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Because That's What Heroes Do

Loki, Season 2, Episode 5-Science Fiction

Get ready for an exciting new season of Because That’s What Heroes Do. In it Tom and Megan review Loki, Season 2. In this episode, we discuss the penultimate Episode 5-Science Fiction, taking a deep dive as we move towards the conclusion of this time-bending series.

In the fifth of six episodes of Loki-Season 2, viewers are taken on a journey through the origin stories of various characters, delving into their backgrounds and relationships. This episode not only explores the emotional and spiritual growth of Loki but also highlights his deep desire for family and connection. Tom found the episode intriguing, particularly appreciating the theme of family and growth for Loki. He also notes the development of Loki’s relationship with Sylvie and his newfound hope to save everyone.

Megan expressed delight and appreciation for the episode, praising the portrayal of everyone’s origin story and the significant character development of Loki. She also draws parallels between the emotionally impactful scenes in this episode and those in “Avengers: Infinity War”. Join Tom Fox and Megan Dougherty as they delve deeper into the intricacies of Loki episode five on the Because That’s What Heroes Do podcast.

 

Highlights

  • The Significance of Loki’s Desire for Family
  • Loki’s Journey to Build a Family
  • Loki’s Origin Stories Unite in Emotional Finale

Resources

Megan Dougherty

LinkedIn

One Stone Creative

Twitter

Tom

Instagram

Facebook

YouTube

Twitter

LinkedIn

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Career Can D0

AI and The Future of Work with Jonathan Green

AI expert Jonathan Green joins host Mary Anne Faremouth for an in-depth discussion on how artificial intelligence and tools like ChatGPT are transforming careers. Jonathan has a master’s degree in AI from King’s College London and now works as an AI consultant, helping businesses implement AI systems and processes. He shares insights from his book, ChatGPT Profits, on how professionals at any career stage can leverage AI to work more efficiently, free up time, and future-proof their careers in an AI-driven job market. 

 

Jonathan first took notice of AI about two years ago when the quality improved dramatically, especially with the release of ChatGPT version 3.5. He was struck by how readable the content was compared to previous AI-generated text. When he tested the newest AI tools, he found he could customize prompts to get better results than default settings. Jonathan began experimenting with tweaking parameters and sharing techniques with his community, ultimately developing his own formulas and processes to get the most strategic value from AI. He noticed gaps in how others were using the tools and believed drawing on his approach to writing books, courses, and blogs would allow him to use AI in a more optimized way.

Jonathan emphasizes that AI works best in cooperation with humans, not as a replacement. Instead, Jonathan recommends a collaborative working relationship where AI generates drafts and surfaces ideas while humans provide judgment, nuance, ethics, and creativity. He believes this approach enhances human skills and capabilities. Thoughtfully integrating AI to amplify uniquely human traits like strategy, innovation, leadership, and purpose can usher in a new era of productivity and meaning. 

When evaluating where professionals can apply AI in their daily work, Jonathan suggests starting by identifying repetitive tasks that are time-intensive but do not require critical thinking, such as answering routine emails, compiling metrics or status reports from multiple sources, and converting information from one format to another. These mundane administrative tasks are prime for automation so knowledge workers can focus energy on higher-value work. Jonathan shares examples from his own business like using AI to generate show notes from transcript recordings. He emphasizes maintaining quality by reviewing AI-generated drafts before sending them to finalize. The goal is not to eliminate the human but rather change their role from production to oversight, saving time while preserving accuracy.

Mary Anne asks Jonathan how job seekers can leverage AI, specifically ChatGPT, to prepare for upcoming interviews. Jonathan suggests doing mock interviews with ChatGPT customized to the hiring manager and company. He explains that ChatGPT has detailed data on many major companies’ interview practices and also on common interview styles. Users can request mock interviews with ChatGPT while role-playing as the actual interviewer they will be meeting with. He emphasizes customizing questions to the position as this elicits tailored responses from ChatGPT. Rehearsing interview questions ahead of time helps reduce some nerves since expected questions won’t feel as intimidating.

