Categories
Compliance Into the Weeds

Compliance into The Weeds: The ACFE 2024 Anti-Fraud Technology Benchmarking Report

The award-winning Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to more fully explore a subject. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode, Tom and Matt look at the recent ACFE publication of its 2024 Anti-Fraud Technology Benchmarking Report and what it means for compliance professionals.

The ACFE 2024 Antifraud Technology Benchmarking report unveils an intriguing shift towards the use of AI in antifraud analytics, with a significant 83% of respondents planning to adopt generative AI in the coming years. However, the report also highlights a gap in current practices, with only a quarter of organizations utilizing analytics for corruption and bribery detection. Tom views this report as a crucial tool for understanding the evolving landscape of fraud detection. He emphasizes the importance of staying ahead of technological advancements and the potential risks of not having sophisticated tools for managing fraud investigations.

Similarly, Matt underscores the report’s insights into the challenges faced by antifraud professionals. He stresses the importance of aligning analytical capabilities with manpower resources and the critical role of experienced professionals in managing complex issues like bribery and corruption. Both perspectives highlight the need for a strategic blend of technology and human expertise in the ever-evolving world of compliance and audit.

Key Highlights:

  • Generative AI Integration in Antifraud Analytics
  • Generative AI Impact on Fraud Examination Trends
  • AI’s Role in Fraud Detection and Compliance
  • Detecting Financial Fraud Through Advanced Analytics

Resources:

Matt on Radical Compliance

Tom 

Instagram

Facebook

YouTube

Twitter

Categories
Daily Compliance News

Daily Compliance News: February 28, 2024 – The Did They or Didn’t They 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:

  • Did McKinsey work for or not work for the Chinese government. (FT)
  • How did Iraqi corruption cost the country. (OilPrice)
  • Does changing travel habits decrease or increase risks. (FT)
  • SBF tries to change his narrative.  (NYT)

For more information on Ethico and a free White Paper on top compliance issues in 2024, click here.

Categories
Compliance Tip of the Day

Compliance Tip of the Day: Compliance and Human Rights

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 begin to consider the role of compliance in a corporate human rights strategy.

For more information on Ethico and a free White Paper on top compliance issues in 2024, click here.

Categories
Great Women in Compliance

Great Women in Compliance – Roundtable Discussion on Board of Directors and What They Expect from The Chief Ethics & Compliance Officer with Haydee Olinger and Avril Ussery Sisk

Welcome to the Great Women in Compliance! In this episode, Lisa and Ellen have as guests Haydee Olinger and Avril Ussery Sisk to discuss the Board and Compliance.

The Chief Ethics &Compliance Officer should be reporting regularly to the Board, but how do you know what the Board expects, especially if there are layers between you and the Board?  In this #GWIC episode, Lisa Fine and Ellen Hunt talk with Haydee Olinger and Avril Ussery Sisk, both current board members and ethics experts, about what they expect from the Chief Ethics and Compliance Officer.

You can hear this episode on Corporate Compliance Insights or wherever you hear podcasts. https://lnkd.in/d9VGcfw

Listen in for how these Board members want the Chief Ethics & Compliance Officer to provide pre-reads, meaningful metrics, and focus on the “high hard risks.” Learn about how to build relationships with the Board and ask for resources, as well as how to gain financial knowledge and business acumen. If you are thinking about getting on a board, Haydee and Avril share their journey and thoughts about how you can get started on your journey.  

Resources:

Join the Great Women in Compliance community on LinkedIn here.

Categories
Compliance Week Conference Podcast

Compliance Week 2024 Speaker Preview Podcasts – James Griffin on Emerging Risks

In the Compliance Week 2024 Speaker Preview Podcasts series episode, James Griffin discusses his panel presentation at Compliance Week 2024, “Examining and Interpreting Emerging Risk Areas.” Some of the issues he will discuss in this podcast and his presentation are:

  • What is top of mind for compliance leaders, including a review of recent settlements and interpretations of the implications of those settlements?
  • Emerging areas of risk, future trends, and what’s coming down the pike
  • New ideas for his compliance program from Compliance Week 2024

I hope you can join me at Compliance Week 2024. This year’s event will be held April 2-4 at The Westin Washington, DC, Downtown. The line-up for this year’s event is first-rate, with some of the top ethics and compliance practitioners around.

Gain insights and make connections at the industry’s premier cross-industry national compliance event, offering knowledge-packed, accredited sessions and take-home advice from the most influential leaders in the compliance community. Back for its 19th year, join 500+ compliance, ethics, legal, and audit professionals who gather to benchmark best practices and gain the latest tactics and strategies to enhance their compliance programs. Compliance, ethics, legal, and audit professionals will gather safely face-to-face to benchmark best practices and gain the latest tactics and strategies to enhance their compliance programs, among many others, to:

  • Network with your peers, including C-suite executives, legal professionals, HR leaders, and ethics and compliance visionaries.
  • Hear from 80+ respected cross-industry practitioners who are CEOs, CCOs, regulators, federal officials, and practitioners to help inform and shape the strategic direction of your enterprise risk management program.
  • Hear directly from panels on leadership, fraud detection, confronting regulatory change, abiding by cross-border rules and regulations, and the always-favorite fireside chats.
  • Bring actionable takeaways to your program from various session types, including cyber, AI, Compliance, Board obligations, data-driven compliance, and many others, for you to listen, learn, and share.
  • Compliance Week aims to arm you with information, strategy, and tactics to transform your organization and career by connecting ethics to business performance through process augmentation and data visualization.

