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From the Editor's Desk

From the Editor’s Desk: Compliance Week’s Insights and Reflections for October and into November 2025

In this episode of ‘From The Editor’s Desk’ podcast, hosts Tom Fox and Aaron Nicodemus delve into key compliance issues featured in Compliance Week. Tom and Aaron discuss the top stories from Compliance Week in October, look at some stories that will appear in November, and provide a preview of upcoming content and events.

They discuss the insights from a case study on Lafarge’s anti-bribery issues linked to cartels and terrorist organizations, as well as challenges in business due diligence in high-risk areas. The episode also covers recent trends around DOJ compliance monitorship under different administrations, insights into Foreign Corrupt Practices Act (FCPA) enforcement, and evolving compliance issues related to artificial intelligence (AI). Finally, they highlight upcoming Compliance Week initiatives and webinars, focusing on career pathways in compliance, the importance of due diligence in high-risk environments, and the practical applications of AI in the compliance field.

Resources:

Aaron Nicodemus on LinkedIn

Compliance Week

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Popcorn and Compliance

Popcorn and Compliance: Episode 5 – Invisible Compliance: Lessons from The Invisible Man

Welcome to a special series of Popcorn and Compliance. In this series, we will examine the Classic Universal Monster Movies from the 1930s and 1940s, mining them for compliance lessons. (Yes, it really is an excuse to rewatch them all.) In this series, we will examine Frankenstein, Dracula, The Wolf Man, The Mummy, and conclude with The Invisible Man. In today’s episode of ‘Popcorn and Compliance,’ we wrap up our series by analyzing the 1933 classic, ‘The Invisible Man,’ for compliance insights.

Joined by Fiona and Timothy, Fox explores how Claude Rains’ portrayal of Jack Griffin, a scientist who becomes unhinged after discovering invisibility, parallels challenges in corporate compliance. The episode distills five key lessons: the perils of lacking transparency, the necessity of accountability, the critical role of organizational culture, the exponential risks when innovation outpaces ethics, and the importance of crisis preparedness. This episode highlights the importance of making the invisible visible in compliance practices, aiming to uncover hidden risks, enforce accountability, and maintain robust ethical standards.

Key highlights:

  • Exploring ‘The Invisible Man’
  • Lesson 1: The Dangers of Lack of Transparency
  • Lesson 2: The Importance of Accountability
  • Lesson 3: The Role of Culture in Compliance
  • Lesson 4: Innovation and Ethical Boundaries
  • Lesson 5: Crisis Preparedness
  • Final Thoughts

Resources:

Compliance Lessons from the Invisible Man on the FCPA Compliance and Ethics Blog

Tom Fox

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Data Driven Compliance

Data Driven Compliance – Navigating the Failure to Prevent Fraud: Key Insights and Implications

Welcome to Season 2 of the award-winning Data Driven Compliance. In this new season, we will examine the new Failure to Prevent Fraud offense. Join host Tom Fox as we explore this new law and how to comply with it through the lens of data-driven compliance. This podcast is sponsored by konaAI. In this concluding episode of Season 2, Tom Fox is joined by Steptoe LLP partners Zoe Osborne, Judy Krieg, and Matt Galvin for an in-depth discussion on the UK’s new fraud prevention offense.

The panel explores the jurisdictional reach of the law, highlighting the broad scope that can impact U.S. companies, even those with limited ties to the UK. They delve into the roles of potential enforcers such as the Serious Fraud Office, the Crown Prosecution Service, and the Financial Conduct Authority. Practical advice is shared on leveraging AI for compliance, maintaining robust fraud prevention measures, and documenting decision-making processes to ensure transparency and accountability. This episode provides comprehensive insights essential for corporate compliance professionals navigating these complex regulatory landscapes.

Key highlights:

  • Overview of Failure to Prevent Fraud Offense
  • Enforcement Agencies and Their Roles
  • Technological Solutions for Fraud Prevention
  • UK DPA Process and Jurisdictional Issues

Resources:

Steptoe LLP

Matt Galvin

Zoe Osborne

Judy Krieg

Click here for konaAI White Paper Rethinking Compliance: Practical Steps for Adapting to the UK’s New Fraud Legislation

Connect with Tom Fox on LinkedIn

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The Hill Country Podcast

Student Voices of the Hill Country: A Schreiner Student Pod Series – Episode 3: Skip It or Play It

Welcome to a special production of The Hill Country Podcast, which is a 12-part series collaboration with the communicators of tomorrow from right here in the Texas Hill Country. The Hill Country Podcast and the Texas Hill Country Podcast Network have partnered with the talented students from Dr. Adolfo Mora’s Communications class at Schreiner University to turn the microphone over to them. Join us each episode as these fresh voices explore critical topics, challenge modern ideas, and provide their unique perspectives on the world of communication.

