CONVERGE is in its 5th year of bringing together the world’s leading companies for 2 days of dynamic speakers, thought-provoking breakout sessions, and opportunities to connect with like-minded professionals. This year the conference has gone virtual. You will leave the conference with new resources and best practices allowing you to continue the hard work of driving ethics to the center of your business. In today’s episode I visit with Mary Shirley. We visit about her panel at Converge20 on Bypassing burnout: Maximize your ethical impact, grow your career, and empower your team.
Mary is Senior Director, Ethics and Compliance , Fresenius Medical Care North America. In this session, you will learn how to be a more powerful force for good within your organizations from a group of growth-oriented compliance pros. For more registration and information on Converge20, click here.
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Anil Kona is the CEO of Vertical Discovery Corp, a tech company dedicated to the evolution of eDiscovery. He is also the CEO of Spectrum Analytics. He joins Vince Walden to discuss global fraud and what Spectrum is doing to eradicate it.
According to the Association of Certified Fraud Examiners, the projected global loss due to fraud is estimated to be $3.5 trillion by 2020. Organizations worldwide lose 5% of their revenue to fraud, Anil cites. Now more than ever, he points out, the market needs a fully integrated automated forensic data analytics platform that has a low entry barrier and can carry out internal audits to identify fraud.
Spectrum Analytics was built to address various risk areas, including regular financial fraud and online fraud. Spectrum has developed an automation that lowers the barrier to entry by dividing it into four categories.
Resources
Anil Kona on LinkedIn | Twitter
RapidSpectrum.com
Welcome to the only roundtable podcast in compliance. Today, we have the full quintet of Jonathan Armstrong, Jay Rosen, Matt Kelly, Jonathan Marks and Mike Volkov for a deep dive discussion into the recent Herbalife FCPA enforcement action. We end with a veritable mélange of rants and shouts outs.
- Jonathan Armstrong looks at the case from the UK and Bribery Act angle and finds some Scottish cases which might inform a response. Armstrong shouts out to those ‘in transition’ and encourages them to engage.
- Jay Rosen considers the lack of monitor in the Herbalife case and takes a deep dive into some of the possible reasons. Jay rants about AG Bill Barr and his unitary theory that the entire DOJ works for him personally.
- Matt Kelly considers the role in internal audit in this case and then looks at the (non) actions of the Board of Directors. Matt shouts out to Nora Dannehy and her principled stance.
- Mike Volkov considers how he would have approached counseling Herbalife if they had called him when it all hit the fan. He shouts out Ruth Bader Ginsburg.
- Jonathan Marks considers the role of gatekeepers in this case and decrees the lack of skepticism at the Board. He rants about IIA for beginning the discussion to reconfigure its 3 Lines of Defense but says it does not go far enough.
- Tom Fox shouts out to Jose Altuvé for breaking through the Mendoza Line by raising his batting average to .215.
The members of the Everything Compliance are:
- Jay Rosen– Jay is Vice President, Business Development Corporate Monitoring at Affiliated Monitors. Rosen can be reached at JRosen@affiliatedmonitors.com
- Mike Volkov – One of the top FCPA commentators and practitioners around and the Chief Executive Officer of The Volkov Law Group, LLC. Volkov can be reached at mvolkov@volkovlawgroup.com
- Matt Kelly – Founder and CEO of Radical Compliance. Kelly can be reached at mkelly@radicalcompliance.com
- Jonathan Armstrong –is our UK colleague, who is an experienced data privacy/data protection lawyer with Cordery in London. Armstrong can be reached at armstrong@corderycompliance.com
- Jonathan Marks is Partner, Firm Practice Leader – Global Forensic, Compliance & Integrity Services at Baker Tilly. Marks can be reached at marks@bakertilly.com
The host and producer (and sometime panelist) of Everything Compliance is Tom Fox the Compliance Evangelist. He can be reached at tfox@tfoxlaw.com. Everything Compliance is a part of the Compliance Podcast Network.
CONVERGE is in its 5th year of bringing together the world’s leading companies for 2 days of dynamic speakers, thought-provoking breakout sessions, and opportunities to connect with like-minded professionals. This year the conference has gone virtual. You will leave the conference with new resources and best practices allowing you to continue the hard work of driving ethics to the center of your business. In today’s episode I visit with Andy Hinton. We visit about his panel at Converge20 on Whistleblower Protection: The Dawn of the Next Era.
Hinton is well known in the compliance community, having recently retired as the CCO at Google. He is now assisting a whistleblower reporting start up NotMe, which has a tool for misconduct reporting solution for ALL. It is the solution to bridge the gap between employers and employees. The goal is to change workplace culture and make workplaces safe for all. For more registration and information on Converge20, click here.