I hope you can join me at the event. For information on the event, click here. As an extra benefit to listeners of this podcast, Compliance Week is offering a $200 discount on the registration price. Enter the discount code TFOX2024 for $200 off.

The Compliance Week 2024 Preview Podcast series is a production of the Compliance Podcast Network. Compliance Week is the sponsor of this series.

Categories
Innovation in Compliance

Innovation in Compliance – From Martial Arts to Business Success: Ernesto Gerardo’s Journey

Innovation comes in many forms, and compliance professionals need to not only be ready for it but also embrace it. Today, I visited Ernesto Gerardo, a serial entrepreneur who is helping veterans with finance and housing.

Ernesto Gerardo is a seasoned professional with a diverse background in martial arts, business, and coaching. His perspective on his journey from martial arts to real estate investment and veteran coaching is shaped by his unique career trajectory, starting as a martial artist and gym owner, transitioning into the business world, and now running multiple successful ventures. Ernesto leverages his expertise in real estate investment and entrepreneurship to coach and educate clients, including veterans and aspiring entrepreneurs. He is passionate about empowering veterans through his Military Millionaires program, providing resources and support in areas such as real estate investment, financial planning, mental health services, and job placement.

Join Tom Fox and Ernesto Gerardo on this episode of the Innovation in Compliance podcast to learn more about Ernesto’s journey and his insights on real estate investment and veteran coaching.

Key Highlights:

  • From Martial Arts to Business Success
  • Leveraging Personality Traits for Real Estate Success
  • Optimizing Veteran Benefits for Financial Success
  • Empowering Veterans to Build Wealth and Stability

Resources:

Ernesto Gerardo on LinkedIn

The Military Millionaires

Tom Fox

Instagram

Facebook

YouTube

Twitter

LinkedIn

Categories
Data Driven Compliance

Data Driven Risk Management and Fraud Prevention

Are you struggling to keep up with the ever-changing compliance programs in your business? Look no further than Tom Fox’s award-winning podcast, Data-Driven Compliance. This podcast features an in-depth conversation about the uses of data and data analytics in compliance programs. Data-Driven Compliance is back with another exciting episode. Today, I take a solo turn to explore how data-driven compliance has moved from cutting-edge compliance to part of a best practices compliance program to becoming table stakes to do business in a multi-national world.

AI and data-driven compliance solutions are revolutionizing risk management and fraud prevention practices, offering advanced analytics, machine learning, and automation to enhance decision-making processes, improve efficiency, and proactively address compliance risks. These tools are essential for companies to navigate the complex regulatory landscape. Understanding the transformative power of data-driven approaches in compliance and risk management is critical for every compliance professional. User adoption is critical, for even the most advanced technology will not be effective if not embraced and utilized by compliance professionals. There is also a need to balance automation and human judgment to ensure the effectiveness of these tools in risk management.

Key Highlights:

  • Data-Driven Compliance Tools for Risk Management
  • Optimizing Decision-Making with AI-Driven Compliance Tools
  • Transformative Data-Driven Fraud Detection and Prevention

Tom Fox

Connect with me on the following sites:

Instagram

Facebook

YouTube

Twitter

LinkedIn

Categories
Daily Compliance News

Daily Compliance News: February 27, 2024 – The He Lied 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:

For more information on Ethico and a free White Paper on top compliance issues in 2024, click here.

Categories
SBR - Authors' Podcast

SBR – Author’s Podcast: Estelle Erasmus on Author Branding: Building Trust Through Consistent Content

Welcome to the Sunday Book Review and the Authors Podcast! Don’t miss out on this episode of SBR-Author’s Podcast, where Tom sits down with Estelle Erasmus, who talks about the craft of writing and her passion for helping writers ‘get noticed’.

Estelle Erasmus is a highly experienced magazine editor, journalist, and award-winning educator with over three decades in the industry. She has served as the editor in chief of five national consumer publications and is recognized for her teaching excellence at NYU. Erasmus strongly emphasizes the importance of honing one’s writing craft, whether it be essays, articles, or books. She believes in learning from experts, attending conferences, and utilizing resources such as books and podcasts to improve her writing skills. Drawing from her own experiences, she highlights the value of seeking guidance from seasoned individuals to effectively engage readers and enhance storytelling techniques. Through her book “Writing That Gets Noticed,”  her podcast “Freelance Writing Direct,”  and her coaching services, Erasmus aims to empower writers to find their voice, become better storytellers, and ultimately get published. Her dedication to helping writers succeed is evident in her commitment to providing valuable resources and personalized feedback to aspiring authors.

Key Highlights Include:

  • Crafting Compelling Writing for Publication Success
  • Building Trust Through Consistent Author Content
  • Crafting Unique Stories to Connect with Readers
  • Mentorship and Craft: Estelle Erasmus’s Influence

Resources:

Estelle Erasmus on Linkedin

Writing That Gets Noticed

Freelance Writing Direct Podcast

 

Tom Fox

Instagram

Facebook

YouTube

Twitter

LinkedIn

Categories
Compliance Tip of the Day

Compliance Tip of the Day: Investment Models for The Compliance Professional

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 explore how a compliance professional or CCO should think through an investment model for your corporate compliance program.

For more information on Ethico and a free White Paper on top compliance issues in 2024, click here.