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Daily Compliance News

Daily Compliance News: December 21, 2023 – The Fat Leonard Returns 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.

Stories we are following in today’s edition:

  • Fat Leonard returned to the US. (WSJ)
  • Rebecca Smith, a WSJ reporter who broke the Enron story, dies. (WSJ)
  • How corruption took Eskom dark. (FT)
  • Buffett can’t use bribery allegations in the Haslam lawsuit. (Fortune)
Categories
Compliance and AI

Compliance and AI: Jag Lamba – Certa’s AI Tools for Streamlining Procurement and Compliance Processes

What is the role of Artificial Intelligence in compliance? What about Machine Learning? Are you using ChatGPT? These questions are but three of the many questions we will explore in this exciting new podcast series, Compliance and AI. Hosted by Tom Fox, the award-winning Voice of Compliance, this podcast will look at how AI will impact compliance programs into the next decade and beyond. If you want to find out why the future is now, join Tom Fox on this journey to the frontiers of AI. Today, Tom hosts Jag Lamba, founder and CEO of Certa, on their new AI-based tool, Design AI.

In today’s rapidly evolving business landscape, organizations are constantly seeking ways to enhance efficiency and agility in their procurement and compliance processes. The emergence of artificial intelligence (AI) has provided new opportunities to streamline these operations and respond effectively to supply chain disruptions and compliance requirements. Certa, a leading provider of AI-powered solutions, has developed innovative tools that aim to address these challenges and revolutionize the way organizations manage their procurement and compliance functions.

One of Certa’s flagship AI tools is Design AI, which allows customers to design and edit workflows and integrations using natural language. This eliminates the need for technical expertise, making it easier for organizations to create and digitize new workflows or modify existing ones. With Design AI, customers can simply express their requirements in plain English, and Certa’s AI technology will generate the necessary questionnaires, workflows, and integrations based on their specific needs. This empowers organizations to quickly adapt and optimize their processes, ensuring they remain agile in the face of dynamic procurement and compliance landscapes.

Resources:

Jag Lamba on LinkedIn

Certa

Tom Fox

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LinkedIn

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Sustainability

Sustainability: The Business Opportunity of The 21st Century – The Rebuilding of Ukraine

Are you ready to take on the business opportunity of the 21st century? We are at a moment of enormous global change and even greater business opportunity. Climate change is the single biggest commercial opportunity of our time. In this podcast, Tom Fox and sustainability guru Richard Blundell explore the opportunities open to businesses that embrace sustainability from a business perspective. Find out why sustainability is the greatest opportunity of the 21st century and how you can prepare your business to take advantage of this unprecedented global opportunity.

Ukraine’s transition to renewable energy and its focus on cybersecurity is a fascinating topic, as the country is uniquely positioned to rebuild its energy infrastructure in a sustainable way and become a pioneer in green reconstruction. Tom Fox, with his emphasis on the potential of decentralization and distributed energy systems, sees Ukraine’s transition as an opportunity for the country to address its environmental and energy challenges while also positioning itself as a leader in sustainability. Richard Blundell, on the other hand, highlights the importance of learning from past failures and sees Ukraine’s commitment to a 2030 target of 50% renewables and 50% nuclear energy as crucial for national security and climate resilience. Both experts believe that Ukraine’s focus on cybersecurity education can position the country as a leader in providing cyber-related services. Join Tom Fox and Richard Blundell on this episode of Sustainability: The Business Opportunity of the 21st Century as they delve deeper into Ukraine’s transition to renewable energy and its focus on cybersecurity.

Key Highlights:

  • Transitioning to Rooftop Solar Panels for Improved Air Quality
  • Reimagining Ukraine’s Energy Infrastructure for Sustainability
  • Building a Green and Prosperous Future
  • Ukraine’s Sustainable Future: Zelensky’s Anti-Corruption Leadership
  • The Evolving Role of Cybersecurity in Future Conflicts

Resources:

Richard Blundell

 

Tom Fox

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Categories
Hill Country Artists Podcast

Hill Country Artists Podcast: The Magnificent 7 Ride in Kerrville

Delve into the heart of the Texas Hill Country with the “Hill Country Artists Podcast,” which illustrates and illuminates the vibrant tapestry of art rooted in this iconic region. From the sun-drenched limestone cliffs to the serene Guadalupe River, the Hill Country has been a muse for countless artists, providing a unique backdrop for creativity to flourish. In each episode, we uncover the stories behind the area’s most captivating artworks, converse with local artists about their inspirations, and explore the fusion of Texan traditions with contemporary artistic expressions. In this episode of the Hill Country Artists podcast, Tom visits with the women who make up The Magnificent 7.

