Categories
Never the Same

Cyber Security Will Never Be the Same

After the Russian invasion of Ukraine, the business world will never be the same again. Deputy Attorney General Lisa Monaco recently said that the world’s “geopolitical landscape is more challenging and complex than ever. The most prominent example is, of course, Russia’s invasion of Ukraine.” It is “nothing less than a fundamental challenge to international norms, sovereignty and the rule of law that underpins our society.” This is even more so in the current business climate. Over this five-part podcast series, I will consider how the business will never again be the same and how a confluence of events has changed business forever. I am joined in this exploration by Brandon Daniels, CEO of Exiger. We will explore the irrevocable changes in Supply Chain, trade and economic sanctions, anti-corruption, cyber-security and ESG. In Part 4, we look at the changes wrought in cyber-security. Highlights include:

·      Russian invasion made the nature of cyber-security risk explicit.

·      Now continuous non-kinetic warfare.

·      Cyber-security is interconnected to commerce.

·      Quadrant analysis for risk assessment.

·      Jurisdiction risk introduces the where equation.

Categories
Life with GDPR

FRC Report on Compliance with the UK Modern Slavery Act Update

Jonathan Armstrong and Tom Fox return for another episode of Life with GDPR. In this episode, we review the recently released Financial Reporting Council (FRC), the UK Anti-Slavery Commissioner, and Lancaster University (Management School) report on a sample of a hundred major companies’ modern slavery statements and their strategic and governance reports. Some of the highlights  include:

1.     Why the Report?

2.     Some successes but much criticism.

3.     Public responses when slavery issues are uncovered.

4.     Why contracts are a part of the solution.

5.     Key takeaways from the Report.

Resources

For more information on the FRC Report, check out the Cordery Compliance client alert on this topic; click here. For more information on Cordery Compliance, go to their website here. Also, check out the GDPR Navigator, one of the top resources for GDPR Compliance, by clicking here.

Categories
Daily Compliance News

June 23, 2022 the Final Arguments Edition


In today’s edition of Daily Compliance News:

  • Glencore sub pleads guilty in the UK. (WSJ)
  • Top 10 Int’l ABC developments for May. (JDSupra)
  • Final arguments in Sonny Bulwani trial. (WSJ)
  • Contempt award upheld against Stephen Donziger. (Reuters)
Categories
Jamming with Jason

Empathy for the Underdog with Jason Cutter


Have you ever felt like an underdog or have empathy for the underdog?
I do, and so does Jason Cutter, my guest on this #jammingwithjason #podcast episode.
And not only does Jason have empathy and cheer for the underdog, since he is one himself, but he also has an amazing story from being raised hating people, to be a marine biologist, to tech support, to mortgage and foreclosure business, and to now helping people with authentic persuasion.
Hear his journey to find his passion, going from underdog to expert, and there is no one right way; people sense when you are not authentic, being open, curious, creative, persistent, and authentic. I had a blast recording with Jason; you will have a blast listening.
The fact that you are reading this means there is something you need to hear in this episode.
Let’s face it, whether in sales or not, you are selling yourself every day, and you don’t have to do it like a sleazy car salesman. You can be authentic in a way that is uniquely you.
Learn more about Jason at: https://www.jasoncutter.com/ and check out his podcast “Authentic Persuasion Show” at: https://www.cutterconsultinggroup.com/podcast/ and grab one of his books like “Selling with Authentic Persuasion” through his website or Amazon.
FOR FULL SHOW NOTES AND LINKS, VISIT:

E277 Empathy for the Underdog with Jason Cutter


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Categories
Never the Same

Anti-Bribery and Anti-Corruption Will Never Be the Same

After the Russian invasion of Ukraine, the business world will never be the same again. Deputy Attorney General Lisa Monaco recently said that the world’s “geopolitical landscape is more challenging and complex than ever. The most prominent example is, of course, Russia’s invasion of Ukraine.” It is “nothing less than a fundamental challenge to international norms, sovereignty and the rule of law that underpins our society.” This is even more so in the current business climate. Over this five-part podcast series, I will consider how the business will never again be the same and how a confluence of events has changed business forever. I am joined in this exploration by Brandon Daniels, CEO of Exiger. We will explore the irrevocable changes in Supply Chain, trade and economic sanctions, anti-corruption, cyber-security and ESG. In Part 3, we look at the changes wrought in anti-bribery and anti-corruption. Highlights include:

·      The Biden Administration Strategy on Combatting Corruption.

·      Bribery and corruption are never stand-alone offenses.

·      Corruption as a national defense issue.

·      Corruption is used by dictators and strongmen to spread disinformation and destroy democracy.

·      Modern slavery as a corruption issue.

Categories
Putin's Oil Heist

Putin’s Oil Heist Episode 4: Fleeing Russia


 
“These were professional thugs that had been hired by the KGB, known as the FSB in Russia today, but they’re still the KGB.” Even though he’d fled the country, Bruce Misamore couldn’t seem to escape Russia’s reach. Putin’s Oil Heist is an insider’s account of the Yukos Affair. In this episode, host Loren Steffy describes Misamore’s swift exit from Russia and its consequences, with first-person accounts from the former Yukos chief financial officer. 
 

