Categories
Compliance Tip of the Day

Compliance Tip of the Day: Impact of The Monaco Memo On Investigations

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 this episode, we consider what additional pressure the Monaco Memo put on companies to get their investigations done quickly and to get it done right.

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

Categories
All Things Investigations

All Things Investigations: Compliance Lessons from Gunvor and Trafigura Enforcement Actions

Welcome to the Hughes Hubbard Anti-Corruption & Internal Investigations Practice Group’s podcast, All Things Investigation. In this podcast, I joined by Mike DeBernardis to mine compliance lessons from the recently announced Gunvor and Trafigura FCPA enforcement actions.

Mike DeBernardis is a seasoned professional with a comprehensive understanding of FCPA enforcement actions and compliance matters, a perspective deeply informed by his numerous client advisory roles on self-disclosure decisions related to FCPA violations and his regular participation in industry discussions.

DeBernardis believes that FCPA enforcement actions are increasingly considering past misconduct as a determinant in assigning penalties and discounts. He underscores the necessity for companies to be proactive and innovative in their remediation efforts rather than simply adhering to minimal compliance standards. He also notes a decrease in the reliance on external monitors in FCPA resolutions, potentially due to businesses taking more initiative in improving their compliance programs and directly reporting to the DOJ.

In DeBernardis’ view, the Department of Justice’s approach to FCPA enforcement is dynamic and adaptive, with companies helping shape best practices through their communication with outside counsel and the DOJ itself.

Key Highlights:

  • Impact of Self-Disclosure on FCPA Penalties
  • DOJ’s Quantifiable Self-Disclosure Benefits in FCPA
  • Cross-Regional Executives in Trafigura Bribery Scheme
  • Innovative Risk Mitigation Strategies in FCPA
  • Rewarding Compliance Efforts in Energy Trading

Resources:

Hughes Hubbard & Reed website

Mike DeBernardis

Categories
FCPA Compliance Report

FCPA Compliance Report: DOJ on AI and Data/Intellectual Property Protection

Welcome to the award-winning FCPA Compliance Report, the longest-running podcast in compliance. In this special edition, Tom welcomes Jessica Nall, a partner at Baker McKenzie who leads the firm’s West Coast investigations and compliance practice, and Maria Piontkovska, a Senior Associate in the same practice group.

We deeply dive into their article about the recent speeches by Department of Justice representatives at the ABA White Collar Conference on the new DOJ whistleblower program, AI, data protection, and intellectual property protection.

Jessica Nall and Maria Piontkovska are prominent legal professionals specializing in white-collar defense and corporate investigations. Jessica, a seasoned attorney with over 20 years of experience, leads Baker McKenzie’s white-collar practice in California, and Maria is a skilled US white-collar attorney originally from Ukraine.

Both regard the ABA White Collar Conference as an essential platform for the defense bar, government investigators, and compliance leaders to gather for discussions and networking. Nall sees the conference as vital for disseminating new compliance expectations and enforcement trends announced by government officials. At the same time, Piontkovska highlights the importance of the direct line of communication with these officials, providing insights straight from the source.

Their perspectives on the conference are shaped by their extensive experiences in the field and drive their contributions to the discussions and policies related to white-collar defense and compliance.

Topics Covered in This Episode:

  • Key Figures Discussing Trends in Compliance
  • Corporate Transparency Incentive Initiative
  • Financial Incentives for Anti-Corruption Self-Disclosure
  • Navigating Risks: AI in Corporate Compliance
  • Data Mapping for International Data Security

Resources:

Jessica Nall on LinkedIn

Maria Piontkovska on LinkedIn

Compliance Steps After ABA White Collar Crime Conference

United States: Department of Justice announces new corporate compliance directives for AI along with increased penalties for AI-related misconduct

Baker McKenzie

Tom Fox

Instagram

Facebook

YouTube

Twitter

LinkedIn

 

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

Categories
Uncovering Hidden Risks

Ep 11 – Cybersecurity 101: What are the Three Pillars of a Robust Strategy

Cybersecurity is not just a defensive strategy; it can be a powerful driver of an organization’s success. In this episode, host Erica Toelle talks to Nashid Shaker, AVP, Information and Cyber Security Strategy at Canadian Western Bank Financial Group, and Antonio Maio, Managing Director at Protiviti, about how to tactically create a cybersecurity strategy that aligns with business goals, fosters trust, and enables innovation. Nash is an experienced and innovative cybersecurity leader passionate about orchestrating secure digital transformations that fuel growth, leveraging a multidisciplinary background in strategic planning and cybersecurity.

In This Episode, You Will Learn:

  • When it’s time to re-evaluate your cybersecurity strategy
  • What cybersecurity leaders should think about today to prepare for a future that will use AI.
  • Predictions for cybersecurity in the next 2–4 years.

Some Questions We Ask:

  • What is the top risk that organizations tend to overlook?
  • What are some tips for how cybersecurity leaders should engage with the C-suite?
  • Can cybersecurity contribute to an organization’s bottom line or mission?

Resources:

View Nash Shaker on LinkedIn

View Antonio Maio on LinkedIn

View Erica Toelle on LinkedIn

Related Microsoft Podcasts:               

Listen to: Afternoon Cyber Tea with Ann Johnson 

Listen to: Security Unlocked

Listen to: Security Unlocked: CISO Series with Bret Arsenault

Discover and follow other Microsoft podcasts at microsoft.com/podcasts

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
Sunday Book Review

Sunday Book Review: April 14, 2024 Compliance Books Edition

In the Sunday Book Review, I consider books that would interest the compliance professional, the business executive, or anyone who might be curious.

