Welcome to newest edition to the Compliance Podcast Network: From the Editor’s Desk, a podcast where Tom Fox and Dave Lefort, Editor in Chief at Compliance Week unpack some of the top stories which have or will appear in Compliance Week, look at top compliance stories, talk some sports and generally try to solve the world’s problems. In today’s inaugural, episode we take a look back at top stories in CW from May, the CW 2021 Conference, chat will Aly McDevitt, author of a 5-part special report on the VW Monitorship and talk some sports.
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Welcome to a new season of Compliance Man. This season is called True or False? In this series, I am joined by Tim Khasanov-Batirov, a compliance practitioner who focuses on compliance at international markets for over 20 years. Based on his work experience at six countries as in house compliance officer Tim now consults senior managers and compliance officers globally on complex ethics and compliance matters. Tim is a co-founder of Compliance Club, an international community of practitioners. You can learn more about Tim, his Compliance Man illustrated series, a YouTube channel and request advice from him by clicking at Timur Khasanov-Batirov on Linked in.
In each podcast, we will take on a different issue with Tim; a hot, very often a very provocative topic from the corporate’s real life agenda and find out if is it true or false. It will be a tough and very straightforward talks. We invite you to participate in these discussions by commenting each podcast and proposing topics for True or False series. The most active listeners will be invited to join us. Let’s have a sincere conversation!
Today we will try to find out whether companies are eager to be ethical even if they do not feel pressure of potential investigation or regulatory sanctions. Highlights include:
- Enforcement practice establishes standards and principles that create a right compass, allowing not only to act ethically at person’s view but also to avoid sanctions for the company.
- Knowledge of applicable anticorruption laws, enforcement trends and ethical behaviors of top management lead to success.
- Do companies act more aggressively due to low risk of enforcement.
Join us for the next episode of Compliance Man: True or False? episode. If you disagree or wish to share your views on whistleblower topic please comment below. We will be glad to hear from you. Let’s have a sincere global conversation together.
As the Astros (nearly) sweep the BoSox (in the Cheater’s Bowl), we enter the 6th month of 2021, Jay and Tom take a look at this week’s stories top compliance and ethics stories which caught their interest on This Week in FCPA in the Welcome to June edition.
Stories
- Compliance and goverance for NFTs. Ingrid Vasiliu-Feltes in XpertsLeague.
- Compliance risks in post-acquisition integration. Jennifer Fondrevay in the FCPA Blog.
- A collective response to ransomware attacks is needed. Jaclyn Jaeger reflects in Complinace Week. (sub req’d)
- Using stories to make your values stick. Brett Beasley in Notre Dame Delloite Center for Ethical Leadership.
- What is the cost of compliance? Thompson Reuters report, in CCI.
- Is AI up to AML work? Mayze Teitler explores in the Global Anti-Corruption Blog.
- Are echos of 2008 in the air? Mark Jensen and in Ian Roffman CCI.
- More charges still coming down from the Odebrecht case. Mike Volkov in Corruption, Crime and Compliance.
- Lessons for corp BODs from Exxon. Nell Minow the Havard Law School Forum on Corporate Governance.
- What is the status of your financial crimes compliance program? Frank Staelens in Risk and Compliance Platform Europe.
Podcasts and Events
- Mikhail Reider-Gordon is back with a special two-part week on The Wirecard Saga. Check out the top podcast on Germany’s biggest financial scandal over the past 70 years. Listen to the ‘Know When to Hold ‘Em’ edition, Part 1& Part 2. On the Compliance Podcast Network.
- Compliance Man Returns with a New Season: True or False? Tom and emerging market compliance special Tim Khasanov-Batirov are back with a new 10-episode season. In Episode 2, they explore how whistleblowers are received in emerging markets. Can’t get out of your Ivory Tower, the check out Compliance Man to learn about compliance in emerging markets. The season’s episodes will post at 7AM each Friday over the next few months. Part 2 .
- 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 included The Man Trap, Charlie X, Where No Man Has Gone Before, and The Naked Time.
- The Compliance Podcast Network premiers a new podcast, From the Editor’s Desk, with Dave Lefort, Editor in Chief of Compliance Week. In this Episode 1, we review some of the top stories from the CW 21 Conference, the top stories from CW in May and a special segment with Aly McDevitt, author of the CW special report on the VW monitorship. From the Editor’s Desk will appear on the first and last Friday of each month at 8 AM.
