Author: admin

Categories
Everything Compliance - Shout Outs and Rants

Shout Outs and Rants – Episode 128, The Frozen Edition

Welcome to the only roundtable podcast in compliance as we celebrate our second century of shows. In this episode, we have the quartet of Jonathan Armstrong, Matt Kelly, Karen Woody, and Jay Rosen, all hosted by Tom Fox, joining us on this episode of Shout Outs and Rants.

  1. Jonathan Armstrong shouts out to Nicholas Rossi (or whatever name he is using) and his 16 aliases.
  2. Matt Kelly shouts out to Saul Dreier and the Holocaust Survivors Band, who recently played a gig at the White House.
  3. Karen Woody shouts out to all the folks in Indiana who work and fix things during a deep freeze and those manning homeless shelters.
  4. Jay Rosen shouts out to Cara Cara naval oranges.
  5. Tom Fox shouts out to Sir Elton John for winning an Emmy, thus becoming only the 18th person to hold the prestigious EGOT designation.

The members of the Everything Compliance are:

• Jay Rosen – Jay can be reached at Jay.r.rosen@gmail.com

• Karen Woody – One of the top academic experts on the SEC. Woody can be reached at kwoody@wlu.edu

• 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 jonathan.armstrong@corderycompliance.com

• Jonathan Marks can be reached at jtmarks@gmail.com.

The host, producer, ranter (and sometimes panelist) of Everything Compliance is Tom Fox, the Voice of Compliance. He can be reached at tfox@tfoxlaw.com. Everything Compliance is a part of the Compliance Podcast Network.

Categories
Daily Compliance News

Daily Compliance News: February 6, 2024 – The Tweaking DEI 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.

In today’s edition of Daily Compliance News:

  • Companies are tweaking DEI.  (WSJ)
  • Brazil goes after TI. (FT)
  • The DOJ is investigating ADM over accounting irregularities. (Reuters)
  • Using AI for brainstorming. (FT)

For more information on Ethico and a free White Paper on top compliance issues in 2024, click here.

Categories
Corruption, Crime and Compliance

DOJ and OFAC Sanctions Enforcement Review for 2023

The Justice Department and the Office of Foreign Assets Control had a big year in 2023. Criminal and civil enforcement continue to increase. The DOJ has warned corporations that aggressive sanctions enforcement actions are coming. To that end, the DOJ assigned 25 new prosecutors to the National Security Division to execute on its promise. Meanwhile, OFAC had a record year in collecting $1.539 billion in penalties, largely the result of two blockbuster settlements: British American Tobacco and Binance, the cryptocurrency exchange.

  • It’s important for companies to ensure they have U.S. expertise to effectively address potential violations of U.S. sanctions laws, as unfamiliarity with these laws can hinder prompt identification and response. Having a strong compliance program based in the United States is a valuable lesson learned from OFAC.
  • Global companies are facing unprecedented risks and challenges in today’s economy, leading them to prioritize robust ethics and compliance programs. These programs play a crucial role in promoting positive corporate citizenship and mitigating legal and economic risks.
  • In 2023, there was a significant increase in sanctions enforcement by the DOJ and OFAC, with plans for even more aggressive actions in the future. With 17 enforcement cases and $1.5 billion in penalties, it is evident that compliance areas such as third parties and internal controls are of utmost importance.
  • Various countries, including Russia, Cuba, and Iran, continue to be the focus of global sanction schemes. While Venezuela’s sanctions were temporarily relaxed, companies must stay vigilant and monitor the upcoming election. The British American Tobacco case, with its $629 million settlement, serves as a model for future enforcement actions.
  • The Binance case, involving a $4.3 billion settlement, shed light on criminal violations in the cryptocurrency industry. This highlights the critical importance of compliance in this rapidly evolving sector.

