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Compliance Tip of the Day

Compliance Tip of the Day: HR Touchpoints for Compliance

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 today’s episode, we begin an exploration of how HR can assist in the operationalization of compliance through its number of employee touchpoints.

For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.

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Daily Compliance News

Daily Compliance News: July 8, 2024 – The Tiger Tally 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:

  • 2024 Tiger tally thru June 30. (South China Morning Post)
  • Microsoft fined for leave discrimination.  (WSJ)
  • Ex-Post Office Chair denies hiding an exculpatory report on the Horizon scandal. (BBC)
  • Indian regulators go after Hindenburg. (Bloomberg)

For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.

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Riskology

Riskology by Infortal: Episode 28 – China & Global Risk – A European Perspective

Welcome to Episode 28 of Riskology by Infortal.

Have you ever wondered about the complexities of China’s increasing influence on European politics, the rise of far-right movements, and the impact of economic sanctions?

In this episode, hosts Dr. Ian Oxnevad and Christopher Mason, Esq., welcome Shannon Brandao, Esq., an EU-based attorney with the firm Harris Sliwoski LLP, to discuss the current global outlook on China from a European perspective.

Shannon is internationally regarded as a China expert and has worked on geopolitical and business issues across various public, private, and non-profit industries.

She is the founder of the China Boss newsfeed on LinkedIn, with over 25,000 followers, and the China Boss newsletter on Substack, from which she shares news and analysis on China-related business and geopolitical developments. Shannon’s analysis has also appeared in Foreign Policy, Arabian Business News, Financial Times’ Banking Risk and Regulation, and Harris Sliwoski’s award-winning China Law Blog.

The Geopolitical Implications of China’s Influence

China’s international expansion involves a blend of economic, political, and military tactics to project its influence worldwide. Understanding China’s strategy is crucial for businesses in the United States and Europe to mitigate risks and seize opportunities.

The situation calls for a nuanced understanding of the geopolitical shifts and the ability to anticipate the implications of China’s moves on international trade, intellectual property rights, and supply chain integrity.

Recent events, including European elections, have highlighted the growing impact of China’s influence beyond its borders. The rise of populist movements across Europe and shifts in the political landscape reflects, in part, the broader contest between global powers. China’s role in these developments is noteworthy.

The Impact of China’s Economic Struggles

The impact of economic challenges on China’s geopolitical ambitions has dominated global financial headlines.

China’s approach to managing its economic challenges, particularly in the property sector, is a delicate balancing act with global implications. The country’s economy, heavily reliant on property investment, faces considerable strain as it navigates the aftermath of speculative practices and seeks sustainable growth pathways.

Moreover, the tension between domestic economic needs and international trade dynamics places China in a complex position on the world stage.

The concept of decoupling, particularly in the context of Sino-Western relations, stands out as a significant shift in the global economic and geopolitical landscape. China’s strategic move away from dependency on Western economies isn’t a recent development; rather, it’s a part of a broader strategy initiated under the leadership of President Xi Jinping.

The complex interplay between China’s economic policies and global ambitions will undoubtedly shape the international order for years to come. As China continues to pursue self-reliance, decoupling, and a reshaped global role, the rest of the world, particularly Western nations, must recalibrate their strategies in response.

Understanding the nuances of China’s approach will be crucial for businesses, policymakers, and strategists to navigate the emerging global landscape characterized by shifting alliances and the pursuit of alternative world orders.

Whether you’re a politics aficionado, global economics enthusiast, or someone curious about international relations, this episode is packed with thought-provoking discussions you don’t want to miss.

We hope you  can join us for the latest episode of Riskology by Infortal!™

Resources:

Infortal Worldwide

Email

Dr. Ian Oxnevad on LinkedIn

Christopher Mason on LinkedIn

Categories
Corruption, Crime and Compliance

Sanctions Enforcement Risks

In this episode of Corruption, Crime and Compliance, we delve into the complex world of sanctions compliance and enforcement.

In this new era of aggressive sanctions enforcement, companies have to understand the red lines that define where criminal and civil enforcement risk increases.

In contrast to the history of FCPA enforcement, DOJ and OFAC have provided helpful guidance to alert companies where risks are likely to increase.

Join host Michael Volkov as he navigates the intricate landscape of voluntary disclosures, criminal and civil enforcement risks, and the evolving strategies of regulatory agencies like OFAC and the Department of Justice.