Resources

Jonathan Green on LinkedIn | ChatGPT Profits

Faremouth.com

Categories
Creativity and Compliance

Creativity and Compliance – Personalization of Compliance Communications

Where does creativity fit into compliance? In more places than you think. Problem-solving, accountability, communication, and connection – they all take creativity. Join Tom Fox and Ronnie Feldman on Creativity and Compliance, part of the award-winning Compliance Podcast Network. Ronnie’s company, Learnings and Entertainment, utilizes the entertainment devices that people use to consume information in their everyday, non-work lives, and apply it to important topics around compliance and ethics. It is not only about being funny. It is about changing the tone of your compliance communications and messaging to make your compliance program, policies, and resources more accessible. Today Ronnie and Tom visited with Krista Wolff and Shannon Jamison both from Agilent Technologies on their innovative compliance communications strategies.

Krista Wolff, a professional in corporate compliance with a background in graphic design, and Shannon Jamison, a Global Compliance Operations leader for Agilent Technologies, are known for their innovative and engaging approaches to corporate compliance. Wolff believes in the importance of risk-taking and vulnerability in creating effective compliance initiatives, emphasizing the need for action, personal outreach, and the use of creativity to make compliance initiatives approachable and enjoyable. Jamison, on the other hand, advocates for fun and authenticity in compliance programs, emphasizing the importance of being true to oneself, connecting with the target audience, and fostering team collaboration. Both Wolff and Jamison’s perspectives are shaped by their unique backgrounds and experiences in the field. Join Tom Fox and Ronnie Feldman as they delve into these perspectives with Krista Wolff and Shannon Jamison on this episode of the Creativity and Compliance podcast.

Key Highlights:

  • Making Compliance Engaging and Fun
  • The Power of Involving Others in Compliance
  • Compliance Team Trading Card Showcase
  • Compliance Trading Cards and Cocktail Pairings
  • Creating a Positive Compliance Culture through Engaging Activities
  • Appreciation for Building Business Connections

Resources:

Ronnie

Guests

Shannon Jamison on LinkedIn

Krista Wolff on LinkedIn

Tom

Instagram

Facebook

YouTube

Twitter

LinkedIn

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2 Gurus Talk Compliance

2 Gurus Talk Compliance – The Disturbing Edition

What happens when two top compliance commentators get together? They talk compliance of course. Join Tom Fox and Kristy Grant-Hart in 2 Gurus Talk Compliance as they discuss the latest compliance issues in this week’s episode! In this episode, Tom and Kristy take on a wide variety of topics including Florida Woman gone astray.

In the ever-evolving world of regulatory compliance and risk management, challenges are constant and strategies must be dynamic. Tom highlights recent FCPA enforcement actions and a Declination. Kristy highlights the criminal enterprise that was Binance and the role of its former CCO, asks why employees are so miserable, and checks in on Florida Woman. Join Tom Fox and Kristy Grant-Hart as they delve deeper into these issues in this episode of the 2 Gurus Talk Compliance podcast.

  • FCPA enforcement actions involving UK Reinsurers. FCPA Blog
  • Compliance Officers feeling regulatory heat. Compliance Week
  • Why you should be very wary of forever chemicals. CCI
  • Lifecore receives declination. Pryor Cashman
  • ABC insights from Sierra Leone GAB
  • ‘I am personally disturbed’ by FDIC harassment allegations: Gruenberg Yahoo Finance
  • Binance Penalties Include a Number of Crypto Industry Firsts WSJ
  • Kristy’s new book has been published! Your Year as a Wildly Effective Compliance Officer
  • Why Is Everyone So Unhappy at Work Right Now? WSJ
  • Florida woman with outstanding warrants busted after calling cops to report stolen weed worth $5. New York Post

 Resources

Kristy Grant-Hart on LinkedIn

Spark Consulting

Tom

Instagram

Facebook

YouTube

Twitter

LinkedIn

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31 Days to More Effective Compliance Programs

One Month to a More Effective Compliance Program Through Data – Driven Compliance: Day 1 – Introduction to Data – Driven Compliance

In the world of compliance, data analytics and monitoring have become increasingly important. The Department of Justice (DOJ) has emphasized the significance of effective compliance programs, highlighting the role of data analytics and technology-driven approaches. Data-driven compliance helps companies gain insights into their data for informed decisions and improved compliance culture. Data-driven compliance should be designed to identify hidden money, prevent improper payments, and improve business efficiency. A key is the ability to facilitate collaboration and data sharing without compromising privacy or security, thereby enhancing the performance of predictive models.