Resources:

Michael Volkov on LinkedIn | Twitter

The Volkov Law Group

Categories
Adventures in Compliance

The Return of Sherlock Holmes – Compliance Lessons from The Norwood Builder

Welcome to a review of all the Sherlock Holmes stories that are collected in the work “The Return of Sherlock Holmes.“. It is a collection of thirteen detective stories written by Sir Arthur Conan Doyle, marking the reappearance of the brilliant detective Sherlock Holmes after his apparent death in “The Final Problem.” The collection spans various intriguing cases and mysteries that Holmes and his loyal friend Dr. John Watson tackle. Today we take up The Adventure of the Norwood Builder and mine it for compliance lessons for the CCO and compliance professionals.

The intriguing world of Sherlock Holmes’ investigative methods offers a wealth of lessons for compliance professionals. In The Adventure of the Norwood Builder, Holmes’ meticulous approach to a murder case, emphasizing thorough due diligence, attention to detail, verification of information, critical thinking, data-based decision-making, and ethical conduct, mirrors the approach that compliance officers should adopt. Tom Fox, a seasoned compliance expert, underscores the importance of these principles in navigating the complex landscape of corporate compliance. Fox’s perspective is shaped by his extensive experience in the field, and he advocates for a proactive, data-based approach, prioritizing integrity, attention to detail, trust but verify, critical thinking, database decision-making, ethics, risk assessment, and documentation. He encourages compliance professionals to embrace continuous learning and persistence, much like Sherlock Holmes. Join Tom Fox in this episode of the Adventures in Compliance podcast as he delves deeper into these fascinating parallels between the world’s greatest detective and the demanding field of compliance.

 

Key Compliance Lessons Learned

  1. Due Diligence.
  2. Risk Management.
  3. Document Document Document.
  4. Data-driven compliance.
  5. Trust but verify.
  6. Attention to detail.
  7. Ethical conduct by compliance professionals
  8. Institutional Justice and Institutional Fairness

Resources:

The New Annotated Sherlock Holmes

Sherlock Holmes FAQ

Connect with Tom Fox

Instagram

Facebook

YouTube

Categories
Compliance Tip of the Day

Compliance Tip of the Day: Taming Complexity

Welcome to “Compliance Tip of the Day,” the podcast where we bring you daily insights and practical advice on navigating the ever-evolving landscape of compliance and regulatory requirements. Whether you’re a seasoned compliance professional or just starting your journey, our aim is to provide you with bite-sized, actionable tips to help you stay on top of your compliance game.

Join us as we explore the latest industry trends, share best practices, and demystify complex compliance issues to keep your organization on the right side of the law. Tune in daily for your dose of compliance wisdom, and let’s make compliance a little less daunting, one tip at a time.

In this episode, we consider how to not simply tame complexity but embrace it as technology continues to innovate. Compliance must keep up with the business units it serves.

For more information on Ethico and a free White Paper on top compliance issues in 2024, click here.

Categories
Daily Compliance News

Daily Compliance News: February 5, 2024 – The Facebook is 20 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.

In today’s edition of Daily Compliance News:

  • Facebook turns 20.  (WSJ)
  • Razak sentence length has been halved. (Al Jazeera)
  • More bad news for Dechert. (Reuters)
  • Will FTX repay its creditors? (NYT)

For more information on Ethico and a free White Paper on top compliance issues in 2024, click here.

Categories
FCPA Compliance Report

FCPA Compliance Report – Dr. Karen Jacobson on Bridging Cultural Divides for International Success

Welcome to the award-winning FCPA Compliance Report, the longest-running podcast in compliance. Today, I visited Dr. Karen Jacobson, a renowned expert in organizational leadership and communication. She provides guidance for compliance professionals around leadership.

