Jennifer Saperstein is an Anti-Corruption and White Collar Partner and the Vice Chair of the Anti-Corruption Practice Group at Covington and Burling LLP. She joins Vince Walden to discuss why companies need to be smart about resourcing, compliance technology trends, and the compliance industry post-COVID.
Having a risk-based documented plan for effective compliance programs before consulting any external advisory service is beneficial for companies. Being able to demonstrate where they have focused their limited resources is always helpful. It is now even more important for companies to make smart, risk-based decisions about where to spend their time due to the current pandemic.
A recent survey of over 30 companies revealed that in the last 10 years, there has been a significant transformation in compliance technology trends. Almost 70% of respondents say they use technology for third-party due diligence and 100% saying they use an LMS system to train employees. However, many companies still rely on manual processes for certain parts of their compliance programs.
Resources
Jennifer Saperstein on LinkedIn
Cov.com
Author: admin
In today’s edition of Daily Compliance News:
- Will Chevron stay in Venezuela under Biden? (Houston Chronicle)
- Some (sort of) good news for Boeing. (WSJ)
- Second investigation over Jeffrey Epstein at Victoria’s Secret. (NYT)
- Apple to slash developer fees. (BBC)
Welcome to the newest addition to the Compliance Podcast Network, Compliance and Coronavirus. In this episode, I am joined by Mike Lindsey, a partner in the Los Angeles law firm of Steinbrecher and Span. Lindsey specializes in cyber risk issues and he join me to discuss those issues during the second half of this first year of Covid-19.
Some of the highlights include:
- What is the nature of Lindsey’s practice?
- Has the Coronavirus crisis increased cyber risks?
- What are some of the top pieces of advice you are giving clients at this point in the crisis?
- Has it changed since March?
- Where do you see us, 12 to 18 months out in terms of cyber risks?
- Are Board of Directors moving quickly enough to oversee cyber risks?
Resources
LinkedIn page for Mike Lindsey
Welcome to the Great Women in Compliance Podcast, co-hosted by Lisa Fine and Mary Shirley. In Part 2 of the 2-part series with Dr. Mary Gentile, the founder of Giving Voice to Values, Lisa talks with Dr. Gentile about how ethics and compliance professionals can use GVV to help build an organization’s culture and help with ethical decision-making. In particular, we discuss how E&C professionals can start with 3 questions underpinning GVV: What if I were going to act on my values? What would I say and do? How could I be most effective? This starting point can empower people to make good choices, leading to better decision-making and ultimately a stronger organization. Dr. Gentile provides real-life examples of how GVV has been applied in different contexts, some very practical advice and a lot of resources that can be used to help improve decision-making.
Have you heard that Lisa and Mary have published a book? Yes, you can get your very own copy of “Sending the Elevator Back Down: What We’ve Learned From Great Women in Compliance” (CCI Press, 2020) on Amazon right now! Enjoyed your copy? Don’t forget to leave a review!
Join the Great Women in Compliance community on LinkedIn here.
Welcome to the Great Women in Compliance Podcast, co-hosted by Lisa Fine and Mary Shirley.In Part 2 of the 2-part series with Dr. Mary Gentile, the founder of Giving Voice to Values, Lisa talks with Dr. Gentile about how ethics and compliance professionals can use GVV to help build an organization’s culture and help with ethical decision-making. In particular, we discuss how E&C professionals can start with 3 questions underpinning GVV: What if I were going to act on my values? What would I say and do? How could I be most effective? This starting point can empower people to make good choices, leading to better decision-making and ultimately a stronger organization. Dr. Gentile provides real-life examples of how GVV has been applied in different contexts, some very practical advice and a lot of resources that can be used to help improve decision-making.
Have you heard that Lisa and Mary have published a book? Yes, you can get your very own copy of “Sending the Elevator Back Down: What We’ve Learned From Great Women in Compliance” (CCI Press, 2020) on Amazon right now! Enjoyed your copy? Don’t forget to leave a review!
Join the Great Women in Compliance community on LinkedIn here.
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. In this episode Matt and Tom go into the weeds to look at the SEC Chairmanship of Jay Clayton who announced he was stepping down at the end of the year. Some of the issues we consider are:
- Tom call it a mixed bag and Matt had mixed views?
- His first 12 to 18 had a series of crisis including a cyber breach at the SEC itself, the PCAOB scandal with KPMG and Crypto-currency issues.
- Matt felt Clayton did a good job of listening.
- He worked to open non-capital markets for investment.
- In the SEC enforcement action, he basically said Elon Musk was too important to Tesla to punish.
- His abortive move to head the SDNY was reputational disaster.
In special podcast series, I am joined by Mikhail Reider-Gordon, Managing Director of Institutional Ethics & Integrity at Affiliated Monitors. Mikhail’s areas of expertise include technology, privacy, cybersecurity, IP and accountability in artificial intelligence; the global anti-corruption and anti-money laundering regimes; media & entertainment; biotech and the life sciences; the public sector and international law. She is accustomed to working on extremely sensitive and high-profile matters, both nationally and internationally. In this episode, we how Wirecard used binary options to facilitate its massive fraud.
Some of the highlights include:
· Weekly news wrap-up on Wirecard
· Austrian BVT and the largest intelligence scandal for Austria since WWII.
· Was Jan Marsalek a BBT agent, asset or fellow traveler?
· What is the IMS Capital connection?
· Enter a Russia/Turkey connection.
· BaFin’s right hand cannot find its left hand.
· Never buy a binary option in a dark alley.
In special podcast series, I am joined by Mikhail Reider-Gordon, Managing Director of Institutional Ethics & Integrity at Affiliated Monitors. Mikhail’s areas of expertise include technology, privacy, cybersecurity, IP and accountability in artificial intelligence; the global anti-corruption and anti-money laundering regimes; media & entertainment; biotech and the life sciences; the public sector and international law. She is accustomed to working on extremely sensitive and high-profile matters, both nationally and internationally. In this episode, we explore shell companies in our On the Beach episode .
Some of the highlights include:
· Weekly news wrap-up on Wirecard
· What is the Bundestag investigating? Are they doing anything?
· Were 250 Wirecard employees assigned to the money-laundering team?
· Is a Bundestag inquiry in the works by the EU?
· KPMG enters the story.
· Shell Companies Shell Companies Shell Companies
· Why it might be time for a walk on the beach (and to read On The Beach)
In this special series, I am joined by Mikhail Reider-Gordon, Managing Director of Institutional Ethics & Integrity at Affiliated Monitors. Mikhail’s areas of expertise include technology, privacy, cybersecurity, IP and accountability in artificial intelligence; the global anti-corruption and anti-money laundering regimes; media & entertainment; biotech and the life sciences; the public sector and international law. In this episode, we explore the money laundering Wirecard engaged in via the project dubbed ‘Hermes’.
Some of the highlights include:
· Weekly news wrap-up on Wirecard.
· What has this done to the German political scene?
· Any talk about BaFin reforms?
· How do losses reach €20bn?
· How was the investigation “unrelated to the mandate”?
· Money laundering through Hermes.