Welcome to “Compliance Tip of the Day,” the podcast where we bring you daily insights and practical advice on navigating the ever-evolving landscape of compliance and regulatory requirements.
Whether you’re a seasoned compliance professional or just starting your journey, our aim is to provide you with bite-sized, actionable tips to help you stay on top of your compliance game.
Join us as we explore the latest industry trends, share best practices, and demystify complex compliance issues to keep your organization on the right side of the law.
Tune in daily for your dose of compliance wisdom, and let’s make compliance a little less daunting, one tip at a time.
In this episode, we consider how the Monaco Memo, changed compliance by laying out what, who, and how the DOJ will hold individuals and corporations accountable.
For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.
Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee and listen to the Daily Compliance News. All from the Compliance Podcast Network.
Each day, we consider four stories from the business world: compliance, ethics, risk management, leadership, or general interest for the compliance professional.
In today’s edition of Daily Compliance News:
A Vietnamese property tycoon was sentenced to death for fraud. (FT)
Zuma is back on the ballot in South Africa. (Bloomberg)
The US agrees to the Menendez trial postponement. (Reueters)
What happens when two top compliance commentators get together? They talk about compliance, of course. Join Tom Fox and Kristy Grant-Hart in 2 Gurus Talk Compliance as they discuss the latest compliance issues in this week’s episode!
In this episode, Tom and Kristy take on a wide variety of compliance related topics.
The Compliance Week National Conference, a premier event in the field of compliance, offered a rich assortment of discussions and insights on various compliance topics, such as AI monitoring, risk assessment, and oversight of the Foreign Corrupt Practices Act (FCPA). Among the expert attendees were compliance professionals Tom and Kristy.
Tom highlighted the invaluable practical discussions led by practitioners, which had direct impact on compliance practices. He found the sessions on risk assessments and third-party risk management to be engaging and informative.
Similarly, Kristy found the conference sessions to be enlightening, notably a keynote on artificial intelligence and a workshop on leadership. She also valued the call for transparency in compliance roles, underscoring the conference’s ability to address recurring compliance challenges.
Both Fox and Grant-Hart’s perspectives were shaped by their extensive experiences and expertise in the field of compliance, highlighting the conference’s appeal to both veterans and newcomers alike.
Jonathan Crompton is a partner at the law firm Reynolds, Porter & Chamberlain (RPC), based in Hong Kong. There, he helps companies and individuals navigate complex cross-border disputes and investigations involving their Asian operations. He specializes in commercial matters (particularly for the retail industry), financial services, technology-related disputes, and cyber incidents.
As the lead for RPC’s ‘ReSecure’ cyber incident response service in Asia, he advises local and multinational clients on cyber-attacks, data privacy, and law enforcement investigations. He also helps clients worldwide recover money transferred to Hong Kong bank accounts as a result of cyber and other frauds.
Jonathan advises on all forms of disputes, including litigation before national courts and arbitral tribunals operating under various rules (in particular, the HKIAC, ICC, and UNCITRAL) and on investigations by regulators (notably financial services regulators such as the Securities and Futures Commission). His clients include senior individuals, asset managers, and leading multinational corporations and brands. As a result of RPC’s predominantly ‘conflict-free’ model for financial services disputes, Jonathan represents senior individuals and companies in claims brought by or against leading banks where other firms are often unable to act.
He is also a founding member of the Hong Kong chapter of the Crypto Fraud and Asset Recovery (CFAAR) network, the first global association for such professionals. The London chapter was launched in London in 2021, and the Hong Kong chapter was formed in August 2022.
In this episode of Regulatory Ramblings, Jonathan chats with host Ajay Shamdasani about his background, upbringing, and how he ended up in the legal profession. The bulk of the conversation, however, is devoted to data protection and digital assets, specifically the February raid of the offices of WorldCoin by the Hong Kong Office of the Privacy Commissioner (PCPD). They discuss the PCPD’s expression of concern about WorldCoin’s collection and storage of iris scans in exchange for its WorldCoin token (WLD).
As Jonathan points out, the case was a clear example of the increasing intersection of personal data protection principles and digital assets. The conversation also covers his recent LinkedIn post in which he stated that Privacy Commissioner Ada Chung’s action was further proof that she was flexing her existing powers—even before the amendments to the territory’s Personal Data (Privacy) Ordinance are expected to be enacted within the next year.
They also discuss the shape Jonathan envisages those amendments taking, the recent cases he has seen in his practice involving virtual assets, digital contracts, and cybersecurity, and related emerging methodologies, trends, and themes.
Podcast Discussion:
3:01 Journey from Military Roots to Legal Frontiers
11:00 Perspectives on Legal Specialization in the Virtual Asset Sphere
20:52 Understanding Cryptocurrency Fraud and Legal Challenges in Recovery
29:16 Assessing the Efficacy of Asset Tracing Rules in Cryptocurrency Fraud Cases
38:12 Money Mules, Cybercrime, and the Evolution of Financial Fraud
42:48 Complexities of Cybercrime and Deepfake Deception in Financial Fraud
45:29 Insights into Crypto Regulation and Risk Management from CFAAR
59:34 Intersection of Personal Data and Digital Assets: Insights from WorldCoin and NFTs
1:05:52 Personal Data Privacy: Insights into Legislative Amendments and Regulatory Enforcement in Hong Kong
1:17:01 Adapting Legal Careers to Emerging Technologies, Change and Uncertainty
In this edition of TechLaw10, Jonathan Armstrong talks to Attorney and Professor Eric Sinrod from his home in California. They look again at the legal issues surrounding AI, the rise of chatbot ChatGPT, and the legal and ethical issues it brings.
This film follows an earlier one that examined these issues: https://bit.ly/chatgptfilm. This time, Eric and Jonathan focus on liability for chatbot operators.
The topics include:
Can chatbots be liable for the things they do?
Should Section 230 of the US Communications Decency Act protect chatbots?
Can chatbots be liable for IP issues?
How is the UK Shetland Times case from 1996 relevant to today’s AI offerings?
Is ChatGPT right in its legal assessment of its liabilities?
What are the issues involved in scraping data to train AI?