Dr. Karen Jacobson is a seasoned professional with a rich background in healthcare, public speaking, and business consulting. Her perspective on effective leadership and communication in diverse workplaces is shaped by her experiences in war, the military, healthcare, and even her time as a competitive amateur ballroom dancer. Jacobson believes that effective leadership requires understanding and adapting to the needs of different audiences, tailoring communication to resonate with them, and being culturally aware. She emphasizes the importance of leaders adapting their language and communication style based on the audience’s behavior style, emotions, and level of understanding and learning about the customs, language, and etiquette of the cultures they interact with.

Join Tom Fox and Karen Jacobson on this episode of the FCPA Compliance Report to delve deeper into this insightful perspective.

Key Highlights:

  • The Power of Active Listening in Leadership
  • The Art of Navigating Generational Communication
  • Bridging Cultural Divides for International Success
  • Developing Middle Managers through Targeted Training
  • Understanding Generational Values and Communication Styles

Resources:

Karen Jacobson

Website

LinkedIn

Facebook

Twitter

YouTube

Instagram

Tom Fox

Instagram

Facebook

YouTube

Twitter

Categories
Sunday Book Review

Sunday Book Review: February 4, 2024 The Mysteries in February 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. Over the month of December, we will review some of the best books reported by The Real Book Spy’s February 2024 Reading Guide in various categories. In today’s edition of the Sunday Book Review, we look at four mystery and spy books releasing in February 2024 that you should check out.

  • The Bad Weather Friend by Dean Koontz
  • The Antique Hunter’s Guide to Murder by C.L.Miller
  • One Wrong Word by Hank Phillippi Ryan
  • Past Crimes, by Jason Pinter

Resource:

The Real Book Spy’s February 2024 Reading Guide in The Real Book Spy

For more information on Ethico and a free White Paper on top compliance issues in 2024, click here.

Categories
Kerrville Weekly News Roundup

Kerrville Weekly News Roundup: February 3, 2024

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 we will enjoy or participate in this weekend.

In this episode, Tom and Andrew discuss the following stories that caught their attention over the past week:

  • Tom discusses the Elks Club gift to the Special Opportunity Center. He also shouts out to Megacrete for announcing a new physical facility here in Kerrville. He shouts out the final weekend of the Renaissance Festival.
  • Andrew discusses the upcoming political races in Kerrville and reminds everyone to register to vote.

Resources:

Tom Fox on LinkedIn

Gilbert Paiz on LinkedIn

Andrew Gay on LinkedIn

Texas Hill Country Podcast Network

The Lead

Kerrville Daily Times

Categories
10 For 10

10 For 10: Top Compliance Stories For The Week Ending February 3, 2024

Welcome to 10 For 10, the podcast that brings you the week’s Top 10 compliance stories in one podcast each week. Tom Fox, the Voice of Compliance, brings to you, the compliance professional, the compliance stories you need to be aware of to end your busy week. Sit back, and in 10 minutes, hear about the stories every compliance professional should be aware of from the prior week. Every Saturday, 10 For 10 highlights the most important news, insights, and analysis for the compliance professional, all curated by the Voice of Compliance, Tom Fox. Get your weekly filling of compliance stories with 10 for 10, a podcast produced by the Compliance Podcast Network.

  1. A massive corruption scandal was uncovered in Ukraine. (CNN)
  2. Avon is still doing business in Russia.  (BBC)
  3. TI-CPI is out.  (TI)
  4. An Ecuadorian official got a $70,000 watch as a bribe.  (Bloomberg)
  5. Banks will need to gear up to access the corporate ownership database. (WSJ)
  6. Musk’s $55 billion pay package was voided.  (FT)
  7. Musk wants to move Tesla to Texas.  (FT)
  8. Will Razak get a pardon for 1 MDB? (South China Morning Post)
  9. Germany pulls support for the supply chain abuse law.  (FT)

For more information on Ethico and a free White Paper on top compliance issues in 2024, click here.

You can check out the Daily Compliance News for four curated compliance and ethics-related stories each day here.

Connect with Tom:

Instagram

Facebook

YouTube

Twitter

LinkedIn