially considering the two most recent email leaks, the Panama Papers and Unaoil, which detail the level of corruption that most of aren't surprised by, but never had so much proof. Finally, I share my experience with cold water immersion or ice baths as a poor man's cryotherapy and I detail the benefits as highlighted by Dr. Rhonda Patrick on FoundMyFitness.com.    Songs Give More Power to the People - Chi-Lites It Was A Good Day = Ice Cube

One week after a sheaf of leaked documents fingered Unaoil as a hothouse of global corruption, we get the Panama Papers -- a massive document dump that reveals the extent to which Panama has been used as a tax haven for the world's plutocrats, and the many global leaders who've been swift to stash their cash offshore. Meanwhile, six years ago an explosion at Massey Energy's Upper Big Branch mine in West Virginia claimed the lives of 29 coal miners. This week, a court has rendered a sentence on Massey Energy CEO Don Blankenship's involvement in a conspiracy to systematically flout safety regulations. His punishment: one year in jail. If that seems deeply screwed up to you, we'll help you nurture your outrage. Finally, with every passing week on the campaign trail, resolution seems further away, and tensions keep getting racheted up. We'll discuss the New York Daily News interview that caught Bernie Sanders up in a hot sack of nonsense. Plus, Wisconsin Congressman Marc Pocan joins us to talk about how his... See acast.com/privacy for privacy and opt-out information.

This week on Fourth Estate, the panel discuss the Panama Papers leak and the Unaoil investigation: how Australian investigative journalists broke a global scandal, the mass collaboration between journalists to research the Panama Papers and how one Australian startup company's data tools supported the global investigation. With Jonathan Pearlman (The Telegraph), Wendy Bacon (New Matilda) and Denham Sadler (StartupSmart). Hosted by Mariam Chehab. Fourth Estate is produced by 2SER 107.3 radio in Sydney and is broadcast across the Community Radio Network in Australia.

I dagens radio bubb.la diskuterades Unaoil och den påstådda mutskandalen i oljeindustrin, kränkthet över felaktiga pronomen och arbetsgivares ovilja att anställa manshatare, privata atomforskaren i Ängelholm åter i konflikt med Strålskyddsmyndigheten, SVT vågar inte visa film som de själva finansierat, skots polis övervakar Twitter och hälsar på hemma hos folk som skriver "onödiga" inlägg, miljonärer flyr Frankrike och flyttar till Australien och FBI drar åt snaran runt Hillary Clinton. Dessutom gjordes två längre djupdykningar, dels om den så kallade alternativa högern, dels om järnvägarnas vara eller icke vara. http://radio.bubb.la/radio-bubb-la-43/

Nathan, Mike, and Mahler talk about Arctic sheet collapse, Lahore, Palmyra, Rousseff, the Associated Nazi Press, Eddie Izzard, Tay, Unaoil, bat drones, tone, union dues, the Wal-Mart tax, Saudi water hogs, Kansas quakes, and more.

This week, documents obtained by Fairfax Media, have exposed energy contractor Unaoil as an almost comical practitioner of corporate graft, bribing their way across the developing world on behalf of well-known Western corporations. We'll break down the story. Meanwhile, in some better news for major U.S. corporations, Georgia Governor Nathan Deal defied his party this week in vetoing a religious freedom bill that would have enshrined legal discrimination against the LGBTQ community. Finally, what is it like to fall into the burning ring of fire produced by Donald Trump's legion of social media fans? Our own Christina Wilkie found out for herself firsthand, and has some of the vile details to share with us. See acast.com/privacy for privacy and opt-out information.