In the Albemarle FCPA enforcement, the DOJ said for the first time that data-driven compliance is now a part of the requirements of an effective compliance program. By leveraging data and data analytics, compliance professionals more effectively manage risks, improve compliance culture, investigate issues, and ultimately keep companies out of trouble. Additionally, a robust data analytics platform will also contribute to making the business better by identifying hidden money, stopping improper payments, and enhancing overall business efficiency.

By leveraging data analytics, companies can identify hidden money, prevent improper payments, and enhance overall business efficiency. In today’s regulatory environment, the risk of not adopting data-driven compliance approaches is high, making solutions essential for companies seeking to stay compliant and improve their business practices.

 Three key takeaways:

1. The DOJ identified data analytics as a part of a best practices compliance program in the Albemarle FCPA enforcement action.

2. Data-driven compliance allows companies to access their data, search vendors, analyze transactions, run corruption and fraud tests, and even evaluate predictive models.

3. Data-driven compliance should be designed to identify hidden money, prevent improper payments, and improve business efficiency.

For more information on KonaAi, click here.

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A Yank at Oxford

A Yank at Oxford: Episode 10 – David Simon Looks Forward, Part 2

Tune in every quarter to learn how David Simon, a 53-year-old lawyer from the US, navigated the ancient world of Oxford University in pursuit of an MBA. David is a partner at the white-shoe law firm Foley and Lardner and has dedicated his career to white-collar compliance with a heavy international focus. In A Yank in Oxford, David and host Tom Fox talk about what inspired his decision to pursue an executive MBA and where his journey may lead. Today concludes a two-part final episode as David has graduated with a Master’s from Oxford. He discusses some of the insights he garnered and how they might be used going forward.

In this final episode of the A Yank at Oxford podcast, Tom Fox and David Simon discuss some of the insights Simon had from his time in the Oxford MBE program and how he might use some of his new-found skills going forward. Fox and Simon both believe that law firms and other professional services firms need to improve their management practices, drawing on modern business theory. They also acknowledge the potential disruption that technology, particularly AI, can bring to the traditional law firm model.

Both suggest that junior lawyers should aim to become strategic business advisors, capable of solving broader problems, to remain valuable in the face of technological advancements. Fox and Simon also express interest in sharing their insights through writing and potentially developing a course for law students that combines MBA learnings with their experience in a law firm. Join Tom Fox and David Simon on this episode of the A Yank at Oxford podcast for an enlightening discussion on these critical issues.

Key Highlights

  • Expanding Legal Expertise Beyond Traditional Boundaries
  • Expanding Global Networks: Broadening Perspectives and Building Connections
  • Transformative Insights: Navigating the Global Business World
  • The Impact of AI on Law Firm Models

Resources

David Simon at Foley and Lardner

 Tom Fox

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Facebook

YouTube

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LinkedIn

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Blog

Compliance Lessons from The Adventure of the Crooked Man

One of the great things about having a podcast network is that I get to not only explore topics that I love but I get to tie them into compliance. Perhaps the best example is my award-winning series, Trekking Through Compliance where I review all 79 episodes of Star Trek-the Original Series (TOS) and mine each episode of compliance, ethics and leadership lessons. This past summer, I began a full exploration of the Sherlock Holmes oeuvre beginning with the first series of short stories published by A. Conan Doyle in the Strand Magazine which became the book, The Adventures of Sherlock Holmes.  I made it through the original 13 stories and am now onto the second set of stories, which became the book, The Memoirs of Sherlock Holmes.

