In this podcast with Jerry Coyne, the Managing Director of State Monitoring Services at Affiliated Monitors, Inc. and we consider the role of state AGs as enforcers of civil law and in bringing litigation to enforce consumer protect and related statutes.Every US state and territory has an AG, whose role is to serve as the chief legal advisor for that state. State AGs are empowered to prosecute violations of state law, represent the state and its employees when sued, and usually to provide legal advice to state agencies and to the state legislature. But its most important and most challenging role may be the right to bring litigation – to file suit – in the name of the state. Due to the massive amounts of money flowing to the states, most states took on this responsibility by adding staff not just to their AGs, but to other agencies with tobacco enforcement responsibilities, such as taxation and revenue departments, and state police organizations. The entry of the MSA in 1998 brought unprecedented amounts of new revenue to the states, but also resulted in the states agreeing to take on the responsibility for new and unprecedented enforcement activities to enforce the settlement’s terms, lest the anticipated flow of monies be reduced or even eliminated.
Day: June 9, 2020
In a slightly more-somber-than-usual episode of EMBARGOED!, we start with a few thoughts on the widespread protests in the U.S. and addressing racial injustice before pivoting to the White House announcement that Hong Kong is about to lose its special status and what that may mean for Hong Kong, China, and beyond. We then revisit one of our favorite topics, Huawei, to discuss the company’s effort to weather the latest U.S. export control restrictions and check in on the Canadian extradition proceedings for Huawei’s CFO. We also share our thoughts on a recently unsealed indictment alleging a massive sanctions evasion and money laundering scheme to benefit North Korea (aided by China). Finally, in the Lightning Round we start on the open seas to provide quick takes on the latest Venezuela-related maritime designations and a recent Iranian enforcement case, and then wrap up with theories about some recent Entity List additions.
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EMBARGOED! is not intended and cannot be relied on as legal advice; the content only reflects the thoughts and opinions of its hosts.
EMBARGOED! is intelligent talk about sanctions, export controls, and all things international trade for trade nerds and normal human beings alike, hosted by Miller & Chevalier Members Brian Fleming and Tim O’Toole. Each episode will feature deep thoughts and hot takes about the latest headline-grabbing developments in this area of the law, as well as some below-the-radar items to keep an eye on. Subscribe for new bi-weekly episodes so you don’t miss out!
Timestamps:
0:11 Introduction
3:06 Prelude: A few thoughts on George Floyd, the protests, and racial injustice
The Rundown
13:40 Hong Kong + China Sanctions
33:50 Huawei
51:05 Unsealing of DPRK Indictment
1:01:50 Lightning Round
1:02:12 Latest Venezuela Designations Focused on Shipping
1:05:22 Iranian Tanker Purchase
1:09:19 Phantom Entity List Additions from May 22 Announcements
1:17:02 Final Thoughts
***Stay sanctions free.***
The Compliance Life details the journey to and in the role of a Chief Compliance Officer. How does one come to sit in the CCO chair? What are some of the skills a CCO needs to success navigate the compliance waters in any company? What are some of the top challenges CCOs have faced and how did they meet them? These questions and many others will be explored in this new podcast series. Over four episodes each month on The Compliance Life, I visit with one current or former CCO to explore their journey to the CCO chair. This month, my guest is Ryan Rabalais, currently an Ethics and Compliance Officer at Bechtel Oil, Gas & Chemicals. Rabalais has been Vice President and CCO at both Rowan Companies and Paragon Offshore.
Ryan Rabalais has over two decades of legal and compliance experience in the oil and gas sector, including being a Vice President & Chief Compliance Officer for two different companies with global operations. Ryan has a history of providing practical solutions to the business and managing overall corporate and regulatory compliance programs. His compliance experience includes a particular focus on anti-corruption, sanctions, trade controls and US anti-boycott, with reporting responsibilities to senior management and the Board of Directors of large, publicly traded companies.