In this engaging episode of our special series, hosts Pilar, Brianna, and Noah dive into a musical game called ‘Would You Skip It?’. The trio selects and shares songs representing various themes: Happy, Nostalgic, Confident, Love, and Sad. Each host explains their personal connection to the music, while the others decide whether to skip or play the track and explain their reasoning. With a mix of personal anecdotes and a wide range of musical tastes, this episode not only explores the hosts’ musical preferences but also offers a reflective discussion on how songs evoke different emotions and memories. Tune in to discover their thoughts and perhaps find new favorites or revisit old classics.

Key highlights:

  • Happy Songs
  • Nostalgic Songs
  • Confident Songs
  • Gym Songs
  • Love Songs
  • Sad Songs

Other Hill Country Focused Podcasts

Hill Country Authors Podcast

Hill Country Artists Podcast

Texas Hill Country Podcast Network

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AI Today in 5

AI Today in 5: October 31, 2025, The Happy Halloween Edition

Welcome to AI Today in 5, the newest edition to the Compliance Podcast Network. Each day, Tom Fox will bring you 5 stories about AI to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the AI Today In 5. All, from the Compliance Podcast Network. Each day, we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest related to AI.

Top AI stories include:

  1. Why are AI disclosures surging? (Journal of Accountancy)
  2. AI model risk management. (FinTechGlobal)
  3. State AI chatbot bills. (Politico)
  4. How to AI-proof yourself at work. (Bloomberg)
  5. Nvidia becomes the first $ 5 trillion-valued company. (WSJ)

For more information on the use of AI in Compliance programs, my new book, Upping Your Game. You can purchase a copy of the book on Amazon.com.

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Daily Compliance News

Daily Compliance News: October 31, 2025, The Happy Halloween Edition

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 in to the Daily Compliance News. All, from the Compliance Podcast Network. Each day, we consider four stories from the business world, including compliance, ethics, risk management, leadership, or general interest, relevant to the compliance professional.

Top stories include:

  • Boeing hit with $5bn in late fee penalties. (BBC)
  • Corruption probe at Historic Environment Scotland. (BBC)
  • KPMG, Novo Banco targeted in corruption probe. (Bloomberg)
  • Don’t lose your luggage on Air France. (NYT)

The Daily Compliance News has been honored as the No. 2 in the Best Regulatory Compliance Podcasts category.

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Compliance Tip of the Day

Compliance Tip of the Day – Persuasion and Compliance

Welcome to “Compliance Tip of the Day,” the podcast that brings 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 goal is to provide you with bite-sized, actionable tips to help you stay ahead in your compliance efforts. 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.

Today, we discuss how ‘Persuasion Science’ can help compliance.

For more information on this topic, refer to The Compliance Handbook: A Guide to Operationalizing Your Compliance Program, 6th edition, recently released by LexisNexis. It is available here.

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Regulatory Ramblings

Regulatory Ramblings: Episode 81 – The Compliance Implications of Chinese Wealth Flooding Singapore // Spotlight on: HK Regulators Moving Digital Assets Forward

Today’s podcast begins with a brief discussion in our spotlight segment featuring a returning guest, Donald Day of VDX, on the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority’s (HKMA) newly issued supplemental circular, which updates the framework for intermediaries’ virtual asset activities.

Following that, we chat with Philippa Allen of IQ-EQ about the compliance implications of a large number of high-net-worth mainland Chinese individuals parking their funds – and, all too often, themselves and their families – in Singapore in recent times, especially since the pandemic.

Biography:

Donald Day is the Chief Operating Officer of VDX, a fintech startup in Hong Kong committed to building a digital asset ecosystem for institutional investors. He was previously the SFC’s in-house crypto expert at the SFC, Hong Kong’s capital markets regulator, where he helped shape the licensing regime for virtual asset trading platforms and designed and led the supervision of virtual asset fund managers and trading platforms.