This week, I reviewed The Adventure of the Crooked Man where the focus is on the intriguing murder mystery involving the death of Colonel James Barkley. In this story Holmes is initially presented with evidence pointing towards the guilt of the Colonel’s wife, Nancy. However, Holmes, with his keen deductive skills, uncovers the presence of a third person and an oversized weasel at the murder scene, leading to a tale of deceit and betrayal.

One of the key factors impacting Sherlock Holmes’ investigation in this case is his unwavering pursuit of truth and justice. Holmes is not easily swayed by the evidence arranged against Nancy, and he meticulously examines each piece of information to uncover the real culprit. This reflects Holmes’ high ethical standard, emphasizing the importance of truth and justice over personal gain or convenience.

Another factor that plays a significant role in Holmes’ investigation is his ability to understand and empathize with the people involved. Holmes goes beyond the analytical aspects of the case and delves into the motivations and emotions of the characters. In the case of the crooked man, Holmes empathizes with him and refrains from exposing him to the police, recognizing the heavy price the man has already paid. This highlights the importance of empathy and understanding others’ perspectives in all dealings.

The story also emphasizes the concept of retribution and consequences. Holmes believes in the principle that actions have consequences, and the main antagonist in the story faces retribution for his past actions. However, this retribution is not achieved through direct legal means but rather indirectly through the consequences of his own actions. The narrative underscores the notion of karma and the ethical lesson that wrong actions can have unexpected and harmful repercussions.

Personal responsibility is another key theme in The Adventure of the Crooked Man. Both the crooked man and Colonel Barkley demonstrate personal responsibility in different ways. The Colonel’s guilt for his past actions is evident, and he is unable to escape the consequences. On the other hand, the crooked man takes responsibility for his life and makes his own way despite his disability. This encourages readers to take personal responsibility for their own actions and circumstances.

In the resolution of the case, Holmes opts for a peaceful resolution rather than seeking punishment. He recognizes that the Colonel’s death was unintentional and a result of his own guilt and horror. This demonstrates the principle that vengeance and punishment are not always the best or most ethical solutions to conflicts.

The Adventure of the Crooked Man is a captivating Sherlock Holmes story that delves into themes of truth, justice, empathy, retribution, consequences, and personal responsibility. It encourages readers to reflect on their actions and circumstances, imparting valuable ethical lessons. Holmes’ investigation in this case showcases the tradeoffs involved in balancing different factors and the challenges associated with different approaches. By considering the impact on all parties involved, Holmes is able to uncover the truth and deliver justice in his own unique way.

I found The Adventure of the Crooked Man  to be a thought-provoking episode from The Memoirs of Sherlock Holmes. Through Holmes’ investigation, listeners are taken on a journey of unraveling deceit and betrayal, while also exploring important ethical lessons. The episode highlights the significance of truth, justice, empathy, retribution, consequences, and personal responsibility in solving mysteries and making decisions. It serves as a reminder that actions have consequences and that understanding others’ perspectives is crucial in achieving a peaceful resolution.

Check out my podcast episode of The Memoirs of Sherlock Holmes here.

Categories
Daily Compliance News

Daily Compliance News: December 1, 2023 – The Data – Driven Enforcement 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 in 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:

  • The DOJ will use more data-driven enforcement in FCPA cases. (DOJ Press Release)
  • Sam Altman outlines plans for OpenAI going forward. (NYT)
  • Russian soldiers are using bribery to escape combat. (Novaya Gazeta)
  • Ohio Governor DeWine to be deposed in FirstEnergy civil litigation (Ohio Capitol Journal)
Categories
Blog

The Binance Enforcement Action

Binance, the world’s largest cryptocurrency trading platform, has recently been hit with a staggering $4.3 billion fine for intentionally violating anti-money laundering laws and other financial regulations. This landmark case has sent shockwaves through the cryptocurrency industry and serves as a stark reminder of the importance of regulatory compliance.

