Categories
Popcorn and Compliance

The Falcon and the Winter Soldier-Episode 3

In this special podcast series, One Stone Creative co-founder Megan Dougherty and Tom Fox, the Voice of Compliance indulge in their love of all things MCU by watching and discussing the Falcon and the Winter Soldier. In this episode we look at episode 3 of the series currently running on the Disney channel. Some of the highlights include:

Ø  Synopsis of the episode.

Ø  MCU cookies and other cool things.

1.     Commercial at the beginning – similar to ads in Wandavision. Is the government the biggest bad of all?
2.     Cap: “don’t even let them breathe.” Yikes. Also, is he the only unilingual superhero?
3.     Ends justify the means – theme of the episode?
4.     Zemo is the therapist now. (Strong Hannibal Lecter vibes.)

Ø  Questions for Consideration

5.     Is the Baron’s back story plausible? Just how cool is he?
6.     How did we move from social commentary to a spy/thriller show?
7.     Was Bucky simply in character at the Bar or was he under Zemo’s control again?
8.     Has Sharon Carter gone to the dark side? Is she The Power Broker?
9.     Fight at the lab.

So kick back and enjoy the MCU universe on the small screen and then check out this special series on Popcorn and Compliance.

Categories
Cordery

Cordery Head to Head @ Home: Jessica Barker on Effective Cyber Security


In this edition of Cordery Head to Head @ Home Cordery’s Jonathan Armstrong talks to Dr. Jessica Barker.  Jess is the Co-CEO of Cygenta and an award-winning global leader in cybersecurity.  She has been named as one of the top 20 most influential women in cybersecurity in the UK and is the Chair of ClubCISO.  Jess is the author of Confident Cybersecurity:  How to Get Started in Cybersecurity and Futureproof Your Career.
They talk about how Jess first became involved in cybersecurity.  They talk about current threats including phishing and cybersecurity and the rise of criminal activity during the pandemic.  They also talk about the importance of human behavior in dealing with those threats and the need for education on current threats.  They also talk about the future of cybersecurity and how the profession might become more diverse.

You can find out more about Jess here https://www.cygenta.co.uk/jess-bio and more about her book here http://bit.ly/jessbbook
Jonathan and Jess talk about ransomware.  There is more on this here https://bit.ly/cvransom.
You can find out more about Cordery and its work here https://www.corderycompliance.com/.
You can also read about current issues in dealing with the pandemic here https://www.corderycompliance.com/category/covid19/
You can also find out more about Cordery’s experience of cybersecurity issues here https://www.corderycompliance.com/cybersecurity/
You can view more Cordery Head to Head interviews here www.bit.ly/corderytv.
 

Categories
Compliance Into the Weeds

SPACs and Compliance


Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. This week Matt and Tom take a deep dive into the recent spate of SPACs which have formed and are gobbling up companies through acquisition. What does it mean from the internal control, risk management and compliance perspective?
Some of the issues we consider are:

  • What are SPACs?
  • Do SPACs render controls ineffective?
  • What are the requirements under SOX 404b for SPACs?
  • Do SPACs create an inherent conflict of interest between management and shareholders?
  • What does this mean for compliance officers? 

Resources
Matt’s blog post on Radical Compliance: 
SPACs Draw Internal Control, Governance Concerns

Categories
Daily Compliance News

April 7, 2021 the $4.7bn Hit edition


In today’s edition of Daily Compliance News:

  • Credit Suisse take $4.7bn hit. (Bloomberg)
  • Bezos backs tax increase on corporations. (BBC)
  • Corp American in bed with Dems? (NYT)
  • Guilty plea in Ecuador bribery scandal. (WSJ)
Categories
The Compliance Life

Jonathan Kellerman – Why Compliance?


The Compliance Life details the journey to and in the role of a Chief Compliance Officer. How does one come to sit in the CCO chair? What are some of the skills a CCO needs to success navigate the compliance waters in any company? What are some of the top challenges CCOs have faced and how did they meet them? These questions and many others will be explored in this new podcast series. Over four episodes each month on The Compliance Life, I visit with one current or former CCO to explore their journey to the CCO chair. This month, my guest is Jonathan Kellerman, Partner at StoneTurn and former CCO at Allergan. Kellerman grew up in a family of doctors. In college he realized he did not want to practice medicine. After college, he took a job in a consulting practice focusing on health care. There he learned about how the health care delivery model works and focused his professional work in this area ever since, moving to Coopers & Lybrand.
Resources
Jonathan Kellerman LinkedIn Profile
Jonathan Kellerman StoneTurn Profile
StoneTurn

