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FCPA Compliance Report

FCPA Compliance Report – Candice Tal on Due Diligence: Levels and Evaluation

Welcome to the award-winning FCPA Compliance Report, the longest running podcast in compliance. Join Tom Fox, the host of FCPA Compliance Report, as he speaks with Candice Tal, founder and CEO of Infortal. Get ready to boost your compliance program in this exciting episode of FCPA Compliance Report. In this episode, Tom and Candice discuss the three levels of due diligence typically used to investigate joint venture partners and senior executives and the significance of conducting thorough due diligence. Level one is for low-risk situations, level two is for moderate-risk situations, and level three is for high-risk situations that require deep dark web searches. The key takeaways are to never skimp out on basic due diligence and to consider level three due diligence for high-risk areas or key executives. Don’t miss out on this informative episode of FCPA Compliance Report hosted by Tom Fox and featuring Candice Tal!

 Key Highlights

·      Introduction of Candice Tal

·      What are the 3 levels of due diligence.

·      What is deep dive due diligence.

·      Finding reputational issues.

·      Evaluating due diligence.

Notable Quotes

“Due diligence typically is sorted out into 3 general levels or tiers.”

“If you’re not doing deep dive due diligence, you’re not finding reputational issues.”

“You just can’t find reputational issues on database searches.”

Resources

Candice Tal on LinkedIn

Infortal

Tom Fox

Instagram

Facebook

YouTube

Twitter

LinkedIn

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Compliance Week Conference Podcast

Ann Marie Wick – A Case Study on Calculating & Cultivating a Compliance Culture to Reduce Risks and Advance Strategic Objectives

In this episode of the Compliance Week 2023 Speaker Preview Podcasts series, Ann Marie discusses some of her panel at Compliance Week 2023, “A Case Study on Calculating & Cultivating a Compliance Culture to Reduce Risks and Advance Strategic Objectives.”

Some of the issues she will discuss in her presentation are:

  • How one organization went beyond general culture or employee surveys and learned what your organization could do to reliably measure, benchmark, and improve your culture over time;
  • Developing a robust approach for demonstrating the ROI of your compliance program; and
  • How one organization strengthened its compliance program and company culture, with takeaways on demonstrating your commitment to a culture of compliance in the eyes of enforcement agencies.

I hope you can join me at Compliance Week 2023. This year’s event will be May 15-17 at the JW Marriott in Washington, DC. The line-up of this year’s event is simply first-rate, with some of the top ethics and compliance practitioners around.

Gain insights and make connections at the industry’s premier cross-industry national compliance event offering knowledge-packed, accredited sessions and take-home advice from the most influential leaders in the compliance community. Back for its 18th year, compliance, ethics, legal, and audit professionals will gather safely face-to-face to benchmark best practices and gain the latest tactics and strategies to enhance their compliance programs. And many others to:

  • Network with your peers, including C-suite executives, legal professionals, HR leaders, and ethics and compliance visionaries.
  • Hear from 75+ respected cross-industry practitioners who are CEOs, CCOs, regulators, federal officials, and practitioners to help inform and shape the strategic direction of your enterprise risk management program.
  • Hear directly from the two SEC Commissioners, gain insights into the agency’s enforcement areas, and walk away with guidance on remaining compliant within emerging areas such as ESG disclosure, third-party risk management, cybersecurity, cryptocurrency, and more.
  • Bring actionable takeaways from your program from various session types, including ESG, Human Trafficking, Board obligations, and many others, for you to listen, learn and share.
  • Compliance Week aims to arm you with information, strategy, and tactics to transform your organization and career by connecting ethics to business performance through process augmentation and data visualization.

I hope you can join me at the event. For information on the event, click here. Listeners of this podcast will receive a discount of $200 by using code TF200 on the link here.

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Daily Compliance News

Daily Compliance News: May 8, 2023 – The Vast Wasteland 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.

