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This Week in FCPA

Episode 258 – the Design Thinking in Compliance edition

 
Tom and Jay are back to take a look at this week’s stories top compliance and ethics stories which caught their interest on This Week in FCPA in the Design Thinking in Compliance edition. 
Stories

  1. Design Thinking returns to compliance as Carsten Tams begins a 5-part series on LinkedIn. Check out Part 1.
  2. Ex-Goldman Sachs banker settles FCPA matter. Dylan Tokar in WSJ Risk and Compliance Journal.
  3. Want a refresher in red flags, check out this FBI-produced multipart series, all available on YouTube. Red Flag Fraud Signs, Part 1, Red Flag Fraud Signs, Part 2, Red Flag Fraud Signs, Part 3, Red Flag Fraud Signs, Part 4, Red Flag Fraud Signs, Part 5, Red Flag Fraud Signs, Part 6
  4. Tricky Dicky lives in FCPA enforcement. Dick Cassin explains why in the FCPA Blog.
  5. Using captives to provide FCPA D&O Coverage? Daniel Chefitz and Sergio Oehninger in the FCPA Blog.  
  6. Do we need to ban high-value currency? Sam Magaram in GAB.
  7. Compliance opportunities in and after Covid. Stephen Naughton in Compliance Law Journal.
  8. Building an effective AML action plan. Peter Fitzgerald, Scott Zucker and Tristan Souness-Wilson in CCI.
  9. SEC settles pre-taliation case with Guggenheim Partners. Matt Kelly in Radical Compliance.
  10. Will laws requiring Board diversity survive court scrutiny? Kevin LaCroix in the D&O Diary. 

Podcasts and Events

  1. Microsoft Week on Innovation in Compliance. Alan Gibson on Legal Compliance for the Future, Abbas Kudration Innovation Through Info Security, Joseph Davis on A Progressive and Humble Leadership to Cybersecurity, Erica Toelle on Records Management and Information Governance, Jesus Fernandez on the Digital Transformation of Compliance.
  2. How does history inform compliance? What are the leadership lessons from ancient Greeks and Romans? Find out in this special 10 part podcast series on famous Greeks and Romans from Plutarch’s Lives this week on 12 O’Clock High, a podcast on business leadership, hosted by Richard Lummis and Tom Fox. In Episode 1, they mined Plutarch about the lives of and leadership lessons from Themistocles and Camillus. In Episode 2, they looked at Solon and Popsicola. In Episode 3, Pericles and Fabius Maximus.
  3. Trekking Through Compliance Returns! Tom reviews all 79 episodes of Star Trek, the Original Series beginning June 1. Each day at 3 PM on the Compliance Podcast Network. This week’s offerings included Space Seed, Return of the Archons, This Side of Paradise, Devil in the Dark and Errand of Mercy.
  4. On July 1, join K2 Integrity’s Snezana Gebauer and Darren Matthews will present a webinar on asset tracing at the IBA Global Influencer Forum. Learn more and register here.
  5. On July 13, join K2 Integrity for its Virtual Compliance Conference on Environment, Social, and Governance Compliance Risks for Financial Institutions. Information and Registration here.
  6. Compliance Week is looking at 3rd risk management in 2021 in a two-day virtual event on June 29 & 30. For information and registration click here. Use the code Dave100 for a free ticket.
  7. Tom announces his latest book, The Compliance Handbook, 2nd edition is available for presale purchase. Use the code FOX25 and go here. The Compliance Handbook 2ndedition will be available in both print and eBook editions.

Tom Fox is the Voice of Compliance and can be reached at tfox@tfoxlaw.com. Jay Rosen is Mr. Monitor and can be reached at jrosen@affiliatedmonitors.com.

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Daily Compliance News

June 25, 2021 the Tried to Interfere edition


In today’s edition of Daily Compliance News:

  • UN on the danger of terrorist attacks at sports events. (UN)
  • Deutsche Bank overhauls AML operations (again). (WSJ)
  • Cargo ships go back to the future. (NYT)
  • German Finance Minister tried to interfer in Wirecard probe. (FT)
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Compliance Kitchen

The Compliance Kitchen – Update to EU Dual Use Regulation


The EU published a recast of its 2009 Dual Use Regulation.  We look at some of the new or revised points that will now apply to EU exporters and providers of technical assistance when it comes to dual use items.

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Integrity Through Compliance

Keeping Compliance Fresh: Compliance Evangelist Tom Fox Speaks with Vin DiCianni

 

Affiliated Monitors, Inc.’s Founder and President Vin DiCianni puts Tom Fox the Compliance Evangelist on the hot seat to discuss how to use stories and pop culture to keep ethics and compliance interesting. Together they trace how Tom became an international authority in the compliance world, and why he finds the field so interesting. Additionally, Vin and Tom note the way the field has changed in the previous decades, and the trends that may be upcoming.
Lastly, they preview Tom’s new book, The Compliance Handbook: Volume II which is now available for preorder through LexisNexis. Use the discount code FOX25for 25% off your purchase.

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The Walden Pond

Making the Business Case for Data-Driven Compliance, with Bryan Judice of Panasonic Avionics


 
Bryan Judice is Senior Director of the Office of Ethics and Compliance at Panasonic Avionics Corporation. With over 22 years of experience specializing in conducting forensic investigations and large, complex litigation matters, he has provided financial and business advisory services to clients in a variety of industries, including aerospace, aviation, and financial services. He joins Vince Walden to talk about data-driven compliance, and why it’s more effective.
 

 
Compliance processes best suited for analytics are available, self-contained, and have few different touchpoints in order to ensure the data isn’t dispersed across too many different systems. Singular compliance initiatives are painless to digest, pull apart and examine, which makes it easier to create analytics to identify where the risks are in your programs. 
 
