2 Gurus Talk Compliance: Episode 39 – The TD Bank Edition

In this episode, co-hosts Khristy Grant-Hart and Tom Fox tackle several high-profile compliance issues. They start with TD Bank’s $3 billion money laundering scandal, exploring how inadequate compliance measures and See more +

In this episode, co-hosts Khristy Grant-Hart and Tom Fox tackle several high-profile compliance issues. They start with TD Bank’s $3 billion money laundering scandal, exploring how inadequate compliance measures and lack of investment enabled a decade-long operation involving $18.3 trillion in questionable transactions. The discussion critiques the penalties imposed on TD Bank and reflects on the broader industry implications. The hosts then shift focus to collateral damage from fentanyl, human trafficking, modern slavery, and terrorist financing, spotlighting the OCC’s novel restrictive actions and an SEC enforcement case involving Indian bribery schemes by Moog.

Transitioning to corporate compliance dynamics, the podcast covers the Texas incident involving Deloitte’s mishandling of a convicted felon’s loan application, raising significant questions about due diligence. Frances Haugen’s advocacy for stronger whistleblower protections, particularly in the AI sector, gets highlighted. The episode concludes by addressing the legal ramifications of anti-boycott provisions, the complexities of election season in the workplace, and recent developments in the Boeing case, encapsulating these serious discussions with a humorous note on a bizarre Florida man incident.

Stories Include:

1. TD Bank Money Laundering Scandal

2. Caremark Claims and Broader Implications

3. Indian Bribery Case and SEC Enforcement

4. Debating the ECCP Guidance

5. Texas’ $5 Billion Power Plant Scandal

6. Facebook Whistleblower Frances Haugen Speaks Out

7. Understanding Anti-Boycott Provisions

8. Managing Politics in the Workplace

9. Boeing’s Legal Troubles and DEI Concerns

10. Florida Man’s Unusual Drug Complaint See less -