 
Hear Misamore discuss:

  • Leaving Russia. Saddled with crippling and, according to Misamore, illegal tax liabilities, Yukos was drifting towards insolvency. During his stay in London for an industry conference in November 2004, Misamore got a call warning him not to go back to Moscow or he would be arrested and face prosecution. He heeded the warning, but his wife was still in Russia. And she seemed to be under surveillance. 
  • Bankrupting Yukos. Convinced that the Russian government was orchestrating a scheme to either take over Yukos or seize all of the company’s oil and gas assets, Misamore began talking to lawyers about what legal recourse Yukos executives might have to stop the looting of the company. Attorney Mark Baker came up with the idea of intentionally bankrupting the company and getting it into a legitimate jurisdiction in the United States. U.S. bankruptcy laws essentially freeze time for companies while they figure out their next move. But there was a problem: a Russian company with no U.S. assets had no grounds for filing a proceeding in the United States. 
  • Stopping the auction. While Misamore was in London, the Russian government announced an auction of Yukos’ principal production subsidiary, Yuganskneftegaz, to settle some of the tax claims against Yukos. Misamore hadn’t planned or prepared to flee Russia, so he hadn’t taken any documents with him. However, he realized he had all he needed to move forward with a U.S. bankruptcy case: his company laptop. As an officer of Yukos living in Houston in possession of a company asset, he had grounds for a filing. A federal bankruptcy judge agreed, ruling the filing was legitimate and that she had jurisdiction because of Misamore and his laptop. The filing created a court-issued injunction to stop the sale of Yuganskneftegaz.
  • The plan’s contact with the enemy. Russia went ahead with the auction, but couldn’t get financing from international banks. The move caught the Kremlin off guard but it wasted no time in responding, assembling a legion of attorneys in the U.S. Ultimately, Misamore’s bankruptcy tactic failed because Russia refused to cooperate. Misamore attempted to run Yukos from London, where they had established the company’s new headquarters. Three months after Khodorkovsky’s conviction in 2006, Misamore and his wife came home after dinner in Houston to find their house had been burglarized. Among the things stolen were Misamore’s company laptop, and $30,000 worth of jewelry.

 
Resources
Loren Steffy on LinkedIn
 

Categories
The Hill Country Podcast

Phil Klosowsky on the Kerrville Folk Festival at 50

Welcome to the award-winning The Hill Country Podcast. The Texas Hill Country is one of the most beautiful places on earth. In this podcast, Hill Country resident Tom Fox visits the people and organizations that make this the most unique area of Texas. Join Tom as he explores the people, places and activities of the Texas Hill Country. In this episode, I visit non-Hill Country resident Phil Klosowsky who attended the recently concluded Kerrville Folk Festival, which had its 50th anniversary this year. Phil and Tom share about the previous show they have attended, some of the artists they have seen and this year’s lineup. They reflect on this most unique Festival, which features singer-songwriters as well as some great new talent.

Categories
Great Women in Compliance

Jill Atstupenas-Hadley Maeve


Welcome to the Great Women in Compliance Podcast, co-hosted by Lisa Fine and Mary Shirley.
Trigger warning: This episode contains a baby loss story and theme.  The Great Women in Compliance Podcast often covers instances of “doing the right thing”.  We’ve previously done it regarding respect and dignity in the hiring process and today’s episode focuses on empathy and compassion by employers when employees suffer a tragedy.  Jill Atstupenas shares her and her husband’s story of losing their dearly desired baby girl, Hadley Maeve and provides some thoughtful considerations for how managers and company staff more broadly can respond in a way that shows support for the colleague and lets them know they are a valued member of staff.  Her ideas are practical, tangible and actionable items that will guide managers who truly care about their staff.  The title of today’s episode is our tribute to Hadley Maeve.
Jill also discusses how peers and other colleagues can help a colleague going through a difficult time to navigate it so that even if you’re not a manager, you can walk the walk of being a beacon of integrity in an organization.
We end the episode with Jill discussing some of the differences for Compliance Officers transitioning from a well-established large company, to a smaller one with less of a history.
The Great Women in Compliance Podcast is on the Compliance Podcast Network with a selection of other Compliance related offerings to listen in to.  If you are enjoying this episode, please rate it on your preferred podcast player to help other likeminded Ethics and Compliance professionals find it.  You can also find the GWIC podcast on Corporate Compliance Insights where Lisa and Mary have a landing page with additional information about them and the story of the podcast.  Corporate Compliance Insights is a much appreciated sponsor and supporter of GWIC, including affiliate organization CCI Press publishing the related book; “Sending the Elevator Back Down, What We’ve Learned from Great Women in Compliance” (CCI Press, 2020).
You can subscribe to the Great Women in Compliance podcast on any podcast player by searching for it and we welcome new subscribers to our podcast.
Join the Great Women in Compliance community on LinkedIn here.

Categories
Compliance Into the Weeds

Unintended Consequences of CCO Certifications

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. In this episode, we take a deep dive into some of the unintended consequences of CCO certifications as required by the Department of Justice.  Highlights include:

·      What happened to reasonable and proportional?

·      What about control override?

·      What is the purpose of compliance training?

·      What is effective compliance training?

·      Is compliance training complimentary to compliance training effectiveness?

Resources

Matt in Radical Compliance

Categories
Daily Compliance News

June 22, 2022 the TikTok Problem Edition


In today’s edition of Daily Compliance News:

  • Biden’s TikTok problem. (NYT)
  • Complying with the new Uyghur anti-slavery act may be difficult. (WSJ)
  • Companies find leaving Russia difficult. (WSJ)
  • SEC no disparagement clause not invalidated. (Reuters)