In this Episode 2, we discuss the evolution of the compliance role from that of a legal solution written by lawyers for lawyers to the CCO being seen as a part of the business solution. It began with employees seeing the compliance function as The Land of No, populated by Dr. No to something very different today. We also consider the Black Box problem of compliance.
Categories
RESPECT For Internal Audit
I hear some Chief Audit Executives complaining they “don’t get no respect” like a Rodney Dangerfield comedy skit. When Dangerfield said it, it was funny. Not so if you find your self saying that in real life.
In this week’s #jammingwithjason #internalauditpodcast I discuss RESPECT for internal audit. You see, respect is a two way street. There are some things we need to do as individuals and as a profession to get the respect we want. I dig into some questions to ask yourself and practical steps you can start taking today.
And … an episode about RESPECT wouldn’t be complete unless I sang a little Aretha Franklin, and told a few Rodney Dangerfield jokes too.
Please share this episode with your friends and colleagues.
If you are a CAE, book your call to join a community of like-minded CAEs in the CAE Forum. When you join the CAE Forum you will get much more clarity on exactly how you can get the RESPECT you deserve and elevate the status of internal audit in your organization. https://jasonmefford.mykajabi.com/caeforum
On this special bonus episode of The Ethics Experts, we speak with Karyn Holley about how high turnover within a vendor, and why that’s problematic for the long run.
Check out more episodes, and don’t forget to subscribe on your favorite podcast platform!
Welcome to the newest addition to the Compliance Podcast Network, Compliance and Coronavirus. In this episode, I am joined by Gabe Hidalgo is a managing director at K2 Intelligence FIN. He has 20 years of legal, regulatory compliance, and AML experience working with wholesale and retail banks, FinTech companies, broker/dealers, and money services business entities. Hidalgo is a recognized subject-matter expert in the cryptocurrency and digital assets market. We discuss what Hidalgo sees as the top issues COVID-19 brought to light for financial entities, what should financial entities look out for as they begin to reopen and some core lessons learned that compliance programs can carry forward.
Tom Fox chats with President and founder of Simple SEO Group, Brendan Egan, in this week’s show. Brendan is a podcast host as well as a contributing author to Entrepreneur Magazine. His recent article entitled Marketing Dos and Don’ts During A Crisis is the focus of discussion on this week’s episode of Innovation In Compliance.
Marketing During A Crisis
“Your marketing is really what’s going to drive your business and drive your revenue and determine whether or not you’re successful,” Brendan tells Tom. In day to day business, and especially during a crisis, you need to look at marketing based on your short-, medium- and long-term objectives. Brendan points out that you shouldn’t make any knee-jerk decisions that would impact your long-term growth or integrity. Instead, make short-term alterations to your marketing during a crisis that demonstrates how you’re supporting and looking out for your customers. Your medium and long-term plans will most likely be unaffected, Brendan says.
Why Lawyers Need To Listen
Legal and compliance practitioners need to understand the importance of marketing, especially in these times. Brendan remarks that marketing is a grey area with a lot of overlap: marketing can overlap into a company’s culture, into the legal space, and even the compliance department. The most successful businesses take a company-wide approach to marketing. In addition, companies need to be fluid in order to respond proactively to a changing world. Tom comments that Simple SEO Group’s time horizon approach allows them and their clients to respond to ever-changing information in a productive manner.
Marketing Is Essential
Tom asks, “How are you helping corporations think through how they can effectively market in an economic dislocation?” Brendan responds that he started Simple SEO Group during a recession, so he is well versed in helping businesses make money in spite of the economic downturn. “During a recession, marketing becomes that much more important,” he says. “It almost becomes… an essential service.” More and more companies are turning to digital marketing because their usual marketing channels are drying up, he says. Survival is a matter of being open to new marketing opportunities, especially online, so you can continue to grow during COVID-19 and beyond.
Resources
SimpleSEOGroup.com
BrendanEgan.com
Article: Marketing Dos and Don’ts During a Crisis
Book: 101 Tips From The Marketing Masters