Stories we are following in today’s edition:

·       US allows some banks to process Russia energy sales  (WSJ)

·       Ukraine has had some success in fighting corruption   (FT)

·       With apparently nothing done, Belgium defends its handling of Qatargate. (FT)

·       Newton Minow dies. (NYT)

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Sunday Book Review

Sunday Book Review: May 7, 2023 – The Yale Press Edition

In the Sunday Book Review, I consider 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 recent releases from the Yale University Press:

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Kerrville Weekly News Roundup

Kerrville Weekly News Roundup: May 5, 2023

Welcome to the Kerrville Weekly News Roundup. Each week, veteran podcaster Tom Fox and his colleagues Andrew Gay and Gilbert Paiz get together to go over a couple of their favorite stories from the past week from Kerrville and the greater Hill Country. Sit back, enjoy a cup of morning coffee and listen in to get a wrap up of the Kerrville Weekly News. We each consider two of our favorite stories and talk about the upcoming weekend’s events which will enjoy or participate in this weekend.

In this episode, Tom, Gilbert and Andrew discuss the following stories which caught their attention over the past week.

  • Tom talks the Commissioner’s Court decision to hire a health care professional, City of Kerrville lawn and brush removal and King Charles coronation.
  • Gilbert talks about the upcoming city elections and the history and celebrations of Cinco de Mayo. He also reminds citizens to vote in the City and School District elections
  • Andrew talks charity events this weekend and hopes for good weather for outdoor activities.

Resources

Tom Fox on LinkedIn

Gilbert Paiz on LinkedIn

Andrew Gay on LinkedIn

Texas Hill Country Podcast Network

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Because That's What Heroes Do

Picard, Season 3, Episode 6 – The Bounty

Get ready for an exciting new season of Because That’s What Heroes Do. In it, Megan and Tom review Picard, Season 3. In this episode, they discuss Episode 6, The Bounty. Join Megan and Tom as they attempt to figure out the ship names at the Space Museum while exploring the interpersonal character motivations between Geordi and Sidney. They disagree over whether Geordi was wrong for imposing his will on his daughter’s career choice. Later, they explore the development of Moriarty and Lore’s conflict, wish for more in-depth exploration, and grade the likelihood of the two characters hooking up by the end of the season. Finally, they discuss Seven of Nine’s emotional journey, her breakup with Raffi, and her poignant moment with a model of Voyager. Enjoy the fun with Megan and Tom and download and listen to ‘Because That’s What Heroes Do’ now!

Highlights

  • Discussion of the action-packed “Bounty” episode
  • Geordi’s attitude toward his daughter on Star Trek
  • Analysis of Moriarty’s role in Star Trek
  • Character Development of Seven of Nine
  • Possible Love Connection Between Characters
  • Easter Eggs

 Resources

Megan Dougherty 

LinkedIn

One Stone Creative

Twitter

Tom 

Instagram

Facebook

YouTube

Twitter

LinkedIn

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Daily Compliance News

Daily Compliance News for May 6, 2023 – The Largest Ever Whistleblower Award 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.

Stories we are following in today’s edition:

  • The US should stay engaged with Ukraine. (National Review)
  • SEC awards the largest ever whistleblower amount, $279MM. (Reuters)
  • Coinbase says if SEC lets it go public, it can’t be charged with securities law violations. (WSJ)
  • Goldman Sachs is under investigation for SVB work. (NYT)
Categories
31 Days to More Effective Compliance Programs

One Month to a More Effective Compliance Program in Training and Communications – Sharing to 360-Degrees of Communication

Why do people share information? The answer to that question has important implications for every compliance practitioner and compliance program. Sharing is a primary method to communicate and connect. This is always a challenge in any far-flung international corporation, particularly for disciplines that can be viewed as home office overhead at best and the Land of No at worst. Work to hone your message through social media. Part of this is based on experimenting with what message to send and how to send it. Another aspect was based upon the Wave (of all things), its development, and coming to fruition in the early 1980s. It took some time for it to become popular, but once it was communicated to enough disparate communications, it took off. “It’s the same thing with social media. On social media, we think something will go viral because the art is beautiful or the science is full of deep analytics, but it takes time to build the community.”