The camaraderie and growth experienced by local artists through shared artistic goals is a fascinating topic that delves into the heart of the art community. This was proved true once again with the recent show, The Magnificent 7, which featured seven local women artists at the Kerr Arts and Culture Center. The Magnificent 7 are Elaine Capers, Nancy Huffman, Janelle Lindley, Laura Williams, Deanna Eixman, Dawn Weyer, and Janet Reinwald.

Tom is a passionate advocate for local art and believes that the local art scene provides invaluable opportunities for artists to showcase their work and gain recognition. His perspective is shaped by his appreciation for the power of art as a means of communication, its profound impact, and the women who make up The Magnificent 7 on this episode of the Hill Country Artists Podcast as he explores the power of shared artistic goals and the vibrant local art community.

Key Highlights:

  • Embracing Challenges and Fostering Teamwork
  • Expressive Artistic Mediums: From Acrylics to Paper Mosaics
  • Hidden Bible Verses and Healing Art
  • The Power of Art to Connect
  • The Breath-Taking Power of Local Art

Resources: The Magnificent 7

Nancy Huffman

Dawn Weyer

Elaine Capers

Janet Reinwald

Deanna Eixman

Laura Williams

Janelle Lindley

Categories
Greetings and Felicitations

Podfest Expo 2024 Speaker Preview Series – Steven Kimbrough

In this episode of the PodfestExpo 2024 Speaker Preview Podcasts series, I visit Steven Kimbrough, founder of the PNN Academy, to discuss his presentation at PodfestExpo. Some of the issues we tackle in this podcast are:

  • How to incorporate stand-up into your communications in 3 minutes.
  • How Chris Krimitsos brings out the best in everyone.
  • Why you should attend PodfestExpo 2024.

I’m hoping you’ll be able to join me at PodfestExpo 2024, which Podfest Global is hosting. This year’s event will be the 10th anniversary and will be held January 25–28, 2024, at the Wyndham in Orlando, Florida. The line-up of this year’s event is simply first-rate, with some of the top names in podcasting.

Podfest Expo is a community of people interested in and passionate about sharing their voice and message with the world through the powerful mediums of audio and video. We’re proud to unite as many people as possible to learn, get inspired, and grow better together.

PodfestExpo is so much more than just a mere conference. While we pride ourselves on featuring the most engaging speakers, exciting topics, and in-depth content, the thing that sets the PodfestExpo event apart from all others is the tight-knit community we’ve been building since 2013. You don’t just attend a Podfest event – you become part of the Podfest family.

Whether you’re new to podcasting or a veteran podcaster looking to innovate and improve your podcast, our easy-to-understand Conference Topics allow you to customize a daily agenda based on what you’re most interested in learning. No matter your skill level or experience, PodfestExpo 2024 has plenty to offer!

I hope you can join me at the event. For information on the event, click here. As an extra benefit to listeners of this podcast, Podfest Expo is offering a discount on the registration price. Enter the discount code “Listener.”.

PodfestExpo 2024 is a production of Podfest Global, which is the sponsor of this podcast series.

Steven Kimbrough on LinkedIn

PNN Academy

Categories
31 Days to More Effective Compliance Programs

One Month to a More Effective Compliance Program Through Data Analytics: Day 14 – Continuous Converged Compliance

How can you integrate compliance, risk management, and your security framework? Igor Volovich, Vice President, Compliance Strategy at Qmulos, introduced the innovative concept to this discussion: Converged Continuous Compliance. This approach aims to reunite compliance, security, and risk management, which have historically operated independently.

One of the key requirements impacting this new approach is the need to bridge the gap between these functions from both a data and human perspective. These concepts serve as a translator, helping organizations navigate the complex landscape of compliance, security, and risk management. By speaking the language of these three functions, Converged Continuous Compliance brings them together and facilitates collaboration.

Corporate compliance needs to promote new approaches to compliance and risk management by challenging misconceptions, reuniting compliance, security, and risk management, emphasizing data governance oversight, and advocating for automation. These approaches aim to enhance efficiency, increase trust in compliance reports, and ultimately drive a greater return on investment. As organizations navigate the ever-evolving landscape of compliance, it is crucial to consider the impact of new approaches and strike a balance between different factors to achieve effective compliance and risk management.

Three key takeaways:

  1. The DOJ has stated that a chief compliance officer and a corporate compliance function must have visibility across all data sets in an organization. Converged Continuous Compliance aligns with this message.
  2. The bottom line is that we have accepted certain models of how compliance is done, what compliance means, what it delivers to the enterprise, and what it fails to deliver to the enterprise.
  3. It is crucial to consider the impact of new approaches and strike a balance between different factors to achieve effective compliance and risk management.

For more information on KonaAI, click here.

