In the Sunday Book Review, Tom Fox considers books that would interest compliance professionals, business executives, or anyone with a curiosity. It could be books about business, compliance, history, leadership, current events, or any other topic that might interest Tom. Today, we review four top books on tackling climate change.
Cleaning the Air by Hannah Ritchie
Rooted in Changeby Jane Masters and Andrew Neather
The New Global Possible by Ani Dasgupta
The Growth Story of the 21st Century by Nicholas Stern
Resources:
Four hopeful guides to tackling climate change in the FT.
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.
In this episode of ‘From The Editor’s Desk’ podcast, hosts Tom Fox and Aaron Nicodemus delve into key compliance issues featured in Compliance Week. Tom and Aaron discuss the top stories from Compliance Week in October, look at some stories that will appear in November, and provide a preview of upcoming content and events.
They discuss the insights from a case study on Lafarge’s anti-bribery issues linked to cartels and terrorist organizations, as well as challenges in business due diligence in high-risk areas. The episode also covers recent trends around DOJ compliance monitorship under different administrations, insights into Foreign Corrupt Practices Act (FCPA) enforcement, and evolving compliance issues related to artificial intelligence (AI). Finally, they highlight upcoming Compliance Week initiatives and webinars, focusing on career pathways in compliance, the importance of due diligence in high-risk environments, and the practical applications of AI in the compliance field.
Welcome to a special series of Popcorn and Compliance. In this series, we will examine the Classic Universal Monster Movies from the 1930s and 1940s, mining them for compliance lessons. (Yes, it really is an excuse to rewatch them all.) In this series, we will examine Frankenstein, Dracula, The Wolf Man, The Mummy, and conclude with The Invisible Man. In today’s episode of ‘Popcorn and Compliance,’ we wrap up our series by analyzing the 1933 classic, ‘The Invisible Man,’ for compliance insights.
Joined by Fiona and Timothy, Fox explores how Claude Rains’ portrayal of Jack Griffin, a scientist who becomes unhinged after discovering invisibility, parallels challenges in corporate compliance. The episode distills five key lessons: the perils of lacking transparency, the necessity of accountability, the critical role of organizational culture, the exponential risks when innovation outpaces ethics, and the importance of crisis preparedness. This episode highlights the importance of making the invisible visible in compliance practices, aiming to uncover hidden risks, enforce accountability, and maintain robust ethical standards.
Welcome to Season 2 of the award-winning Data Driven Compliance. In this new season, we will examine the new Failure to Prevent Fraud offense. Join host Tom Fox as we explore this new law and how to comply with it through the lens of data-driven compliance. This podcast is sponsored by konaAI. In this concluding episode of Season 2, Tom Fox is joined by Steptoe LLP partners Zoe Osborne, Judy Krieg, and Matt Galvin for an in-depth discussion on the UK’s new fraud prevention offense.
The panel explores the jurisdictional reach of the law, highlighting the broad scope that can impact U.S. companies, even those with limited ties to the UK. They delve into the roles of potential enforcers such as the Serious Fraud Office, the Crown Prosecution Service, and the Financial Conduct Authority. Practical advice is shared on leveraging AI for compliance, maintaining robust fraud prevention measures, and documenting decision-making processes to ensure transparency and accountability. This episode provides comprehensive insights essential for corporate compliance professionals navigating these complex regulatory landscapes.
Welcome to a special production of The Hill Country Podcast, which is a 12-part series collaboration with the communicators of tomorrow from right here in the Texas Hill Country. The Hill Country Podcast and the Texas Hill Country Podcast Network have partnered with the talented students from Dr. Adolfo Mora’s Communications class at Schreiner University to turn the microphone over to them. Join us each episode as these fresh voices explore critical topics, challenge modern ideas, and provide their unique perspectives on the world of communication.
In this engaging episode of our special series, hosts Pilar, Brianna, and Noah dive into a musical game called ‘Would You Skip It?’. The trio selects and shares songs representing various themes: Happy, Nostalgic, Confident, Love, and Sad. Each host explains their personal connection to the music, while the others decide whether to skip or play the track and explain their reasoning. With a mix of personal anecdotes and a wide range of musical tastes, this episode not only explores the hosts’ musical preferences but also offers a reflective discussion on how songs evoke different emotions and memories. Tune in to discover their thoughts and perhaps find new favorites or revisit old classics.
Welcome to AI Today in 5, the newest edition to the Compliance Podcast Network. Each day, Tom Fox will bring you 5 stories about AI to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the AI Today In 5. All, from the Compliance Podcast Network. Each day, we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest related to AI.
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, including compliance, ethics, risk management, leadership, or general interest, relevant to the compliance professional.
Welcome to “Compliance Tip of the Day,” the podcast that brings 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 goal is to provide you with bite-sized, actionable tips to help you stay ahead in your compliance efforts. 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.
Today, we discuss how ‘Persuasion Science’ can help compliance.
For more information on this topic, refer to The Compliance Handbook: A Guide to Operationalizing Your Compliance Program, 6th edition, recently released by LexisNexis. It is available here.