In the Episode, 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 are back from a summer hiatus and wrap up what has been happening on the Wirecard front over the past few weeks.
Some of the highlights include:
- BaFin Unapologetic
- Reporters and Short Sellers – Free to Be, You & Me?
- Political Fallout?
- Another German DAX-listed Company Scandal?
- Impact on EU – Rethinking Germany Frankfurt and Bonn for Financial Services Capitols post-Brexit?
- What is happening within Wirecard now – is the company still going?
- Deutsche is Not Buying
- Has the fullness of the scandal been revealed, or is more coming to light?
- What is, or what was, Project Panther?
- Enron had significant impact on then Big-5; is Wirecard going to impact Big-4 in the same way?
The Compliance Life details the journey to and in the role of a Chief Compliance Officer. How does one come to sit in the CCO chair? What are some of the skills a CCO needs to success navigate the compliance waters in any company? What are some of the top challenges CCOs have faced and how did they meet them? These questions and many others will be explored in this new podcast series. Over four episodes each month on The Compliance Life, I visit with one current or former CCO to explore their journey to the CCO chair. This month, my guest is DeAnna Nwankwo who served as Corporate Compliance Officer for Core Laboratories from 2003 May 2020. In that capacity, she led Core Laboratories ethics and compliance activities.
As CCO, DeAnna reported to the general counsel and secretary and to the audit committee of the board of directors. She was responsible for formulating and implementing Core Lab’s ethics policies and procedures, including its Code of Ethics and Corporate Responsibility and making sure they were communicated and trained upon across the company. DeAnna managed the company’s employee Helpline resources and served as a final internal resource which concerned parties could communicate after other formal channels and resources were exhausted. As Corporate Compliance Officer, she was authorized to implement all necessary actions to ensure achievement of the objectives of an effective compliance program. In her role, she collaborated with other functional departments (Internal Audit, Human Resources, Information Security, etc.) to receive and direct compliance issues to appropriate resources for investigation and resolution.
In this third episode, we consider the importance of a CCO building trust, being honest and having high ethical standards. DeAnna discusses how managing the helpline is not only so critical but also an important resource of information for every CCO. She discusses the importance of reporting facts, and not your opinion in fraud and ethics investigations. She also notes that in every investigation, there are teachable moments. Finally, although DeAnna has a QA professional background, she cautions to never forget the human factors in every investigation.
As the Voice of Compliance, I wanted to start a podcast which will help to bring both clarity and sanity to the compliance practitioner and compliance profession during this worldwide health and healthcare crisis. In this episode, I visit with Ariel Weindling, founder of #NotMe Solutions and Andy Hinton, Strategic Advisor to the firm. We discuss the increased need for employee reporting during the Coronavirus health crisis.
Some of the topics include:
- Why is reporting so much more critical now, in the time of Coronavirus?
- What are the top questions you are getting from employers?
- Where do you see reporting, employment law and Covid-19 issues going over the next year?
For more information on #NotMe Solutions, click here.
Welcome to the Great Women in Compliance Podcast, co-hosted by Lisa Fine and Mary Shirley.
Today’s guest is Alejandra Montenegro Almonte, a member of the law firm Miller Chevalier, who has built a practice where she has an international practice focusing on design and implementation of risk-based internal compliance programs and is also a monitor on behalf of a regulatory agency in Massachusetts.
Alejandra has returned to private practice after spending time at gategroup as the General Counsel for North American and LATAM. She talks about her experience of going from law firm to in-house, and she has had a unique experience in that she went back to a law firm.
Alejandra was born in Nicaragua and moved to New Orleans at age 4. She talks about how coming to the US at such a young age has influenced her career decision, her view on practicing law and the importance of hearing from diverse voices in all aspects of advising risk and compliance risks. She has had experience being the only woman in the room in LATAM, and all over the world and has insight into that as well.
We are so excited to have Alejandra as a guest during Latino Heritage Month.
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 recent initiative of the Department of Education to go after Princeton University for diversity training which Trump says is “Anti-American propaganda” and the release of the FinCen papers. Some of the issues we consider are:
- What is the Trump Administration up to?
- Will white nationalism be the order of the day if Trump wins?
- Why does impact compliance professionals?
- What are the FinCen papers?
- Why was their release so devastating to the Administration?
Resources
See Matt’s blog posts on Radical Compliance
Boom: The FinCen Files are Here
Trump Administration Targets Princeton for Diversity