Categories
Compliance Into the Weeds

Compliance Into The Weeds: Congress Fills a Gap – FEPA

The award-winning Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to more fully explore a subject. Looking for some hard-hitting insights on sanctions compliance? Look no further than Compliance into the Weeds! In this episode, Tom and Matt take a deep dive into the Foreign Extortion Prevention Act (FEPA), a groundbreaking law that aims to combat corruption by criminalizing foreign government officials who solicit or accept bribes from US entities.

This law complements the Foreign Corrupt Practices Act (FCPA), which penalizes companies for offering bribes, and introduces new challenges and implications for anti-corruption measures. Tom views FEPA as a long-overdue measure that fills a gap in anti-corruption efforts. He agrees with Matt emphasizes that FEPA addresses a long-standing concern of anti-corruption advocates. Both Fox and Kelly anticipate further guidance from the Department of Justice on how this new law will interact with existing measures under the FCPA. Join Tom Fox and Matt Kelly as they delve deeper into this topic in the latest episode of the Compliance into the Weeds podcast.

 

Key Highlights:

  • Combating Foreign Corruption: FIFA’s Powerful Impact
  • Implications of FIFA Cooperation on FCPA Prosecution
  • Extradition Challenges in FIFA Corruption Cases
  • The Impact of the Name and Shame List

Resources:

Matt Kelly on LinkedIn

Tom

Instagram

Facebook

YouTube

Twitter

LinkedIn

Categories
Great Women in Compliance

Great Women in Compliance – Mary Shirley Checks in with a GWIC Year End Wrap Up

Welcome to the Great Women in Compliance Podcast. Today Lisa and Hemma visited with GWIC co-founder Mary Shirley about her move to the West Coast, her new role, and what she sees down the road for compliance in 2024 and beyond.

Most recently, she wrote “Living Your Best Compliance Life: 65 Hacks & Cheat Codes to Level Up Your Ethics & Compliance Program (CCI Press 2023).” In “Level Up,” Mary utilized many of her experiences and others in putting together practical and insightful hacks to help new and experienced compliance professionals going forward.  Mary also shares some new “hacks” that have been shared with her since the book was published.

Mary is known for “sending the elevator back down,” as well as lifting our ethics and compliance community up. She emphasizes the importance of incorporating diverse perspectives into compliance programs and building a culture of compliance. She did that in the book by crowdsourcing ideas from the compliance community and sharing these ideas with all of us. By leveraging the knowledge and experiences of others, Mary helps compliance professionals continuously enhance their compliance programs.

Join Lisa Fine, Hemma Lomax, and Mary Shirley on this episode of the Great Women in Compliance podcast to delve deeper into these insights.

Key Highlights:

  • Practical Tools for Compliance Leadership
  • The Power of Collaboration for Personal Growth
  • Expanding Incentives for Team Recognition
  • Embracing New Challenges in Teaching
  • The Vibrant and Active Lifestyle of California

 Resources:

Join the Great Women in Compliance community on LinkedIn here.

Categories
Hill Country Authors

Hill Country Authors Podcast – Larry Morris on Writing and Publishing Science Fiction

Welcome to the award-winning The Hill Country Authors Podcast. In this podcast, Hill Country resident Tom Fox visits with authors who live in and write up the Texas Hill Country.  In this episode, Tom visits with author Larry Morris, a science fiction writer from Wimberly, TX.

Larry Morris, a former software architect with over two decades of experience in data processing at BMC Software in Houston, found a new passion in writing science fiction as he approached retirement. After a successful career in the tech industry, Larry transitioned into a successful career as a science fiction author, publishing his first book in 2011. His perspective on writing is shaped by his preference for working with small groups of potential writers with established authors rather than larger organizations focused on critiquing each other’s work. Larry’s passion for science fiction, combined with his unique approach to writing and collaboration, has led to the creation of his popular Salvage series and a fulfilling second career. Join Tom Fox and Larry Morris on this episode of the Hill Country Authors Podcast to learn more about Larry’s successful transition from software architect to sci-fi author.

Key Highlights:

  • Larry Morris’ Captivating Salvage Series in Science Fiction
  • Cosmic Adventures: Space Junk and Alien Threats
  • Larry’s Successful Self-Publishing Seminars
  • Where to Find Larry Morris’ Captivating Science Fiction Novels

Resources:

Larry Morris on Linkedin

Larry Morris Author Page on Amazon

Tom Fox

Instagram

Facebook

YouTube

Twitter

LinkedIn

Categories
Daily Compliance News

Daily Compliance News: December 20, 2023 – The Exiger 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.

Stories we are following in today’s edition:

  • A Cardinal was sentenced to prison for fraud. (NYT)
  • Carlyle acquires Exiger. (WSJ)
  • What not to say when laying employees off. (WaPo)
  • Why you really should not violate patents. (Bloomberg)