Categories
The Compliance Handbook

Business Ventures with Brandon Daniels


Business Ventures with Brandon Daniels
In today’s episode of The Compliance Podcast, Thomas Fox is joined by regulatory expert and technology practitioner Brandon Daniels, President of Exiger – Global Markets. Tune in to the episode as Thomas and Brandon share an interesting discussion about trending compliance risks and business ventures.
Major takeaways discussed in the episode:

  • Be reminded that third parties are essentially part of a company’s ecosystem as well. Brandon Daniels emphasizes that third parties must also use compliance practices applied to the company’s people, processes, and technology.
  • Take advantage of technological advancements, namely the ability to utilize open-source data to evaluate risk in due diligence and assessments.
  • Recognize that holistic risk assessment is necessary to search hotspots subject to multi-factor risks. Doing so will effectively mitigate them to stay ahead of both commercial disruption and regulatory enforcement.
  • Be constantly reminded to avoid the risks that wipe out the profit.
  • Companies need to be thinking ahead beyond their business relationships and creating strong mitigation practices in times of crisis to stay relevant and economically successful.
  • Amid a pandemic, there are areas of growth in the market that will demand more robust compliance and more vital ESG practices.

About Thomas Fox: 
Thomas Fox, the Compliance Evangelist®, is one of the leading writers, thinkers, and commentators on anti-bribery and anti-corruption compliance. In this latest edition of The Compliance Handbook, he continues to arm seasoned compliance professionals and those new to the realm with the practical, actionable guidance and tools needed to design, create, implement and continually enhance a best practices compliance program.
The “Nuts and Bolts” for Creating a Comprehensive Compliance Plan 
This chapter of this unique work lays out a succinct yet thorough one-month approach to operationalizing a company’s compliance regimen. Beginning with a section on what 2020 brought to the compliance landscape, each chapter methodically outlines best practices for everything from establishing policies, procedures, and internal controls, to assessing risk, training, handling investigations, and more. Each day ends with three key takeaways you can implement at little or no cost.
Understanding Compliance Responsibility Across the Organization
The Compliance Handbook also takes a close look at all professionals’ roles with compliance responsibility, from Compliance Officers and Boards of Directors to Human Resources, to Internal Audit and Internal Controls and Communications and Training professionals.
In-Depth Treatment of Hot Topics and Trends
The Handbook provides an in-depth look at the latest thinking and trends for the full range of critical compliance topics, including:
• Compliance and business ventures
• Third-party risk management
• The Board’s Role in Compliance
• Continuous improvement
• Compliance innovation
• And much more
Incorporating Current Government Pronouncements
The Second Edition incorporates the most current government pronouncements governing best practices compliance programs, including the 2019 Evaluation of Corporate Compliance Programs released by the Fraud Section of the Department of Justice, and its 2020 Update; the updated FCPA Resource Guide 2nd edition; the Framework for OFAC Compliance Commitments; and the 2019 DOJ Antitrust Division’s Evaluation of Corporate Compliance Programs in Criminal Antitrust.
Order your copy OR copies of The Compliance Handbook: A Guide to Operationalizing Your Compliance Program. Save 25% off.
http://www.lexisnexis.com/fox25

Categories
Innovation in Compliance

Lessons About Leadership and Security with Paul Clayson

 

Paul Clayson has an interesting and eclectic career history: he went from real estate to politics – including working for two US Presidents – then to corporate finance and investing. He tells Tom Fox about his experience working as CEO of several technology companies after which he moved into consulting. He first consulted for AgilePQ, his present company, and was asked to join as CEO. Paul joins Tom to discuss the top lessons he learned as CEO, as well as security for technology in the present and future.
Timely Intervention
“…Encryption and security technology has lagged the development of computers,” Paul tells Tom. Computers are becoming smaller but existing encryption is too large to fit on these small devices. As a result, very few IoT devices have security on them. Paul feels strongly that it’s time to “catch up”.
Leadership Lessons for CEOs
Tom asks Paul to share his top leadership lessons as CEO. Paul says: 

  1. The CEO has more bosses than any other position in the company;
  2. Your job as CEO is to get the best people and then create the environment for them to perform at their best;
  3. Be transparent about everything;
  4. He lives by two principles. Firstly, make gut decisions after finding all the data to support it; and secondly, it makes no sense doing those things well that you shouldn’t be doing at all.