It could be books about business, compliance, history, leadership, current events, or anything else that might interest me.

In today’s edition of the Sunday Book Review, we look at some of the top books on compliance you should read in 2024.

  • The Business Guide to Effective Compliance and Ethics, by Tony Osborn and Andrew Hayward
  • How to be a Wildly Effective Compliance Officer by Kristy Grant-Hart
  • Fully Compliant by Travis Waugh
  • Governance, Risk Management and Compliance by Richard Steinburg

Resources:

The best compliance books for 2024

For more information on Ethico and a free White Paper on ROI for your compliance program, click here.

Categories
Kerrville Weekly News Roundup

Kerrville Weekly News Roundup: April 13, 2024

Welcome to the Kerrville Weekly News Roundup. Each week, veteran podcaster Tom Fox and his colleagues Andrew Gay and Gilbert Paiz get together to go over a couple of their favorite stories from the past week from Kerrville and the greater Hill Country.

Sit back, enjoy a cup of morning coffee and listen in to get a wrap-up of the Kerrville Weekly News. We each consider two of our favorite stories and talk about the upcoming weekend’s events, which will enjoy or participate in.

In this episode, Tom and Andrew are back to look at some of the things that caught their collective attention over the past week.

  • Tom reviews the Kerrville City Council approval for Nimitz Lake Improvement and the Texas Water Symposium held at Schreiner University.
  • Andrew talks about the Cease and Desist letter sent to We The People for alleged campaign law violations.
  • Both reflect on the April 8 Eclipse.

Resources:

Tom Fox on LinkedIn

Gilbert Paiz on LinkedIn

Andrew Gay on LinkedIn

Texas Hill Country Podcast Network

The Lead

Kerrville Daily Times

Categories
10 For 10

10 For 10: Top Compliance Stories For The Week Ending April 13, 2024

Welcome to 10 For 10, the podcast which 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 compliance professionals, 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.

1. EY is still under fire for Wirecard imbroglio.  (FT)

2. The former Cognizant executives trial moved yet again. (Law360)

3. US to crack down on UFLPA loophole. (WSJ)

4. Yet another Boeing whistleblower allegation. (NYT)

5. The US agrees to the Menendez trial postponement. (Reuters)

6. The imprisoned Binance Director denies the AML charge. (BBC)

7. Was Wirecard a Russian spy operation?  (FT)

8. A Vietnamese property tycoon was sentenced to death for fraud.  (FT)

9. Zuma is back on the ballot in South Africa. (Bloomberg)

10. More trouble for Boeing executives. (WSJ)

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

You can check out the Daily Compliance News for four curated compliance and ethics related stories each day, here.

Connect with Tom 

Instagram

Facebook

YouTube

Twitter

LinkedIn

Categories
Compliance Tip of the Day

Compliance Tip of the Day: How The Monaco Memo Changed 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 this episode, we consider how the Monaco Memo, changed compliance by laying out what, who, and how the DOJ will hold individuals and corporations accountable.

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

Categories
Daily Compliance News

Daily Compliance News: April 12, 2024 – The Sentenced to Death 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:

  • A Vietnamese property tycoon was sentenced to death for fraud.  (FT)
  • Zuma is back on the ballot in South Africa. (Bloomberg)
  • The US agrees to the Menendez trial postponement. (Reueters)
  • More trouble for Boeing executives. (WSJ)

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

Categories
2 Gurus Talk Compliance

2 Gurus Talk Compliance: Episode 26 – The Compliance Week Wrap Up Edition

What happens when two top compliance commentators get together? They talk about 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 compliance related topics.

The Compliance Week National Conference, a premier event in the field of compliance, offered a rich assortment of discussions and insights on various compliance topics, such as AI monitoring, risk assessment, and oversight of the Foreign Corrupt Practices Act (FCPA). Among the expert attendees were compliance professionals Tom and Kristy.

Tom highlighted the invaluable practical discussions led by practitioners, which had direct impact on compliance practices. He found the sessions on risk assessments and third-party risk management to be engaging and informative.

Similarly, Kristy found the conference sessions to be enlightening, notably a keynote on artificial intelligence and a workshop on leadership. She also valued the call for transparency in compliance roles, underscoring the conference’s ability to address recurring compliance challenges.

Both Fox and Grant-Hart’s perspectives were shaped by their extensive experiences and expertise in the field of compliance, highlighting the conference’s appeal to both veterans and newcomers alike.

Highlights Include:

1. Compliance Week Conference Roundup – Key thoughts, takeaways, and moments

2. Ericsson released from DPA.   (WSJ)

3. SEC says self-reporting is critical. (WSJ)

4. Corruption with JFK taxi dispatchers.   (NYPost)

5. No more late night messages from your boss—the Right to Disconnect. (WaPo)

6. Trafigura pleads guilty. (The Maritime Executive)

7. Inside the Russian Shadow Trade for Weapons Parts, Fueled by Crypto (WSJ) 

8. Sam Bankman – Fried is still gambling (The Verge) 

9. The Frustration of CCO Job Searches (Radical Compliance)

10. Florida man put car in cruise control, then partially stood up through sunroof while speeding, deputies say (FOX 35 Orlando)

Resources: 

Kristy Grant-Hart on LinkedIn

Spark Consulting

Tom

Instagram

Facebook

YouTube

Twitter

LinkedIn