Hear Michael discuss:

  • Sanctions enforcement involves a mix of civil and criminal line drawing.
  • On the civil side, OFAC has explained that sanctions violations can be found based on strict liability with aggravating factors that turn the actor’s state of mind. 
  • Third-party liability for distributors extends to situations where a principal company knew or reasonably should have known that products sold to a third party were intended for shipment to a prohibited entity or individual or a prohibited country. 
  • Third-party liability for violations occurring in a company’s supply chain requires companies to break down its supply chain and learn the sourcing for all companies in its supply chain. It is clear that a failure to examine and assess your supply chain can lead to civil liability. 
  • In defining where criminal enforcement picks up on the culpability spectrum, DOJ and OFAC have defined potential criminal conduct based on the term “willful,” meaning when an actor knew that its conduct was wrong but did not necessarily know the specific law that her/she was violating. 
  • Applying the “you know it when you see it” standard, companies have to weigh the evidence of surrounding circumstances to determine if an individual actor or actors possessed the requisite intent. 
  • Criminal enforcement determination will turn on the attribution of individual conduct to a company based on respondent superior principles—that is, whether the conduct was committed in the course of an individual’s duties and in furtherance of a legitimate business purpose. 
  • Enforcement examples to track where the precise line falls between criminal and civil are few—a good start is by reviewing a meaningful record of DOJ enforcement actions against sanctions violations. The situation is akin to the early days of aggressive FCPA enforcement, where enforcement and settlement cases were reviewed for important precedents and explanations. DOJ’s record here is about to be defined and companies, commentators and trade compliance professionals will be reading tea leaves and looking for patterns.

Resources:

Michael Volkov on LinkedIn | Twitter

The Volkov Law Group

Categories
Principled Podcast

Principled Podcast: S11E7 | Fortifying Ethical Frameworks: Navigating Emerging Risks in the Middle East

Amid the escalating severity and frequency of new risks worldwide, Ethics and Compliance (E&C) initiatives are doubling down on efforts to mitigate these risks. This critical focus is underscored in LRN’s latest 2024 Ethics & Compliance Program Effectiveness Report, which draws insights from over 1,400 E&C professionals globally. Our findings reveal that values-driven programs not only prove most effective but also exhibit a robust correlation with risk reduction and enhanced business outcomes. In light of this evolving risk landscape, how are E&C programs in regions such as the Middle East adapting? Furthermore, what do the everyday practices of global best standards entail for programs operating within this region?

In this episode of the Principled Podcast, host Eric Morehead is joined by Elvis Angyiembe, the co-founder of the Middle East and Africa Compliance Association (MEACA). Elvis joined us last season to discuss the E&C priorities of companies in the Middle East. Today, they discuss key findings from the global edition of the 2024 Ethics & Compliance Program Effectiveness Report and how they apply to programs in that region.

Guest: Elvis Angyiembe

Principled Podcast - Season 11 Episode 7 featuring Elvis Angyiembe MEACA - Episode Cover

Elvis Angyiembe is co-founder and co-chair of the Middle East and Africa Compliance Association (MEACA). He has experience working for multinational companies, helping them manage significant legal and compliance matters. He has supported three companies under deferred prosecution agreements with the US Department of Justice. He has lived in Cameroon, Germany, the US, South Africa, and Dubai. He holds a Juris Doctorate (JD) from Thurgood Marshall School of Law in Houston, Texas, and a bachelor’s degree in criminology from the University of Maryland in College Park, Maryland.

Host: Eric Morehead

Headshot_Principled Podcast_Eric Morehead

Eric Morehead is a member of LRN’s Advisory Services team and has over 20 years of experience working with organizations seeking to address compliance issues and build effective compliance and ethics programs. He conducts program assessments and examines specific compliance risks, drafts compliance policies and codes of conduct, works with organizations to develop and improve compliance processes and tools, and provides live training for Boards of Directors, executives, managers, and employees.

Eric ran his consultancy for six years, advising clients on compliance program enhancements and assisting in creating effective compliance solutions.

Eric was formerly the Head of Advisory Services for NYSE Governance Services, a leading compliance training organization. In this position, he was responsible for all aspects of NYSE Governance Services’ compliance consulting arm.

Before joining NYSE, Eric was an Assistant General Counsel of the United States Sentencing Commission in Washington, DC. Eric served as the policy team chair that amended the Organizational Sentencing Guidelines in 2010.

Eric also spent nearly a decade as a litigation attorney in Houston, Texas, where he focused on white-collar and regulatory cases and represented clients at trial and before various agencies including SEC, OSHA, and CFTC.

Get a copy of the Global edition of LRN’s 2024 Ethics & Compliance Program Effectiveness Report.

Connect with the Compliance Podcast Network at:

LinkedIn: https://www.linkedin.com/company/compliance-podcast-network/
Facebook: https://www.facebook.com/compliancepodcastnetwork/
YouTube: https://www.youtube.com/@CompliancePodcastNetwork
Twitter: https://twitter.com/tfoxlaw
Instagram: https://www.instagram.com/voiceofcompliance/
Website: https://compliancepodcastnetwork.net/

Categories
Trekking Through Compliance

Trekking Through Compliance – Episode 36 – Risk Management Lessons from Catspaw

In this episode of Trekking Through Compliance, we consider the episode Catspaw, which aired on October 27, 1967, and occurred on Star Date 3018.2.