Bryan shares what business processes he has seen work effectively for monitorships in today’s landscape. He also discusses the five things everyone should know before they secure buy-in and budgets for data-driven compliance. 
 
Resources
Bryan Judice on LinkedIn
 

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Innovation in Compliance

The Future of InfoGovernance and Records Management with Erica Toelle


 
Tom Fox’s guest on this episode of the Innovation in Compliance podcast is Erica Toelle. Erica is the Senior Product Marketing Manager for Records Management and InfoGov at Microsoft. As a long-time member of the Microsoft community, she has been dedicated to growing the information governance and records management business and listening to customers and partners to make solutions better. Erica joins Tom to talk about her role at Microsoft, and how the info governance and record management space will evolve in the near future.
 

 
Improving Operations
Erica loves to help companies improve their operations using technology. It’s interesting to work with an organization’s compliance experts and help to translate their requirements into Microsoft technology, she tells Tom. “The pace of change in technology has been fast the last 20 years and there are often better ways of doing things, but you have to balance doing things the best way with disrupting productivity and business through change,” she remarks. She argues that it’s better to use a solution that everyone finds easy to use but only has 80% of the desired features, than one that has 100% of the desired functionality but which no one wants to use. “As the compliance person, if you make a solution that’s too hard to use because it’s your ultimate compliance dream, people are going to use their company credit card to buy a different cloud subscription….or figure out how to share files with people outside the company,” she says.
 
Translating Microsoft Offerings To Solve Compliance Needs
The main issue Erica sees with respect to translating Microsoft offerings to solve compliance needs is that there aren’t clearly defined roles and responsibilities in the organization. “In order to really create a good offering around any of the compliance tools, you have to get the business decision-makers and the business experts together with IT, and then figure out how you want to work together and divide those roles and responsibilities,” she comments.
 
What’s Next
The records management industry needs to shift its thinking to a more electronic approach. In the coming years, we’re going to see artificial intelligence be leveraged more to deal with the volume of electronic records. 
 
Listen here to Microsoft Week episode 1, featuring Alan Gibson, Director of Legal and Compliance Innovation at Microsoft.
 
Listen here to Microsoft Week episode 2, featuring Abbas Kudrati, Chief Cybersecurity Advisor for Microsoft Asia’s Enterprise Cybersecurity Group.
 
Listen here to Microsoft Week episode 3, featuring Joseph Davis, Microsoft’s Chief Security Advisor for Health and Life Sciences.
 
Tune in tomorrow for episode 5 featuring Jesus Fernandez.
 
Resources
Erica Toelle | LinkedIn | Twitter
Microsoft 365 Compliance
 

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12 O’Clock High-a podcast on business leadership

Plutarch’s Lives: Pericles and Fabius Maximus

 
12 O’Clock High, a podcast on business leadership brings together stories from history, the arts and movies, research and current events to consider leadership lessons. In this episode, Richard Lummis and Tom Fox begin a 10-part summer series on leadership lessons from biographies found in Plutarch’s Lives. Each week we will pair an ancient Greek and Roman to learn about their lives, the comparison and contrast between the two men and what leadership lessons with might draw from their lives. In today’s episode we look at the Greek Pericles and the Roman Fabius Maximus.  Highlights include:

  • Introduction of Plutarch’s Lives as historical work.
  • Lives of Pericles and Fabius Maximus.
  • Comparison in the lives of Pericles and Fabius Maximus.
  • What leadership lessons can be drawn from the lives of Pericles and Fabius Maximus.

Resources
Plutarch’s Lives by Bill Thayer

Categories
Daily Compliance News

June 24, 2021 the Baseball Circus edition


In today’s edition of Daily Compliance News:

  • The MLB circus has begun. (HoustonChronicle)
  • Ex-Goldman banker settles FCPA case. (WSJ)
  • Now the hard part at Exxon. (NYT)
  • Don’t fly American this summer. (FT)
Categories
Compliance Kitchen

EU and US Trade Agreement on Boeing and Airbus


The EU and US reach an agreement on the ongoing WTO Boeing-Airbus dispute; FEMA eases up on some export restrictions of PPE.

Categories
Great Women in Compliance

Lloydette Bai Marrow, the Compliance Entrepreneur


Welcome to the Great Women in Compliance Podcast, co-hosted by Lisa Fine and Mary Shirley. In this episode, Lisa speaks with Lloydette Bai Marrow, who is the Founder and Principal Consultant of ParaMetric Global Consulting.  Lloydette is based in London, and prior to starting ParaMetric, she was a Principal Investigative Lawyer within the UK Government’s Serious Fraud Office, and a prosecutor in various UK governmental agencies.
Lloydette comes from a very entrepreneurial family and took that mindset and her own experience to build her consultancy. She talks about how she identified what she wanted to do when she left the SFO, and how she and ParaMetric have grown. In particular, she talks about how her experience as a prosecutor has been a great asset, but also how she has adapted to collaborating with organizations in her current role. On the other side, she has used her experience to train investigators and prosecutors in Sierra Leone and globally to help build stronger anti-corruption prosecutions.
The Great Women in Compliance Podcast is proudly featured on the Compliance Podcast Network and sponsored by Corporate Compliance Insights. If you enjoyed this episode please subscribe to the podcast and rate it on your podcast player to help other compliance professionals find it.
For those of you in the northern hemisphere, it is the season for beach reads and you may be traveling after a long break. For your time off, you can pick up a copy (or download) “Sending the Elevator Back Down: What We’ve Learned from Great Women in Compliance” (CCI Press, 2020).
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.
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.
Join the Great Women in Compliance community on LinkedIn here.