What happens when two compliance aficionados get together to talk all things compliance, risk management and ERM? You get Tom Fox, the Voice of Compliance and Matt Kelly, the Coolest Guy in Compliance, going into the weeds of a topic each week. Each week, you can take a deep dive with two of the top writers, thinkers and prognosticators in compliance.
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What happens when two compliance aficionados get together to talk all things compliance, risk management and ERM? You get Tom Fox, the Voice of Compliance and Matt Kelly, the Coolest Guy in Compliance, going into the weeds of a topic each week. Each week, you can take a deep dive with two of the top writers, thinkers and prognosticators in compliance.
Uncovering FCPA Violations: Millicom's Complex Case Involving Drug Cartel Funds
Compliance into the Weeds
23 minutes
3 days ago
Uncovering FCPA Violations: Millicom's Complex Case Involving Drug Cartel Funds
The award winning, 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. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode of Compliance into the Weeds, Tom Fox and Matt Kelly discuss the intricate details of a recent FCPA enforcement action against Millicom Cellular, a Luxembourg-based telecommunications company with operations in Guatemala.
The discussion uncovers how Millicom's joint venture, Comunicaciones Celulares (CommCell), became embroiled in bribery and corruption involving duffel bags of drug cartel cash used to pay off Guatemalan officials. Despite the DOJ’s earlier pause on FCPA enforcement, the emergence of narco-trafficking aspects led to a re-opened investigation and significant penalties for Millicom. Key points include the timeline of the case, the lack of Millicom's operational control and visibility, and the broader implications for due diligence in dealing with joint ventures and cross-border operations in high-risk regions.
Key Highlights
· Details of the FCPA Enforcement Action
· Millicom's Joint Venture in Guatemala
· Self-Disclosure and DOJ's Response
· Timeline of Events and Corruption Details
· Drug Trafficking and Bribery Connections
· Implications and Compliance Lessons
Resources
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A multi-award winning podcast, Compliance into the Weeds was most recently honored as one of a Top 25 Regulatory Compliance Podcast and a Top 10 Business Law Podcast, and a Top 12 Risk Management Podcast. Compliance into the Weeds has been conferred a Davey, Communicator and w3 Award, all for podcast excellence.
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Compliance into the Weeds
What happens when two compliance aficionados get together to talk all things compliance, risk management and ERM? You get Tom Fox, the Voice of Compliance and Matt Kelly, the Coolest Guy in Compliance, going into the weeds of a topic each week. Each week, you can take a deep dive with two of the top writers, thinkers and prognosticators in compliance.