This means that you will need to work to hone your message and continue to plug away to send that message out. The Morgan Stanley declination will always be instructional as one of the reasons the DOJ did not prosecute the company, as they sent out 35 compliance reminders to its workforce over seven years. Social media can be used in the same cost-effective way to get the message of compliance out and to receive information and communications back from your customer base, the company employees.

Three key takeaways:

  1. What makes your employees want to share information?
  2. Facilitate mechanisms that allow sharing with the compliance function.
  3. The Morgan Stanley declination still resonates.

For more information, check out The Compliance Handbook, 4th edition, here.

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The Final Season The Woody Report

The Woody Report: Succession, The Final Season, Episode 6-Living+

Co-hosts Tom Fox and Karen Woody are back as they delve deep into the final season of Succession. From the recurring theme of personal vs. business decisions to the amazing performance from Shiv, these two bring you it all! But that’s not all – learn valuable lessons about deal-making and cultural fit, and find out why the attention to detail in the clothing and accessories of the characters is so important. And if you’re looking for a great podcast recommendation, tune in to catch their thoughts on a brand-new show – who knows, you might find your next binge-worthy obsession! Take advantage of an episode of The Woody Report, where Tom and Karen bring you all the latest in pop culture, business, and more from the final season of Succession.

Join hosts Tom Fox and Karen Woody on The Woody Report podcast to discuss the latest episode of “Living+” and its foreshadowing of the characters’ downfall. They analyze the behavior and motivations of the Roy family, including Roman’s brokenness and hurtful actions. They explore the power dynamics and gendered undertones of the characters’ relationships, along with some cutting lines and controversial tweets. With insightful analysis and witty commentary, join Tom and Karen as they break down the latest scenes and predict what’s to come in this gripping TV show. Take advantage of their interesting revelations and predictions for your next viewing of this popular drama. Tune in to The Woody Report now!

Highlights Include:

· Analysis of “Living Plus” as the Season’s Turning Point

· Roman and the firings

· Kendall and the Numbers

· Shiv and Tom

· Favorite lines

Resources

Karen on LinkedIn

Karen at Washington & Lee, School of Law

Tom 

Instagram

Facebook

YouTube

Twitter

LinkedIn

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From Last to First

From Last to First: The John Aceti Story – Episode 3, The Air Force and College

What is the measure of a man? What is a life well lived? I have often thought about those questions, and with John Aceti’s help, I had the opportunity to explore them through John’s amazing life. Spry and vibrant at 93, I met John after he had published his 7th book in 92. As I got to know him and his life story, I wanted him to share his amazing and inspiring journey beginning in Niagara Falls in the 1930s to his current life in the Hill Country of Texas. Overcoming a humiliating incident at age 8, John was the first in his family to go to college, served in the Air Force, became a teacher and the principal, and retired from his first career. In his second career, he and his wife traveled internationally and ended up in Kerrville, Texas, where John began another career as an author. Join me on this fascinating journey From Last to First with John Aceti.

Join host Tom Fox and guest John Aceti on their journey from last to first in this inspiring podcast. In this episode, John recounts his experiences working at the International Paper Company after high school and struggling academically during his first year of college. He shares his journey of switching from pursuing music to education and enlisting in the Air Force during the Korean War. Listen as John recounts his adventures flying over the Alps in Germany and learning valuable life lessons. Discover how he obtained his bachelor’s degree in education and master’s degree in counseling and the inspiring journey that led him to his position as principal. Don’t miss out on the next episode, where John and Tom will continue their fascinating conversation. Tune in now and be inspired!

 Key Highlights:

·      From Paper Testing to Music: A Reality Check

·      The Draft Number System

·      Air Force Basic Training and Placement

·      Military service and personal growth

·      First to Graduate

·      From Education to Counseling

 Notable Quotes:

“But I remember thinking to myself, is this what I want to do the rest of my life? It’s just testing paper. And he says I don’t think so.”

“It was probably the most challenging and exciting thing I ever did in my life.”

“I got my master’s degree in counseling, guidance, and counseling. And that was the best thing I could have ever done.”

 Resources

John Aceti’s author’s page on Amazon