Strange things happen to a landing party consisting of Jackson, Sulu, and Scotty when they beam down to planet Pyrus 7. When Kirk, Spock, and McCoy beam down to investigate, leaving DeSalle in command and Chekov as his sidekick, they are enveloped in fog. They also detect multiple life readings, even though the Enterprise’s sensors only detect the landing party. They are all captured by Korob and Sylvia.

Meanwhile,  Enterprise is breaking free through DeSalle’s efforts. Korob sets Kirk and Spock free and tells them to leave immediately because he can no longer control Sylvia. Kirk grabs Korob’s scepter, and after fending off attacks from McCoy, Scott, and Sulu, Kirk tells Sylvia that he has the scepter. Kirk breaks the scepter in front of Sylvia. The castle vanishes, and Sylvia and Korob appear as the bizarre blue and yellow puppet-like alien beings they are. Unable to survive in this galaxy without the transmuter, they shrivel up and melt away, and Sulu and Scott are returned to normal.

Commentary

The story follows a landing party encountering strange, supernatural events on planet Pyrus 7, leading to valuable compliance lessons. Key takeaways include maintaining situational awareness, establishing effective incident response, identifying and mitigating supply chain vulnerabilities, fostering a culture of skepticism, prioritizing resilience, and empowering cross-functional collaboration. The episode uniquely ties the plot’s elements to practical compliance and risk management learning.

Key Highlights

  • Story Synopsis
  • Fun Facts and Production Notes
  • Narcissism in Cat’s Paw
  • Risk Management Lessons

Resources

Excruciatingly Detailed Plot Summary by Eric W. Weisstein

MissionLogPodcast.com

Memory Alpha

Categories
Trekking Through Compliance

Trekking Through Compliance – Episode 35 – Compliance Leadership and Risk Management Lessons from The Doomsday Machine

In this episode of Trekking Through Compliance, we consider the compliance and leadership lessons from the episode The Doomsday Machine, which aired on October 20, 1967, and occurred on Star Date 4202.9.

The Enterprise responds to a distress beacon from the Starship U.S.S. Constellation and then finds the battered remains of the ship itself. Kirk sends a boarding party to the Constellation to investigate. Its commander,  Commodore Matt Decker, is in a state of shock and not very coherent. Even after McCoy injects him, Decker can say that his ship was attacked by “that thing.”

Kirk beams Decker and McCoy back to the Enterprise. The Doomsday Machine attacks the Enterprise. Commodore Decker pulls his rank and assumes command over Spock’s objections. Kirk sees what is going on from the Constellation and begins heading toward the Doomsday Machine using impulse power.

Kirk angrily orders Spock to re-assume command of his authority, which he does. Decker steals a shuttlecraft and pilots it into the Doomsday Machine, killing himself but producing a small power drop in the Doomsday Machine. Kirk reasons that the starship explosion might be capable of destroying the alien vessel. Scott rigs the Constellation to explode, then transports it to the Enterprise. The Constellation then explodes, turning the planet killer into a harmless pile of space junk.

Commentary

The Enterprise encounters a planet-destroying robot and must devise a way to stop it. Fox underscores various compliance and risk management lessons: establishing robust incident response protocols, fostering cross-functional teamwork, ensuring organizational resilience, balancing short-term fixes with long-term solutions, cultivating a culture of compliance and innovation, and maintaining situational awareness and adaptability. These lessons are essential for compliance leadership in 2024.

Key Highlights

  • Story Synopsis: The Doomsday Machine
  • Fun Facts and Behind the Scenes
  • Compliance Leadership and Risk Management Lessons

Resources

Excruciatingly Detailed Plot Summary by Eric W. Weisstein

MissionLogPodcast.com

Memory Alpha

Categories
Because That's What Heroes Do

Because That’s What Heroes Do: Deep Space 9 – Episode 8 – The Abandoned

Get ready for an exciting new season of Because That’s What Heroes Do. In this season, they take a deep dive into their favorite 15 episodes of Deep Space 9.

In this exploration, they are joined by DS9 maven Alex Murphy (Murphy) from Montreal, who is a local historian and cinema and TV fan with a love for weird foreign films, all things horror, and obscure media.

He has been watching Trek since he was a tiny punk, and it’s been a lifelong love. Don’t miss out on the exciting new season of Because That’s What Heroes Do!