Today’s podcast begins with a brief discussion in our spotlight segment featuring a returning guest, Donald Day of VDX, on the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority’s (HKMA) newly issued supplemental circular, which updates the framework for intermediaries’ virtual asset activities.
Following that, we chat with Philippa Allen of IQ-EQ about the compliance implications of a large number of high-net-worth mainland Chinese individuals parking their funds – and, all too often, themselves and their families – in Singapore in recent times, especially since the pandemic.
Biography:
Donald Day is the Chief Operating Officer of VDX, a fintech startup in Hong Kong committed to building a digital asset ecosystem for institutional investors. He was previously the SFC’s in-house crypto expert at the SFC, Hong Kong’s capital markets regulator, where he helped shape the licensing regime for virtual asset trading platforms and designed and led the supervision of virtual asset fund managers and trading platforms.
Donald is a veteran of Deutsche Bank and Accenture. He was a co-founder, partner, and CTO at Bletchley Park Asset Management, an institutional-grade crypto hedge fund where he led systematic portfolio management.
Having served many roles at brokerage houses and hedge funds, including as COO of Qantex, a pan-Asian OTC derivatives brokerage, as a Delta-1 trader at Segantii, a multi-strategy hedge fund, and as a quantitative strategist and trader at Deutsche Bank. He began his career in Accenture’s capital markets practice, where he helped design and build world-class trading systems for some of the largest equity and derivatives exchanges.
Donald holds an MBA from the London Business School and a master’s degree in computer science from LMU University Munich.
Philippa Allen is the managing director of Regulatory Compliance, Asia at IQ-EQ. A compliance veteran, she has over 30 years of extensive experience in business and regulation across Asia.
She founded ComplianceAsia Consulting in early 2003. ComplianceAsia has been a part of IQ-EQ since August 2023. Previously, Philippa served as the head of compliance for the Asia-Pacific region at Dresdner Bank, based in Hong Kong, and at GT Asset Management (now part of LGT Asset Management). She was one of the drafters of the original Fund Manager Code of Conduct for Hong Kong’s SFC, and is involved in numerous submissions to regulators and lobbying efforts with financial industry bodies.
She graduated from the University of Western Australia with a Bachelor of Jurisprudence and Bachelor of Laws (LLB) degree. Upon graduation, she commenced practice as a barrister and solicitor for Freehill Hollingdale and Page, in Perth, Western Australia.
Philippa is also a frequent speaker at financial industry conferences and technical panels, and a member of various industry representative bodies, including the Asia Securities Industry & Financial Markets Association, the Hong Kong Venture Capital Association, AIMA, SFAA, and SVCA.
Discussion:
Our initial spotlight segment begins with reference to a recent LinkedIn Post authored by Don, entitled Hong Kong Raises the Bar in Digital Finance. He praised the SFC and HKMA’s recent circular update on the territory’s framework for intermediaries engaged in virtual asset activities.
Key changes include permitting licensed firms to offer staking services, as well as “use off-platform execution channels, and facilitate subscriptions/redemptions in virtual assets, giving institutions and investors greater flexibility. At the same time, retail clients remain protected through knowledge tests, suitability checks, and strict custody standards,” Don said, stressing that protection of retail customers was a key goal.
Emphasizing his optimism for the territory’s prospects to Regulatory Ramblings host Ajay Shamdasani, Don noted that such updates “show how Hong Kong is balancing innovation with trust, reinforcing its role as a leading global hub for regulated digital assets and institutional adoption.”
Don pointed out that Appendices A and B of the circular provide the updated licensing and compliance terms.
“These refinements balance market development with safeguards, further cementing Hong Kong’s role as a global hub for regulated digital assets,” he said.
Don concludes his remarks by stating that the right balance has been struck between market development and adequate guardrails, while also providing room for growth and innovation in Hong Kong’s digital assets market and promoting its position as a well-regulated global hub.
Following that, we speak with Philippa, who shares a bit about her personal and professional background, telling us about her roots in Australia, what drew her to the legal profession, and ultimately, to careers in compliance, consulting, and entrepreneurship.
We then delve into the rapid increase in wealth within post-pandemic Singapore – particularly from the arrival of wealthy mainland Chinese high-net-worth individuals (HNWIs) – and what that has meant for greater regulatory scrutiny in the Lion City’s private banking, wealth management, and family office sectors. Against this backdrop, Philippa shares her impressions of Singapore’s evolving regulatory landscape, the importance of robust compliance, and how firms can proactively adapt their strategies to navigate heightened expectations, while also maintaining client trust and operational excellence.
The discussion then turns to how HNWIs from mainland China often have ties to the government. Philippa remarks on when individuals should be presumed to be politically exposed persons (PEPs), what risks being a PEP entails, and when a former PEP is no longer considered to be such. As she stresses, the label and designation should not be applied expansively.
The conversation concludes with Philippa commenting on the efficacy of the UK’s Financial Conduct Authority’s (FCA’s) recently opened APAC office in Australia.
Regulatory Ramblings podcasts is brought to you by The University of Hong Kong – Reg/Tech Lab, HKU-SCF Fintech Academy, Asia Global Institute, and HKU-edX Professional Certificate in Fintech, with support from the HKU Faculty of Law.