The penalties were imposed by several regulatory bodies, including the Justice Department, the Commodity Futures and Trading Commission (CFTC), and FinCEN, the money laundering agency in the United States. The fines and penalties are the result of Binance’s deliberate non-compliance, which included lying about anti-money laundering controls, allowing US customers to trade despite not being a registered US exchange, and facilitating transactions with sanctioned entities.

The consequences for Binance have been severe. CEO Changpeng Zhao, also known as CZ, has resigned and is facing potential imprisonment for at least 18 months. He has been prevented from leaving the country until his sentencing. Former Chief Compliance Officer Samuel Lim is expected to face a $1.5 million fine and restrictions on his future career. Binance itself has pleaded guilty and will be subject to a three-year plea agreement, as well as a five-year compliance monitorship imposed by Finsen and OFAC. The CFTC settlement with Lim is only a proposed consent order; it still needs final approval from a federal judge. Matt Kelly, writing in Radical Compliance reported, “Lim apparently has agreed to the proposed terms.”

The case against Binance highlights the deliberate intent to deceive and evade regulatory requirements. The company deliberately ignored anti-money laundering and sanctions laws, allowing customers from sanctioned countries such as Iran, Syria, and North Korea to conduct business on the platform. This intentional non-compliance extends to all aspects of an effective compliance program, with Binance disregarding the seven elements that make up such a program.

The implications of this case go beyond Binance itself. It serves as a warning to the entire cryptocurrency industry that regulatory compliance is not optional. The Justice Department’s message is clear: if you are doing business in the United States or handling US assets or working with US customers, you must obey US law. The days of the cryptocurrency sector operating in a regulatory-free zone are over.

The Binance case also raises important questions about the future of cryptocurrency as a true alternative financial system. The enforcement actions and court cases surrounding Binance and other crypto ventures indicate that the era of unregulated crypto is coming to an end. Regulators are asserting their authority and making it clear that crypto firms must adhere to existing financial regulations.

For compliance professionals, the Binance case provides valuable lessons and insights. It demonstrates the consequences of deliberate non-compliance and the importance of a robust and enforced compliance program. The role of the Chief Compliance Officer (CCO) is also under scrutiny, with the case highlighting the potential liability faced by CCOs who are complicit in misconduct or fail to fulfill their responsibilities.

While the Binance case may be an extreme example, it serves as a reminder that compliance professionals must take their roles seriously and ensure that their organizations are fully compliant with applicable laws and regulations. The consequences of non-compliance can be severe, both for individuals and for the reputation and financial stability of the organization.

The $4.3 billion fine imposed on Binance for violating anti-money laundering laws is a significant development in the cryptocurrency industry. It underscores the importance of regulatory compliance and sends a clear message to the sector that it is not exempt from financial regulations. Compliance professionals must learn from this case and ensure that their organizations prioritize and enforce robust compliance programs to avoid similar consequences.

Check out Matt Kelly and myself dissecting the Binance enforcement action on Compliance into the Weeds.

Categories
Everything Compliance

Everything Compliance – Episode 125 – The Post – Thanksgiving 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 our fan-fav Shout Outs and Rants section.

1. Matt Kelly says the US Supreme Court Code of Ethics is already broken. Kelly has a book review shout-out to Peter Cappelli for his book Our Least Important Asset.

2. Karen Woody takes a deep dive into the SEC enforcement action against Solar Winds and its current CISO. She shouts out to Megan Rapinoe and Ali Krieger who both retired from professional soccer for their great careers and leading lights of social justice.

3. Jonathan Armstrong talks about David Cameron returning to the UK government and the need to eliminate sleaze in government. He rants about sliced salami announcements by politicians.

4. Jay Rosen looks at the ongoing corruption scandal in Santa Clara County CA, involving the former sheriff and the alleged sale of concealed carry permits. He shouts out to Giles Martin, son of Sir George Martin, for his remastering of the Beatles’ Red and Blue albums.

The members of the Everything Compliance are:

•       Jay Rosen– Jay is Vice President of Business Development Corporate Monitoring at Affiliated Monitors. Rosen can be reached at JRosen@affiliatedmonitors.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 and 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.