Day: May 20, 2020

Categories
Innovation in Compliance

Defining and Building Effective Compliance Programs – Compliance on a budget: Solutions for entities of all sizes

In this five-part podcast series, sponsored by K2 Intelligence FIN, we consider defining and building effective compliance programs. I am joined in this series by Michelle Goodsir, a Managing Director at K2 Intelligence, and Gail Fuller, Financial Integrity Network (FIN) Vice President. Michelle has 25 years of financial crime compliance experience which includes fraud risk management, anti-bribery and corruption, corporate security and investigations, sanctions, and Anti-Money Laundering (AML) program experience working within the financial services industry and the US government. Gail focuses on developing, refining, and implementing FIN’s quantitative and qualitative risk rating tools. She leads engagements focused on helping FIN’s jurisdictional and private sector clients understand their exposure to financial crime risk and develop and implement strategies to mitigate their risks.

Over this series we are considering key challenges in compliance, why compliance needs a seat at the table, how to do compliance on a budget; training and culture and what is on the horizon. In Part 4, I visit with Gail Fuller on how to facilitate ongoing compliance training, communications and re-emphasizing culture in an organization.

Some of the highlights include.

  • What are some of the key components to a successful training program? They include comprehensive, tailored; effective training which is built into the culture; it is continuous and employees are held accountable.
  • Especially given all that is going on in the world, how can organizations ensure they are giving employees the right blend of in-person and online training? Regulators are neutral on method but a blend is really ideal as people learn in different ways. You should design your training program to take advantage of each form of training’s benefits. Finally be sure to make it engaging.
  • Once training is complete, how can entities ensure their teams are able to report issues? A kley is to have two buckets- one which is inward facing (governance focused) and a second which is outward facing (interactions with regulators).

Resources
K2 Intelligence financial crimes risk & compliance page: https://www.k2intelligence.com/en/services/our-practices/financial-crimes-risk-and-compliance 
K2 Intelligence AML page: https://www.k2intelligence.com/en/services/our-practices/financial-crimes-risk-and-compliance/anti-money-laundering-compliance
K2 Intelligence Anti-corruption page: https://www.k2intelligence.com/en/services/our-practices/financial-crimes-risk-and-compliance/anti-corruption
K2 Intelligence DOLFIN: https://www.finintegrity.com/dolfin.html

Categories
Compliance and Coronavirus

Matthew Whitteker on Supply Chain Impact


Welcome to the newest addition to the Compliance Podcast Network, Compliance and Coronavirus. As the Voice of Compliance, I wanted to start a podcast which will help to bring both clarity and sanity to the compliance practitioner and compliance profession during this worldwide health and healthcare crisis. In this episode, I am joined by Matt Whitaker, Vice President, Growth at Assent Compliance.  We visit Assent’s COVID-19 Supply Chain Impact Map, and how it assists companies, the data that Assent Compliance is seeing from it and where Supply Chains will go in the new normal of Covid-19.
You can use the Assent Compliance Covid-19 Supply Chain Impact Map to visualize and assess the impact of the Coronavirus on your supply chain, by clicking here. The COVID-19 Supply Chain Impact Map is a free tool that overlays COVID-19 data onto supply chain maps, providing visibility into its impact on key suppliers and shipping hubs. This enhanced transparency provides companies with the information required to make informed business decisions, and adapt to supply chain and market access disruptions.

Categories
Great Women in Compliance

The Soliloquy Episode-Affordable Technology Tools


Welcome to the Great Women in Compliance Podcast, co-hosted by Lisa Fine and Mary Shirley. Thank you to everyone who contributed to this crowdsourcing episode – our first solo episode of the Great Women in Compliance podcast series – and hosted by Mary Shirley. We know that sometimes Compliance budget can be hard to come by and even when it’s available, you do not want to squander it on only a few things – you want to get as much bang for your buck as possible. So, we put a call out for technology solutions that our audience has had success using to save you time trawling through all of the options.
In this episode the solicited recommendations cover a number of different aspects of your Compliance program:

  • Infographics, posters, brochures, flyers, social media posts (Visme, Canva, Piktochart)
  • Project management (Trello, Asana)
  • Video conferencing and other communications (Zoom, Slack, Google Meet)
  • Training and Presentations (Kahoot, Prezi, Kapwing, Toonly)
  • Bonus miscellaneous items (Process Unity Pandemic response questionnaire, West Elm video conference backdrops).

If you’re looking for ways to spice up your Compliance program, this episode is for you!
With much gratitude to Samantha Kellen, Parth Chanda, Sean Freidlin, Sarah Hadden, Ryan Rushing, Bob McKee, Rupert Evill and Ellen Hunt for the useful contributions!
Join the Great Women in Compliance community on LinkedIn here.

Categories
Compliance Into the Weeds

Covid-19 Attestation in Massachusetts


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. In this podcast Matt Kelly and Tom Fox take a deep dive into the attestation required by the Commonwealth of Massachusetts for businesses eligible to reopen in response to Covid-19.
Some of the highlights include:

  • What is the attestation requirement?
  • What policies and procedures are a company mandated to have to reopen?
  • What training must a company give its employees?
  • What is the four-phase plan that Massachusetts will implement to effect reopening?
  • What has been the decision-making process of the Massachusetts Governor Charlie Baker?
  • When will sports reopen in Boston?

See Matt Kelly blog post Massachusetts Covid-19 Attestation on Radical Compliance.

Categories
Daily Compliance News

May 20, 2020-the Jesus edition


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)