What happens when two top compliance commentators get together? They talk compliance, of course. Join Tom Fox and Kristy Grant-Hart in their podcast, 2 Gurus Talk Compliance, as they tackle topics on behavior economics, OFAC settlement lessons, the importance of the user experience in compliance policy creation, and more. They also discuss incorporating behavioral sciences into compliance strategies and the exciting changes in compliance consulting services. With their expertise, they share insights on how data, behavioral science, and innovative approaches can improve compliance programs, business processes, and profitability.
Listen as they provide valuable insights on understanding culture by starting a dialogue and the importance of finding someone to give a narrative to. Lastly, they discuss the challenge of bribery and corruption and the need for compliance professionals to be innovative, accept failures, and be comfortable with experimentation. Take advantage of this exciting and informative podcast episode from two renowned compliance experts, Tom Fox and Kristy Grant-Hart.
Highlights Include:
· Evolution of Corporate Ethics and Compliance Programs
· Microsoft OFAC Settlement
· Irritating Emails
· Behavioral Science in Compliance
· Messaging Apps and Dept. of Business Denial
· FTX and its (lack of) Internal Controls
Notable Quotes
1. “I don’t want to say the traditional tools are limited, but we’ve really evolved past them.”
2. When they were specifically talking about the section on learning and training and talking about that frequently shorter in more bursts, more frequently where the learner gets to decide when and how they learn is really a lot not just with behavioral science, but also with adult learning theory.”
3. “But again, 1 of the things that are so powerful about the enforcement act is that they tell us what we should be doing.”
4. “Compliance professionals need to look at their sales models and see if they’re using distributors.”
Resources
1. Microsoft’s OFAC Settlement Underscores Important Remedial Measures
2. FTX, Multimillion-Dollar Expenses Were Approved by Emoji
3. Your Email Does Not Constitute My Emergency
4. New DOJ policies about messaging apps and clawbacks threaten compliance departments’ standing
Connect with Kristy Grant-Hart on LinkedIn
Tom