Today we take a deep dive into Jem ‘Hadar in the episode from Season 3, The Abandoned.

In this episode, Megan, Murphy, and Tom delve into the DS9 episode ‘The Abandoned.’ The discussion focuses on Odo’s self-awareness and character development, the complex relationship between Jake and his father, Sisko, and the moral implications of Jem’Hadar’s existence.

They examine Odo’s internal conflict with his identity as a changeling and his feelings for Kira. The hosts reflect on whether the Jem’Hadar can be considered sentient beings and debate the ethical responsibilities of the Federation. Through these themes, the episode raises profound questions about sentience, free will, and personal growth.

Key Highlights and Themes:

  • Character Development: Odo and Sisko
  • Debating the Ethics of the Jem’Hadar
  • Jake’s Relationship and Sisko’s Parenting
  • What is a sentient being?
  • Odo and Kira: Unspoken Feelings
  • Final Thoughts and Reflections

Resources:

Megan Dougherty 

LinkedIn

One Stone Creative

Tom 

Instagram

Facebook

YouTube

Twitter

LinkedIn

Categories
Trekking Through Compliance

Trekking Through Compliance – Episode 34 – The Apple

In this episode of Trekking Through Compliance, we consider the compliance and leadership lessons from the episode The Apple, which aired on October 13, 1967, and occurred on Star Date 3715.0.

A Landing Party finds danger on a seemingly pristine planet as the Enterprise is threatened. The planet’s inhabitants are the feeders of Vaal. Kirk asks to be taken to Vaal, just as Scott reports that the Enterprise is being dragged into the planet by a tractor beam from the planet.

Kirk and Spock go to confront Vaal. Vaal responds by calling a thunderstorm and striking Spock with a lightning bolt. The people of Vaal then attack, killing a security guard. As usual, the rest of the landing party fends off the attack and gets off unscathed. Kirk has Scott attack Vaal with the ship’s phasers to weaken. This drains Vaal’s power reserves and frees the people from his grip. Spock accuses Kirk of giving the people the equivalent of the apple of knowledge and driving them from their Eden, but Kirk maintains that Spock’s resemblance to the Devil is much more apparent than his own.

Commentary

The episode follows Captain Kirk and his landing party as they encounter the planet Gamma Trianguli VI and grapple with its godlike ruler, Vaal. The discussion highlights critical business ethics lessons, including the dangers of paternalistic control, respecting cultural sovereignty, ensuring transparency, avoiding disruption of stable systems, fostering self-determination, and balancing short-term and long-term impacts. Additionally, this episode reflects on the broader implications of Kirk’s actions on the planet’s civilization and draws parallels to modern ethical concerns in compliance programs.

Key Highlights

  • Story Synopsis
  • Fun Fact and Episode Themes
  • Business Ethics Lessons from The Apple

Resources

Excruciatingly Detailed Plot Summary by Eric W. Weisstein

MissionLogPodcast.com

Memory Alpha

 

Categories
Trekking Through Compliance

Trekking Through Compliance – Episode 33 – Mirror Mirror

In this episode of Trekking Through Compliance, we consider the episode Mirror Mirror, which aired on October 6, 1967, Star Date unknown.

During an ion storm, the Away Team is transported into a parallel universe and a mirror image of the Enterprise. There, they find members who are mirror images of themselves and belong to an evil Federation known as the Empire. Kirk, Uhura, McCoy, and Scotty impersonate their mirror-image counterparts while finding a way to return to their universe.

Discovering that a switch has occurred, anti-Spock then assists Kirk in returning his landing party to their universe so that the Empire landing party may return to its. When Kirk and the party return, they find their Empire counterparts immediately recognized and detained. The Enterprise’s crew attributes this to the fact that it is easier for logical men to appear barbarous than for barbarous men to appear civilized.

Commentary

In this episode of ‘Trekking Through Compliance,’ Tom Fox delves into the Star Trek original series episode ‘Mirror, Mirror.’ The episode aired on October 6, 1967, and involved Captain Kirk and his team being transported to a parallel universe with an evil version of the Enterprise. The narrative unfolds with themes of power struggles, ethical contrasts, and survival. Tom extracts crucial compliance lessons from the story, including the importance of strict access controls, fostering a culture of ethics and compliance, rigorous oversight, planning for contingencies, and encouraging a culture of speaking up. These lessons are vital for building robust compliance programs. Tune in to discover how ‘Star Trek’ can offer valuable insights into modern compliance challenges.

Key Highlights

  • Episode Synopsis: Mirror, Mirror
  • Fun Facts and Behind the Scenes
  • Compliance Lessons from Mirror, Mirror

Resources

Excruciatingly Detailed Plot Summary by Eric W. Weisstein

MissionLogPodcast.com

Memory Alpha