Donald is a veteran of Deutsche Bank and Accenture. He was a co-founder, partner, and CTO at Bletchley Park Asset Management, an institutional-grade crypto hedge fund where he led systematic portfolio management.

Having served many roles at brokerage houses and hedge funds, including as COO of Qantex, a pan-Asian OTC derivatives brokerage, as a Delta-1 trader at Segantii, a multi-strategy hedge fund, and as a quantitative strategist and trader at Deutsche Bank. He began his career in Accenture’s capital markets practice, where he helped design and build world-class trading systems for some of the largest equity and derivatives exchanges.

Donald holds an MBA from the London Business School and a master’s degree in computer science from LMU University Munich.

Philippa Allen is the managing director of Regulatory Compliance, Asia at IQ-EQ. A compliance veteran, she has over 30 years of extensive experience in business and regulation across Asia.

She founded ComplianceAsia Consulting in early 2003. ComplianceAsia has been a part of IQ-EQ since August 2023. Previously, Philippa served as the head of compliance for the Asia-Pacific region at Dresdner Bank, based in Hong Kong, and at GT Asset Management (now part of LGT Asset Management). She was one of the drafters of the original Fund Manager Code of Conduct for Hong Kong’s SFC, and is involved in numerous submissions to regulators and lobbying efforts with financial industry bodies.

She graduated from the University of Western Australia with a Bachelor of Jurisprudence and Bachelor of Laws (LLB) degree. Upon graduation, she commenced practice as a barrister and solicitor for Freehill Hollingdale and Page, in Perth, Western Australia.

Philippa is also a frequent speaker at financial industry conferences and technical panels, and a member of various industry representative bodies, including the Asia Securities Industry & Financial Markets Association, the Hong Kong Venture Capital Association, AIMA, SFAA, and SVCA.

Discussion:

Our initial spotlight segment begins with reference to a recent LinkedIn Post authored by Don, entitled Hong Kong Raises the Bar in Digital Finance. He praised the SFC and HKMA’s recent circular update on the territory’s framework for intermediaries engaged in virtual asset activities.

Key changes include permitting licensed firms to offer staking services, as well as “use off-platform execution channels, and facilitate subscriptions/redemptions in virtual assets, giving institutions and investors greater flexibility. At the same time, retail clients remain protected through knowledge tests, suitability checks, and strict custody standards,” Don said, stressing that protection of retail customers was a key goal.

Emphasizing his optimism for the territory’s prospects to Regulatory Ramblings host Ajay Shamdasani, Don noted that such updates “show how Hong Kong is balancing innovation with trust, reinforcing its role as a leading global hub for regulated digital assets and institutional adoption.”

Don pointed out that Appendices A and B of the circular provide the updated licensing and compliance terms.

“These refinements balance market development with safeguards, further cementing Hong Kong’s role as a global hub for regulated digital assets,” he said.

Don concludes his remarks by stating that the right balance has been struck between market development and adequate guardrails, while also providing room for growth and innovation in Hong Kong’s digital assets market and promoting its position as a well-regulated global hub.

Following that, we speak with Philippa, who shares a bit about her personal and professional background, telling us about her roots in Australia, what drew her to the legal profession, and ultimately, to careers in compliance, consulting, and entrepreneurship.

We then delve into the rapid increase in wealth within post-pandemic Singapore – particularly from the arrival of wealthy mainland Chinese high-net-worth individuals (HNWIs) – and what that has meant for greater regulatory scrutiny in the Lion City’s private banking, wealth management, and family office sectors. Against this backdrop, Philippa shares her impressions of Singapore’s evolving regulatory landscape, the importance of robust compliance, and how firms can proactively adapt their strategies to navigate heightened expectations, while also maintaining client trust and operational excellence.

The discussion then turns to how HNWIs from mainland China often have ties to the government. Philippa remarks on when individuals should be presumed to be politically exposed persons (PEPs), what risks being a PEP entails, and when a former PEP is no longer considered to be such. As she stresses, the label and designation should not be applied expansively.

The conversation concludes with Philippa commenting on the efficacy of the UK’s Financial Conduct Authority’s (FCA’s) recently opened APAC office in Australia.

Regulatory Ramblings podcasts is brought to you by The University of Hong Kong – Reg/Tech Lab, HKU-SCF Fintech Academy, Asia Global Institute, and HKU-edX Professional Certificate in Fintech, with support from the HKU Faculty of Law.

Useful links in this episode:

You might also be interested in:

Connect with RR Podcast at:

LinkedIn: https://hk.linkedin.com/company/hkufintech 
Facebook: https://www.facebook.com/hkufintech.fb/
Instagram: https://www.instagram.com/hkufintech/ 
Twitter: https://twitter.com/HKUFinTech 
Threads: https://www.threads.net/@hkufintech
Website: https://www.hkufintech.com/regulatoryramblings 

Connect with the Compliance Podcast Network at:

LinkedIn: https://www.linkedin.com/company/compliance-podcast-network/
Facebook: https://www.facebook.com/compliancepodcastnetwork/
YouTube: https://www.youtube.com/@CompliancePodcastNetwork
Twitter: https://twitter.com/tfoxlaw
Instagram: https://www.instagram.com/voiceofcompliance/
Website: https://compliancepodcastnetwork.net

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Blog

Compliance Lessons from Claude Rains – The Invisible Man

Ed. Note: We conclude our five-part blog post series on compliance lessons from Classic Universal Movie Monsters this week by examining one of the lesser-known movies and monsters: The Invisible Man. Accompanying this blog post series are Fiona and Timothy, who review the movie and share their thoughts on the compliance lessons from this classic, starring Claud Rains. They appear on a special series on the Popcorn and Compliance, part of the Compliance Podcast Network.

When Claude Rains debuted in James Whale’s 1933 film The Invisible Man, audiences were introduced to one of Universal Pictures’ most chilling and thought-provoking monsters. Unlike Frankenstein’s creature or the Wolf Man, Rains’s Jack Griffin is not a tragic victim of fate. He is a brilliant scientist who, after discovering a formula for invisibility, loses all sense of restraint and morality. His newfound freedom from accountability drives him to madness, violence, and destruction.

For compliance professionals, The Invisible Man is a powerful allegory about transparency, accountability, and the risks of unchecked power. Rains’s chilling laugh and the image of clothing moving without a body remind us that when actions go unseen, misconduct is most likely to flourish. The compliance program’s task is to make the invisible visible.

We conclude our special Classic Universal Monster series for October 2025 by examining five key lessons in compliance from the Claude Rains film, The Invisible Man.

1. Lack of Transparency Breeds Misconduct

Griffin’s transformation into the Invisible Man immediately removes the ordinary constraints of social behavior. Knowing that others cannot see him, he becomes bolder, more reckless, and ultimately violent. His invisibility grants him a sense of impunity.

This is the same danger corporations face when operations, transactions, or third parties operate without transparency. Hidden bank accounts, shell companies, off-the-books payments. These are the “invisible” spaces where bribery, fraud, and misconduct thrive. Regulators, such as the DOJ and SEC, consistently emphasize transparency as a cornerstone of compliance, as opacity often enables wrongdoing.

Compliance takeaway: Compliance officers must eliminate blind spots. Use data analytics to detect unusual transactions, require third-party disclosures, and insist on clear documentation. Invisibility may be thrilling in fiction, but in business, it is a direct path to misconduct.

2. Power Without Accountability Is a Recipe for Abuse

Griffin revels in his power. “An invisible man can rule the world! No one will see him come, no one will see him go,” he boasts. But stripped of accountability, his brilliance is corrupted. What begins as a scientific achievement devolves into tyranny.

Organizations face the same risk when individuals wield unchecked power. A star salesperson who brings in revenue but defies compliance controls, a regional manager who operates “off the radar,” or a senior executive whose behavior goes unquestioned, these are real-world Invisible Men. Without oversight, they can manipulate systems, pressure subordinates, and expose the company to massive legal and reputational harm.

Compliance takeaway: Build accountability into every level of the organization. No one should be exempt from oversight, not even high performers or senior leaders. Clear escalation pathways, independent reporting to the board, and consistent enforcement of rules ensure that power remains accountable.

3. Culture Determines Whether Controls Work

What makes Griffin’s story chilling is not only his invisibility, but how others respond to it. At first, they are horrified. However, some characters quickly fall into denial, hoping the threat will subside. Others are fascinated, drawn in by his apparent power. Ultimately, fear dominates; no one wants to confront him directly.

This dynamic mirrors corporate culture. Even the best-designed controls fail if the culture tolerates misconduct, ignores warning signs, or allows fear to silence employees. Culture determines whether employees speak up or stay silent, whether compliance officers are respected or marginalized, and whether ethical boundaries are enforced or ignored.

Compliance takeaway: Compliance officers must relentlessly shape and measure culture. Culture surveys, hotline analytics, and focus groups are as important as transaction monitoring. If employees are too afraid to confront misconduct—or too fascinated by results to ask questions—compliance controls will never succeed.

4. Risk Becomes Exponential When Innovation Outpaces Ethics

The core of The Invisible Man is a cautionary tale about the dangers of innovation. Griffin’s formula is groundbreaking, but it was developed without consideration of ethics, risk assessment, or oversight. His scientific achievement outpaces his moral responsibility, leading to catastrophe.

This is the same challenge corporations face today with artificial intelligence, biotechnology, and other emerging technologies. Innovation is valuable, but when ethics and compliance lag, risks multiply. Regulators are increasingly focused on whether companies consider the ethical implications, not just the technical achievements.

Compliance takeaway: Compliance must be embedded in innovation. New products, markets, or technologies should undergo compliance risk assessments, just as they undergo financial or safety reviews. Ethics cannot be an afterthought; it must guide innovation from the start.

5. Crisis Preparedness Is Non-Negotiable

The climax of the film shows villagers and authorities in chaos. They have no plan for dealing with an invisible adversary. Panic ensues. Griffin wreaks havoc until circumstances, not preparation, bring him down.

For organizations, this is a vivid illustration of why crisis preparedness matters. Whether it is a corruption investigation, a cyberattack, or an ESG controversy, chaos reigns if companies are unprepared. By the time regulators or the media arrive, it is often too late to design an effective crisis response.

Compliance takeaway: Compliance programs must include crisis management planning. This means having clear incident response procedures, conducting tabletop exercises, and ensuring cross-functional coordination. Preparedness is the difference between chaos and resilience.

Conclusion: Making the Invisible Visible

Claude Rains’s Invisible Man endures because it speaks to something primal, the fear of what cannot be seen. For compliance professionals, it resonates because much of our work involves uncovering the unseen: hidden risks, opaque transactions, and cultural undercurrents.

The Invisible Man reminds us that risk is most dangerous when it is hidden, when accountability is absent, and when systems fail to shine light into the shadows. The task of compliance is to make the invisible visible, to detect what others cannot see, to enforce accountability, and to ensure that innovation and power operate within ethical boundaries.

The Invisible Man, as portrayed by Claude Rains, is not just a horror story; rather, it is a commentary on the nature of compliance. For organizations, the real monster is not invisibility itself, but the complacency that allows invisible risks to thrive unchecked. Our job is to ensure that nothing in our organizations operates unseen.

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Compliance and AI

Compliance and AI: Automate the Noise Away – The Future of Financial Crime Detection with Oracle’s Jason Somrak

What is the role of Artificial Intelligence in compliance? What about Machine Learning? Are you using ChatGPT? These questions are just three of the many we will explore in this cutting-edge podcast series, Compliance and AI, hosted by Tom Fox, the award-winning Voice of Compliance. In this insightful episode, Tom Fox interviews Jason Somrak, Chief of Product & Strategy – Financial Crime & Compliance at Oracle Financial Services Software Limited.

They delve into the evolving role of AI in combating financial crimes and the proactive potential of AI in compliance investigations. Highlighting the transformative power of AI, Jason explains its applications, ranging from detection to investigation, and its impact on regulatory practices. They also discuss future emerging challenges in risk management and the collaboration between humans and AI in enhancing financial crime detection and compliance.

Key highlights:

  • AI’s Role in Financial Crime Prevention
  • Proactive and Preventive Measures
  • AI in Investigations and Triage
  • Automating the Noise Away
  • Regulatory Interactions and Challenges
  • Emerging Challenges in Risk Management
  • Future of AI in Compliance
  • Corporate Culture and AI Adoption

Resources:

Jason Somrak on LinkedIn

Oracle Financial Services

Tom Fox

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