- Two great K2 Integrity events. On June 9, join K2 Integrity’s Lindsay Di Fede and Olivia Allison to hear about the benefits of taking a holistic and programmatic approach to preventing, detecting, responding to, and remediating insider threats. Learn more and register: https://www.k2integrity.com/en/events/insider-threats—taking-a-proactive-and-preventive-approach. 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: https://www.k2integrity.com/en/events/k2-integrity-webinar-at-iba-global-influencer-forum-fraud-debt-and-judgements-how-to-maximize-asset
- 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.
- iliated Monitors, Inc.‘s Jesse Caplan hosts Troutman Pepper‘s partner Miranda Hooker and AMI’s James Anliot as they discuss the growing opportunities, the significant compliance risks, the available compliance guidance (and the limits to that guidance), and how to mitigate the potential for government investigations and enforcement actions. On today’s episode of “Integrity Through Compliance“!
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.
In today’s edition of Daily Compliance News:
- President Biden issues statement on corruption. (White House)
Categories
Know When To Hold ‘Em, Part 2
Welcome to The Wirecard Saga, literally one of the leading sources on all things Wirecard. In this series, Mikhail Reider-Gordon, Managing Director of Institutional Ethics & Integrity at Affiliated Monitors takes a look at the biggest financial scandal in post-war Germany from a variety of angles. In this ‘Know When To Hold ‘Em, Part 2’ Episode, she continues her exploration of those persons, entities and governments who have been damaged, some beyond repair, by Wirecard and the nuclear fallout from its scandal. Some of the highlights include:
- Lithuania – Gateway to Fintech
- Kalixia and PXP get passed around
- Banking Bwin
- Americans love PartyGaming
- Golden Tickets to Wonkaland
- Senjo Again?!
- Paradise Papers Name & Shame in 2017
- Big Money
- Online Goes Dark
- WC execs fly the nest but don’t leave the flock
- Going Full Tilt
- Banker & Processor to the Top Three
- Shalon Competes and Colludes
- Action Day
- Its Not Such a Rich Field…
Categories
Happy Birthday GDPR, Part 2
In this episode Jonathan Armstrong and Tom Fox are back to discuss issues relating to data privacy, data protection and GDPR. Today we conclude a special two-part episode in honor of the 3rd anniversary of the go-live of GDPR. We review five key developments in GDPR review, regulation and enforcement over the past 3 years. In Part 1, we looked at the increased militancy in GDPR enforcement, both from regulators and in private actions and enforcement trends over the past 3 years. In this Part 2, we consider the where of doing business, data security and customers issues as they have evolved over the past 3 years.
Resources
Check out the Cordery Compliance, client alert on this topic, click here. For more information on Cordery Compliance, go their website here. Also check out the GDPR Navigator, one of the top resources for GDPR Compliance by clicking here.
In today’s edition of Daily Compliance News:
- How do you solve a problem like Elon? (WSJ)
- HBO and the Discovery Channel. What could go wrong? (NYT)
- Illinois passes ethics bill. (Illinois Policy)
- Ohio gubernatorial candidate proposes corruption reform for Ohio. (Dayton Daily News)
Welcome to the Great Women in Compliance Podcast, co-hosted by Lisa Fine and Mary Shirley.
In the episode entitled “The Power of One” Mary Shirley and Fernanda Beraldi talk about an initiative Fernanda has worked on in her community to help bring Compliance principles and techniques to a wider number of organizations. Oftentimes smaller companies don’t have the resources available to them to implement full. We focus on the idea that small ripples can create great waves and how one person’s efforts can truly change the world of those around them.
We also talk about how to incorporate a sense of balance for people who thrive on hustle – getting things done as a mover and shaker can exhilarating and satisfying but also can be tiring and draining for those constantly on the go. These types of people often find it hard to say no. Mary and Fernanda discuss what it’s like to be people who like to keep a full plate and give back whole-heartedly while setting boundaries, particularly when it comes to having to diplomatically turn someone down.
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. Want to hear more from us? We have a book, “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.
Categories
Compliance and ESG
Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. This week Matt and Tom take a deep dive into the role(s) of compliance for ESG. Some of the issues we consider are:
- How compliance is most suited to lead a corporate ESG effort.
- Why compliance must do so or be relegated to a technical function?
- How does government, the courts and investors drive ESG?
- What is the role in asymmetrical regulations in driving ESG?
- Why was last week such a wakeup call for corporations around ESG?
Resources
Matt in Radical Compliance
Resources to Assess ESG Materiality
Tom in the FCPA Compliance and Ethics Blog
The Role of Compliance in ESG
Leading the ESG Effort-Steps for Compliance
Compliance, Data Analytics and ESG