Day: January 27, 2021

The Revolving Door

Welcome to the latest edition to the Compliance Podcast Network, The Wirecard Saga. In this series, I am joined by Mikhail Reider-Gordon, Managing Director of Institutional Ethics & Integrity at Affiliated Monitors. In this episode, we take a deep dive into the government officials ensnared in the Wirecard scandal and how the German (and other countries) revolving door between the public and private sector lead to the corridors of corruption.
Some of the highlights include:

Austria Arrests Government Officials
Ass Aground
Extorting Porn Barons
Self-Regulation Shortcomings
Who Approved These Loans?!
Follow the Money
Bauer’s Autopsy
Less Convincing Answers for Banks
Deutsche Bank’s Naughty Boy
Chancellery’s Revolving Door
Housefrau Brokers Deal in PRC
Fritsche Multitasks in DE & AT
Moscow Nights with Marsalek and Sobotka
Brigadier Builds Contracts

Tags revolving door

EMBARGOED!

EMBARGOED! Episode 22: What Just Happened? Recapping a Chaotic Transition

Post author By Miller & Chevalier
Post date January 27, 2021
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Following President Biden’s inauguration, Brian and Tim look back at the chaotic final two weeks of the Trump administration to examine the flurry of trade and foreign policy actions taken on the way out the door. In Lightning Round fashion, we cover: Cuba’s re-designation as a State Sponsor of Terror, statements about China committing genocide, more actions targeting the crackdown in Hong Kong, a few final pokes in the eye to Iran, the imprisonment of Alexei Navalny and a possible new era for sanctions targeting Russia, designations impacting the humanitarian crisis in Yemen, an amended (but still ambiguous) E.O. relating to publicly traded securities of CCMCs, provocative moves relating to Taiwan and the South China Sea, and a brand new regulatory regime meant to protect the ICTS supply chain from foreign adversaries.
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Questions? Contact us at podcasts@milchev.com.
EMBARGOED! is not intended and cannot be relied on as legal advice; the content only reflects the thoughts and opinions of its hosts.
Timestamps:
0:10 Introduction and Roadmap
5:57 Lightning Round-Style Recap
8:47 Cuba Designated a State Sponsor of Terror
14:43 Pronouncement that China is Committing Genocide
21:03 Latest from Hong Kong
26:20 Final Pokes in the Eye to Iran
32:38 Russia after Navalny’s Arrest
39:58 Designating Houthis as an FTO/SDGT?
46:53 Amended CCMC EO
56:25 Taiwan and the South China Sea
1:03:30 Interim Final ICTS Rule
1:10:28 Final Thoughts
***Stay sanctions free.***

Tags Biden Administration

31 Days to More Effective Compliance Programs

Day 27 | Operationalizing compliance through payroll

Post author By admin
Post date January 27, 2021
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One of the areas articulated in the 2020 Update was around payments and payroll. For the both the compliance professional and the corporate payroll function, there is a significant role to play in the operationalization of a corporate compliance program. The 2020 Update was replete with references to payment and its critical nature to any best practices compliance program. This includes references to payments to foreign officials, payments to third parties and hiding bribes in payments to distributors. The 2020 Update begins with an admonition to stop wasting time on low hanging fruit when there are much higher risks in your business operations.
The role of payroll in compliance is not often considered in operationalizing your compliance program, yet the monies to fund bribes must come from somewhere. Unfortunately, one of those places is out of payroll. All CCOs need to sit down with his or her head of payroll, have them explain the role of payroll, then review the internal controls in place to see how they facilitate the goals of compliance. From that review, you can then determine how to use payroll to help to operationalize your compliance program.
The DOJ has now provided its clearest statement on how it expects a company to actually do compliance going forward. Long gone are the days where the DOJ simply considered the inputs of a written program as sufficient to protect companies from compliance violations. Yet the mandate to operationalize a corporate compliance program drives home the concept that compliance is a business process, which should be administered by the appropriate business unit with the requisite SME. When it comes to following the money, payroll is the most well-suited corporate discipline to provide this first level of oversight and controls.
Three key takeaways:

Payroll can be a key prevent and detect control.
The 2020 Update specified the tying of the corporate compliance function to the corporate payroll function.
Offshore payments remain a key indicator for a red flag.

Tags payroll

Innovation in Compliance

Integrity Matters: Assessing the Corporate Compliance Climate in 2021- Part 3: Anti-Bribery and Anti-Corruption Enforcement in 2021

Welcome to this special podcast series, Integrity Matters: Assessing the Corporate Compliance Climate in 2021, sponsored by K2 Integrity. This week I visit with Bob Brenner, Co-Managing Partner and Chief Legal Officer; Snežana Gebauer, Executive Managing Director and head of U.S. Investigations and Risk Advisory, Americas. Over the week, we will consider various regulatory and enforcement issues with the incoming Biden Administration. Topics include assessing the regulatory landscape resulting from the pandemic, what companies can expect from new administration priorities, anti-bribery/anti-corruption issues and enforcement in 2021. In this Part 3, I am joined by Snežana Gebauer who discusses what companies can expect as priorities from new administration around anti-bribery and anti-corruption.
Join us tomorrow as we examine global trends impacting risk and compliance in 2021.
For more information go to the K2 Integrity website.

Tags ABC enforcement

Great Women in Compliance

Frances McLeod, Women Leaders in Forensic, Risk and Compliance

Post author By admin
Post date January 27, 2021
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Welcome to the Great Women in Compliance Podcast, co-hosted by Lisa Fine and Mary Shirley.
While there are a lot of women in the field of Ethics and Compliance, there are fewer women who are in forensic risk analysis. Today, Lisa speaks with one of the pioneers in this area, Frances McLeod. Frances is an owner and Founding Partner of Forensic Risk Alliance (FRA) and head of its US offices. She has worked in many areas – data privacy and GDPR, as a monitor in many different matters for the SEC and DOJ and has focused a lot on sanctions as of late.
Frances shares her experiences in growing FRA and her commitment to diversity in the field, as well as supporting and empowering women in their careers. She also talks about her experiences in very different monitorships – from being “the data lady” in the City of Ferguson matter, to her recent involvement in the IAV monitorships.
We also discuss what compliance officers should be thinking about as Artificial Intelligence grows in importance for all of us.
You can subscribe to the Great Women in Compliance podcast on any podcast player by searching for it and we welcome new subscribers to our podcast which is hosted on the Compliance Podcast Network.
Lisa and Mary have extended the Great Women in Compliance brand to the booking “Sending the Elevator Back Down: What We’ve Learned from Great Women in Compliance” (CCI Press, 2020) which can be found on Amazon and features valuable wisdom and advice from Great Women in Compliance across the world.
If you’ve already read the booked and liked it, will you help out other women to make the decision to leverage off the tips and advice given by rating the book and giving it a glowing review on Amazon?
As always we are so grateful for all of your support and if you have any feedback or suggestions for our 2021 line up, or would just like to reach out and say hello, we always welcome hearing from our listeners.
Join the Great Women in Compliance community on LinkedIn here.

Tags Frances McLeod

Compliance Into the Weeds

WFH, RTW or Something Else

Post author By admin
Post date January 27, 2021
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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. Today we consider what will be the implications of our working environments post-pandemic. Will we be permanently working from home, returning to the office, a mix of both or something else?

Some of the issues we consider are: