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Supporting Whistleblowers: Lessons from Lon Chaney’s The Wolfman

Ed. Note: This week, leading up to Halloween, I will examine lessons for compliance professionals through the lens of the great Universal Movie Monsters: Frankenstein, Wolfman, Dracula, and The Mummy. Today, we use Lon Chaney’s original film version of The Wolfman. 

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Of all the great Universal movie monsters, my favorite is found in the 1941 film The Wolfman. Lon Chaney’s portrayal of Larry Talbot offers more than just a classic horror story about a man who becomes a werewolf. It’s a tale of isolation, fear, and a struggle for survival in the face of an overwhelming and terrifying transformation. In short, it is the most psychological of all the Universal movie monsters. Much like a corporate whistleblower, Talbot finds himself caught in a situation where the truth is a burden, and no one wants to listen. Instead of being understood and supported, he is feared, rejected, and left to fend for himself.

For compliance professionals, The Wolfman provides a vivid metaphor for the journey of whistleblowers. Whistleblowers often find themselves isolated, facing potential retaliation, and struggling to navigate the consequences of their decision to report wrongdoing. In this post, we’ll explore how to create a culture that encourages whistleblowers to come forward, keeps them informed throughout the process, and protects them from retaliation, all through the lens of The Wolfman. We will also assess the 2024 Evaluation of Corporate Compliance Programs (2024 ECCP) and Nicole Argentieri’s commentary on these issues.

Creating a Safe Space: Encouraging Whistleblowers to Come Forward

In The Wolfman, Larry Talbot is plagued by the knowledge of his transformation, but he finds no one willing to help or believe him. He is trapped in his new reality, just as whistleblowers can feel trapped by the knowledge of corporate misconduct. The first step in supporting whistleblowers is creating an environment where they feel safe and encouraged to speak up.

The 2024 ECCP underscores the importance of building a culture where employees feel empowered to raise concerns without fear. It emphasizes the need for companies to proactively encourage internal reporting mechanisms, making it clear that the company values integrity and transparency. Compliance professionals must ensure that reporting channels are available, actively promoted, and trusted.

In her commentary on the 2024 ECCP, Nicole Argentieri highlights that one key element in encouraging whistleblowers is leadership’s tone from the top. Executives and senior management must demonstrate a commitment to ethical behavior, ensuring that whistleblowing is accepted and valued. Whistleblowers need to know that their reports will be taken seriously and their concerns will be addressed.

Talbot’s cries for help go unheard in The Wolfman, leading to disastrous consequences. In the corporate world, businesses must avoid this fate by ensuring whistleblowers are not ignored or dismissed. The 2024 ECCP recommends that companies provide multiple, accessible channels for reporting, including anonymous options so that employees feel comfortable coming forward regardless of their circumstances.

Transparency Throughout the Process: Keeping Whistleblowers Informed

Just as Larry Talbot struggles with the unknown and is left in the dark about his fate, whistleblowers often find themselves cut off after making a report. They may need clarification about what’s happening with their complaint, whether it’s being investigated, and the next steps. This lack of communication can discourage future whistleblowers and lead to feelings of abandonment.

The 2024 ECCP stresses the importance of maintaining open lines of communication with whistleblowers throughout the investigation process. Once a report has been made, it is critical to keep whistleblowers informed about the status of their complaint. This does not mean sharing sensitive investigation details but providing regular updates so that the whistleblower knows their concerns are being taken seriously.

Argentieri has echoed this sentiment, noting that one of the most common frustrations whistleblowers face is a lack of transparency after they come forward. She argues that compliance teams must ensure whistleblowers are not wondering what will happen next. A well-managed whistleblower program includes clear communication protocols that keep whistleblowers engaged and reassured.

In The Wolfman, Talbot’s inability to find answers drives him to despair. Businesses must avoid this by ensuring whistleblowers feel supported and heard throughout the process. Compliance officers should regularly touch base with whistleblowers, letting them know that their concerns are being addressed, that their identity is being protected and that appropriate actions are being taken.

Protection from Retaliation: Safeguarding Whistleblowers

One of the central themes in The Wolfman is Larry Talbot’s fear of being hunted and rejected. Similarly, whistleblowers often fear retaliation, whether in the form of termination, demotion, or ostracization. Protecting whistleblowers from retaliation is a legal obligation and a moral imperative that helps foster a culture of compliance and trust.

The 2024 ECCP strongly emphasizes retaliation protections. It advises that companies must have robust policies to prevent retaliation and provide clear avenues for whistleblowers to report any retaliatory behavior. This means more than just having a policy on paper—compliance teams must actively enforce these protections and monitor for any signs of retaliation.

Nicole Argentieri has weighed in on this issue, noting that while many companies claim anti-retaliation policies, enforcement can be lacking. She emphasizes the need for companies to create a system of checks and balances to ensure that retaliation does not occur, particularly in the form of subtle, indirect actions that might otherwise go unnoticed. Retaliation doesn’t always come as a formal firing—it can be a change in duties, exclusion from meetings, or a negative shift in workplace relationships.

In The Wolfman, Talbot becomes a hunted figure, chased down by those who fear and misunderstand him. In the corporate world, whistleblowers must never feel like they are being hunted or targeted for their decision to report misconduct. The ECCP advises companies to protect whistleblowers and offer additional support services, such as counseling, if needed, to help them navigate the emotional strain of coming forward.

Building a Culture of Trust and Integrity

The most important lesson from The Wolfman is the need for trust. Larry Talbot finds himself abandoned and isolated because the people around him refuse to trust his warnings. A strong compliance program must avoid this trap by building a culture of trust and integrity. Employees need to believe that they will be treated fairly, protected, and supported if they come forward with a report.

The 2024 ECCP highlights that trust is the foundation of a successful compliance program. Companies must work to build an environment where whistleblowers are seen as vital contributors to the company’s ethical health. This includes recognizing the courage it takes to come forward and offering praise or acknowledgment for whistleblowers who help protect the company from greater risks.

Argentieri has noted that companies should integrate their whistleblower programs into the broader corporate culture, making whistleblowing a routine and accepted part of the business rather than an extraordinary act of bravery. This normalization of whistleblowing helps to remove the stigma and encourages more employees to speak up when they see something wrong.

Creating a Supportive Whistleblower Program

The Wolfman offers us a powerful analogy for the journey of whistleblowers within a company. Like Larry Talbot, whistleblowers often face fear, isolation, and a lack of support. However, the lessons from The Wolfman, coupled with the guidance from the 2024 ECCP and Nicole Argentieri’s commentary, provide a roadmap for how companies can create a more supportive environment for whistleblowers.

Encouraging whistleblowers starts with creating a culture where employees feel safe and empowered to report misconduct. Keeping them informed throughout the process is essential for maintaining their trust and confidence. Finally, protecting whistleblowers from retaliation ensures that they—and others—continue to feel comfortable raising concerns.

By building a robust and transparent whistleblower program, compliance professionals can help their organizations navigate the complexities of corporate risk, protect their employees, and safeguard the company’s reputation. In doing so, they avoid the tragic fate of The Wolfman and create an environment where the truth is not a burden but a pathway to a stronger, more ethical company.

Join us tomorrow for our final consideration of compliance through the classic Universal Movie Monsters lens as we consider corporate culture and Boris Karloff’s version of The Mummy.

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Compliance Tip of the Day

Compliance Tip of the Day: Compliance Lessons from Boris Karloff’s Frankenstein

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.

How does the Boris Karloff version of Frankenstein inform your compliance program?

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Sunday Book Review

Sunday Book Review: October 27, 2024 The New Business Books Edition

In the Sunday Book Review, Tom Fox considers books that would interest the compliance professional, the business executive, or anyone who might be curious. It could be books about business, compliance, history, leadership, current events, or anything else that might interest me.

In today’s edition of the Sunday Book Review, we look at four top new business books for October.

  1. Analytics by John Thompson and Shawn Rogers
  2. Unspoken by Ella Washington
  3. Glad We Met by Stephen Rogelberg
  4. Exactly by Simon Winchester

Resources:

For an audio/video version of the Compliance Kids book, Speaking Up is AWESOME, contact Tom Fox.

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10 For 10

10 For 10: Top Compliance Stories For The Week Ending October 26, 2024

Welcome to 10 For 10, the podcast which brings you the week’s Top 10 compliance stories in one podcast each week. Tom Fox, the Voice of Compliance brings to you, the compliance professional, the compliance stories you need to be aware of to end your busy week. Sit back, and in 10 minutes hear about the stories every compliance professional should be aware of from the prior week.

Every Saturday, 10 For 10 highlights the most important news, insights, and analysis for the compliance professional, all curated by the Voice of Compliance, Tom Fox. Get your weekly filling of compliance stories with 10 for 10, a podcast produced by the Compliance Podcast Network.

  • Former A&F CEO arrested for sex trafficking. (WSJ)
  • Peru’s ex-President gets 20 years for corruption. (NPR)
  • Charges dropped against Tigran Gambaryan in Nigeria.  (Wired)
  • The Quid Pro Quo-Judge Aileen Cannon on Trump’s short list to be AG. (ABC)
  • FinCEN fines CA Casino over AML violations.  (WSJ)
  • Harris looking at crypto friendly types to head SEC. (Unchained)
  • EY fires staff who took multiple online training courses at the same time.  (FT)
  • Preventing bad behavior at work. (FT)
  • Extreme forum shopping. (CoinDesk)
  • An analysis of Supreme Court’s legalization of corruption.     (NYT)

Connect with Tom 

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Because That's What Heroes Do

Deep Space 9: Episode 15 – Trials and Tribble – ations: Homage, Innovation, and Time Travel Intrigue

Get ready for an exciting new season of Because That’s What Heroes Do. In this season, they take a deep dive into their favorite 15 episodes of Deep Space 9. In this exploration, Tom and Megan are joined by Star Trek maven, Alex Murphy, (Murphy) from Montreal, who is a local historian, cinema and tv fan with a love for weird foreign films, all things horror, and obscure media. He has been watching Trek since he was a tiny punk, and it’s been a lifelong love. In this episode, the team reviews the DS9 tribute episode for Star Trek, the Original Series, Trials and Tribble-ations.

Celebrating the 25th anniversary of ‘The Original Series,’ this episode masterfully blends nostalgic references with technical innovations. Our hosts walk you through the recreation of the TOS aesthetic using 60s lenses, the seamless integration of DS9 characters into classic scenes, and amusing character interactions, such as Dax’s enthusiasm for the time period and Worf’s Tribble troubles. We also delve into in-universe explanations for changing Klingon appearances and highlight various Easter eggs honoring TOS (and more), like the Mulder and Scully and Dax’s admiration for Spock. Amidst the nostalgia, we touch on significant plot mechanics, including the Orb of Time and its implications for the DS9 universe, reflecting on the political intrigue and alliances with the Federation. Through engaging anecdotes and behind-the-scenes stories, we celebrate the joyful craft and love that define this special episode while hinting at deeper topics in upcoming discussions.

Key Highlights:

  • Technical Marvels and Behind-the-Scenes Insights
  • The Story Behind the Episode’s Creation
  • Easter Eggs and Fun References
  • Megan’s Thoughts on the Temporal Police
  • The Klingon Appearance Mystery
  • The Orb of Time and Cardassians

Resources:

Megan Dougherty 

LinkedIn

One Stone Creative

Tom 

Instagram

Facebook

YouTube

Twitter

LinkedIn

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Compliance Tip of the Day

Compliance Tip of the Day: TD Bank Lessons Learned – The Penalty of Growth Restrictions

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.

The OCC not only put on a growth restriction on TD Bank but will further increase the penalty if the Bank fails to meet compliance obligations.

 

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Into the Darkness

Into the Darkness – Behind the Lens: CJ Goodwyn’s Cinematic Journey to Sherlock Holmes – Mare of the Night

Into the Darkness: CJ Goodwyn’s Vision of Sherlock Holmes: Mare of the Night is a deep dive into the creative journey behind an ambitious reimagining of the Sherlock Holmes legacy. This 10-part podcast series will unravel the entire movie production process, offering listeners an insider’s look into the making of Sherlock Holmes Mare of the Night, a film that blends the mystique of classic Sherlock Holmes with a dark, supernatural twist. In episode 1, we will discuss the Spark of Inspiration that led to Goodwyn’s original vision for a darker Holmes and the story’s evolution from concept to screenplay to film production to post-production to the Red Carpet.

Join host Tom Fox as he sits down with director CJ Goodwyn to explore his remarkable transition from a Hill Country upbringing to a thriving career in independent filmmaking. Goodwyn discusses how his passion for storytelling and acting resurfaced after his athletic pursuits ended, leading him to create his debut feature film, GH5, and its prequel, Jackson. This episode delves into the collaborative bonds formed with actors like Les Best, post-production challenges, and the intricate on-set processes such as fight choreography in his film ‘Eyes of a Roman.’ Hear about the realities of film distribution on platforms like Amazon Prime and Film Hub, the modest financial returns despite substantial viewership, and the lessons learned from producing three indie films. Goodwyn emphasizes the importance of patience, technical skills, and robust audio quality while advocating for better financial structures to support indie filmmakers.

Highlights Include:

  • The Joy of Filmmaking: On-Set Experiences
  • Teaching and Mentoring on Set
  • Challenges and Rewards of Filmmaking
  • Favorite Aspects of Filmmaking
  • Financial Realities of Indie Filmmaking
  • Technical Aspects: Lighting, Blocking, and Audio

Resources:

Sherlock Holmes-Mare of the Night

On Facebook

TriGoodwyn Productions

Mare of the Night Halloween Party – Tickets and Information

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Daily Compliance News

Daily Compliance News: October 25, 2024 – The 80 Hour Work Week 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 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:

  • The 80-hour workweek circuit breaker. (FT)
  • Why didn’t Boeing answer the Lion Air question on the safety of 737MAX. (NYT)
  • FInCEN fines CA Casino over AML violations. (WSJ)
  • Will AI make employee burnout worse? (BBC)

Categories
12 O’Clock High-a podcast on business leadership

12 O’Clock High, a podcast on business leadership – Finding Your Voice – How Caroline Biesalski Transformed Your Life and Profession

In this engaging episode, Tom Fox interviews Caroline Biesalski, an accountant turned podcast host and coach, who shares her inspiring journey from the accounting world to podcasting. Biesalski discusses her chapter in ‘Circle of the One Volume One’ and her successful ‘Inspired Choice Podcast,’ where she has conducted over 400 interviews in nine months. She delves into the critical role of intuition and influential works such as Napoleon Hill’s ‘Think and Grow Rich’ in shaping her path.

Biesalski highlights strategies for unlocking success and authentic voices in corporate settings, emphasizing structured dedication, goal-focused thinking, and the importance of speaking from the heart. Additionally, she touches on the significance of making inspired choices and being proactive in changing one’s professional and personal circumstances. Caroline invites listeners to participate in her free daily book study on Be Connected and shares her aspirations for future in-person events and charitable projects focused on education and community.

Key Highlights:

  • Journey from Accounting to Podcasting
  • The Turning Point: From Burnout to Breakthrough
  • The Influence of Napoleon Hill’s ‘Think and Grow Rich’
  • Building Trust and Rapport
  • Discovering Passion in the Corporate World

Resources:

Caroline Biesalski on LinkedIn

Inspired Choice podcast

Tom Fox

Instagram

Facebook

YouTube

Twitter

LinkedIn

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Regulatory Ramblings

Regulatory Ramblings: Episode 56 – The Intersection of Financial Crime and Cryptocurrencies with Chengyi Ong

Chengyi Ong leads public policy in the Asia-Pacific region for Chainalysis from the firm’s regional headquarters in Singapore. Drawing on Chainalysis’s blockchain data analytics platform, she works with public and private sector stakeholders to distill developments in digital asset markets and their intersections with global and regional regulatory trends.

Before joining Chainalysis, Chengyi spent 13 years at the Monetary Authority of Singapore, holding roles in financial regulation and supervision, financial sector development, and central banking. She also served as the Advisor to the Executive Director for Southeast Asia at the International Monetary Fund.

In this episode of Regulatory Ramblings, she talks to host Ajay Shamdasani about the intersection of money laundering, financial crime, and cryptocurrencies.

The conversation begins with Chengyi describing her upbringing, formative years, career path choice, and time as a regulator at the MAS. She then discusses what Chainalysis does, its market position, and her interest in the digital asset sector.

She shares her views on the rising levels of both crypto-native and non-crypto-native money laundering, why such trends are growing, and the types of crimes emanating from Asia, making reference to key findings from Chainalysis’ recent report on the matter, including the 2024 Crypto Crime Report and the 2024 Crypto Money Laundering Report (links below).

Chengyi also discusses her thoughts on stablecoins being used for money laundering, what her firm’s report says about the destination of illicit funds, and the best ways to prevent crypto-native money laundering – especially in the Asia-Pacific. To that end, she is candid about what regional regulators should do to tackle this issue, noting that more needs to be done. What ensues is a deeper chat about what regulators’ role in ferreting financial crime should be vis a vis cryptocurrency exchanges and financial institutions – the latter of which are financial gatekeepers in their own right.

The conversation concludes with Chengyi reflecting on the arc of her career and how AML regulations have evolved in APAC over the years. She stresses that in an age of aggressive enforcement actions, sanctions, and not insubstantial fines, it will be imperative for organizations to verify the entities they are transacting with and engaging with. She offers some suggestions as to how they may do so.

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:

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