Compliance into the Weeds Corrupt Culture and Bags of Cash-the KT Corp. FCPA Enforcement Action
Feb 23, 2022
25:09
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. This week, Matt and Tom turn to the recent FCPA enforcement action brought by the SEC involving the Korean company KT Corp. Some of the issues we consider
- Background facts and a corrupt culture, literally from the top.
- How does the SEC have jurisdiction over KT Corp?
- Why you need a flow chart of the bribery schemes and a scorecard of the players.
- Corruption leading to the Korean Blue House.
- Bags of cash delivered and kept in office safes.
- Was the resolution an interim step before a monitor is employed?
Resources
Tom with a 3-part series in the FCPA Compliance and Ethics Blog
Matt in Radical Compliance
Learn more about your ad choices. Visit megaphone.fm/adchoices