Categories
Innovation in Compliance

Navigating CFIUS Risks with Business Intelligence: Part 3 -CFIUS and Compliance Frameworks for Export Control, Financial Crimes Risk and Anti-Corruption Compliance


Welcome to a  sponsored podcast series where I am exploring how to navigate risk from the Committee on Foreign Investment in the United States (CFIUS), sponsored by K2 Intelligence Financial Integrity Network (K2 Intelligence FIN). Over this five-part series I will visit with David Holley and Him Das the co-leads of CFIUS Advisory Practice at K2 Intelligence FIN. We will consider navigating the CFIUS process through using business intelligence to identify CFIUS threats and vulnerabilities, using a proactive approach to navigate the CFIUS process, CFIUS and cyber risk and access control, and effective monitoring for CFIUS. Today, in Episode 3, I visit with Him Das on the CFIUS process regarding compliance frameworks for sanctions, export control, financial crimes risk and anticorruption risks.
Highlights include:

  • When it comes to sanctions and export control, what is CFIUS examining?
  • What sectors are particularly vulnerable to new export control rules and why?
  • How can entities leverage due diligence to mitigate these issues?
Categories
Innovation in Compliance

Navigating CFIUS Risk with Business Intelligence: Part 2-Navigating CFIUS Through Proactive Management


Welcome to a  sponsored podcast series where I am exploring how to navigate risk from the Committee on Foreign Investment in the United States (CFIUS), sponsored by K2 Intelligence Financial Integrity Network (K2 Intelligence FIN). Over this five-part series I will visit with David Holley and Him Das the co-leads of CFIUS Advisory Practice at K2 Intelligence FIN. We will consider navigating the CFIUS process through using business intelligence to identify CFIUS threats and vulnerabilities, CFIUS and compliance frameworks, CFIUS and cyber risk and access control, and effective monitoring for CFIUS. Today, in Episode 2, I visit with Him Das on navigating the CFIUS process through proactive management and compliance solutions.
Highlights include:

  • What is CFIUS looking for?
  • How do you even begin a filing?
  • What compliance frameworks do you need to get through the process?
Categories
Innovation in Compliance

Navigating CFIUS Risk with Business Intelligence: Part 1-Identifying Threats and Vulnerabilities


Welcome to a  sponsored podcast series where I am exploring how to navigate risk from the Committee on Foreign Investment in the United States (CFIUS), sponsored by K2 Intelligence Financial Integrity Network (K2 Intelligence FIN). Over this five-part series I will visit with David Holley and Him Das the co-leads of CFIUS Advisory Practice at K2 Intelligence FIN. We will consider navigating the CFIUS process through proactive management, CFIUS and compliance frameworks, CFIUS and cyber risk and access control, and effective monitoring for CFIUS. Today, in Episode 1, I visit with David Holley on using business intelligence to identify threats and vulnerabilities under the CFIUS process.
Highlights include:

  • A broad overview of CFIUS
  • What role does business intelligence play?
  • What threats and vulnerabilities should be identified and mitigated?
Categories
FCPA Compliance Report

Quyen Truong on California’s Proposed Mini-CFPB: National Impact and Enforcement Threat


In this Episode, I visit with Quyen Truong, a partner at Stroock & Stroock & Lavan in Washington DC. In this podcast we discuss the firm’s recent article on the national impact of this proposed mini-CFPB, part of a major California’s major push to dominate the consumer protection landscape; and the key aspects of the proposed agency expansion, particularly the top enforcement threats facing the industry. Some of the highlights include:
Some of the highlights include:

  • An overview of the California proposal to create a mini-Consumer Financial Protection Bureau in California.
  • What types of businesses does the proposal cover?
  • What will be the role of the California Dept. of Business Oversight?
  • What are the similarities with the federal law and CFPB?
  • Could this law be expanded to B2B companies?
  • Could this law serve as a model for other states?
  • With the Trump Administration’s recent rollback on CFPB enforcement, will states likely take up the slack?

For a copy of the article California’s Mini-CFPB: National Impact and Enforcement Threat, click here.

Categories
Sunday Book Review

March 22, 2020, the Thriller edition


In today’s edition of Sunday Book Review:

  • The Holdout by Graham Moore
  • Pretty as a Picture by Elizabeth Little
  • Dead to Her by Sarah Pinborough
  • The Other Mrs. by Mary Kubica
Categories
Daily Compliance News

March 21, 2020-the Levandowski pleads guilty edition


In today’s edition of Daily Compliance News:

  • PG&E reaches deal with CA. gov. (NYT)
  • Levandowski pleads guilty to trade-secret theft. (Washington Post)
  • The palm oil industry and the FCPA. (WSJ)
  • Boards need to review succession plans. (WSJ)
Categories
The Ethics Experts

The Ethics Experts: Episode 3 – Kourtney Peagram


On this episode of The Ethics Experts, we speak with Kortney Peagram about how corporate training and anti-bullying training in schools are connected.

Check out more episodes, and don’t forget to subscribe on your favorite podcast platform!

Categories
The Ethics Experts

The Ethics Experts: Episode 2 – Charlie Middleton


On this episode of The Ethics Experts, we speak with Charlie Middleton about tax whistleblowing, corporate America’s leadership, and being an advocate for integrity in the workplace.

Check out more episodes, and don’t forget to subscribe on your favorite podcast platform!

Categories
The Ethics Experts

The Ethics Experts: Episode 1 – Kristy Grant


On this episode of The Ethics Experts, we speak with Kristy Hart about the changes taking place in the data privacy world and implementing a general data protection regulation (GDPR) styled process.

Check out more episodes, and don’t forget to subscribe on your favorite podcast platform!

Categories
31 Days to More Effective Compliance Programs

AI as a Competitive Advantage


One thing is certain going into 2020 and beyond is that technology that will improve the efficiency of compliance and will assist in the operationalization of compliance into fabric of every business which embraces it. I would posit that the compliance professional who incorporates the techniques they advocate into their organization’s compliance program will not only move their compliance program forward but also make their company run more efficiently and, at the end of the day, more profitably.
AI is a step which weds the human interaction and experiences with the data which is available to every company – its own internal information which is most generally sitting in siloed verticals and not being used. This data can provide the foundation for business research and risk-forecasting models and AI. When you couple this data with the insights into what humans do well or poorly; you can pair the best of these two seemingly disparate incongruities. Moreover, when a compliance function embraces the use of AI and embraces this human and technological approach for forecasting and risk assessments and then keeps improving their risk management techniques, it will create a sustainable strategic business, compliance and intelligence advantage over its competition.
Three Key Takeaways:

  1. Use the big data in your own organization.
  2. Break down silos to get the data.
  3. Using the data in your own organization will drive greater business efficiency and greater profitability.