He explains that the difference between the board of directors and the CEO is oversight and fiduciary responsibility versus operation and execution.
Security for the Present and Future
Tom and Paul discuss Paul’s role at AgilePQ and the company’s prospects. “This product is needed; it’s just needed,” Paul emphasizes. He outlines the markets they are targeting, which even includes their competitors. “They don’t really have a full security system that can operate on the smallest of IoT devices,” he points out. “We have that so we can join with them, license to them our technology.” He tells Tom that their software not only protects the present but is ready for future technology as well. “We built [our software] not only to protect the IoT devices, but we built it so that when quantum computers become a reality – they will be able to process so much data so quickly they can break many of the encryption systems that are in the marketplace today –  we built our technology to be post-quantum secure.”
“What do board members, CEOs, and companies need to be thinking about for 2025 or perhaps even further, around security and encryption?” Tom asks. “People have to recognize that hackers and bad actors in the digital world are multiplying faster in many cases than the development of technology itself,” Paul responds. “Businesses today really need to be focusing on security at every level of the computing stack … and they need to concentrate on multiple levels of security within each of those systems. He advises that security should be considered in the planning stage, not after you’ve already developed a product. “You need to think about it upfront and plan it as part of the operational aspect of the device… that you’re building,” he comments.
Resources
Paul Clayson on LinkedIn 
AgilePQ.com 
Call Paul Clayson at (336)380-2800
 

Categories
Daily Compliance News

April 6, 2021 the Tech and RRs edition


In today’s edition of Daily Compliance News:

  • Whistleblower reports down. (WSJ)
  • Frantic response to voter suppression law. (NYT)
  • CFPB to pan foreclosures through 2022? (NYT)
  • Justice Thomas says tech platforms are akin to common carriers. (com)
Categories
Coffee and Regs

Preparing Now for a PRIIPs KID Project Plan

In this episode, CSS’s resident document production experts, Shane O’Sullivan and Charles Seigle-Goujon sit down to discuss how to prepare now for the UCITS to PRIIPs transition using best practices from the insurance industry and getting data governance procedures in place today.

About Our Guest Speakers:

Shane O’Sullivan recently joined the CSS team and is Director of Sales for the Irish market. Prior to joining CSS, Shane spent six years working for Institutional Investor in Melbourne and London. Shane managed new and existing relationships with global fund managers in Australia, America, UK and the Middle East. In 2018, Shane returned to Ireland to take a role with FundAssist to develop new business with global asset managers to meet their regulatory challenges. Shane holds a BA in Economics and a Masters in Financial Economics from University College Cork.
 
 

 
Charles Seigle-Goujon joined the Fund Reporting branch of CSS at the beginning of 2017 to develop the strategy in France, Switzerland and Luxembourg thanks to 10 years of experience in sales and account management for the Financial industry. Starting his career at Amundi and Henderson in institutional sales for alternative funds in Paris, he then moved to the Fintech industry in mid-2009 in Singapore where he was the head of Client Relationship Management South East Asia at FIS – ex SunGard Global trading.

 

 

Categories
ComTech

Getting the Data to Work for You with Jonathon Kellerman


Jonathon Kellerman, now a partner at StoneTurn, loves data analytics. He spent 20 years at PWC, his last post there being Chief Compliance Officer. His role as CCO focused on compliance and risk management and corporate governance. He joins Valerie Charles and Tom Fox to share how he “built out the industry’s leading consulting practice focused on helping those global companies with their most complex compliance challenges… where I got to focus on things like data and technology and leveraging technology to have a much more productive and value-added compliance program.” Jonathon describes the role of data analytics in becoming more predictive about risk, and how it is changing the compliance industry for the better.
A New Vision of Compliance
“We have access to this tremendous amount of data; how do we get that data to work for us?” Jonathon asks. His vision for a new kind of compliance program was “using data and data analytics to help us be more predictive about risk and to give us more real-time insights …that would help us …prevent incidents from occurring as opposed to always putting out fires.” With his team of talented experts, he was able to realize his vision. The cutting-edge platform they developed pulled data from across the organization into a centralized hub. They could then analyze the data to discover outliers and trends. “The beauty of it is we could pull the levers that would allow us to look at risk in many different ways,” he tells Valerie and Tom.
Compliance Demonstrating its Value
Valerie asks Jonathon how a company could get started. There’s no one size fits all solution, he responds. First, understand the data that’s available to you, your risk profile, and what you want to achieve. Then, figure out what risk factors you want to apply across the data. Keep your framework simple, he advises compliance leaders. Next, assemble a team to build your platform. Valerie comments that a benefit of this approach “is being able to demonstrate the value of the work that we do… [It] allows you to… become noted because of the ways that you can show that you’ve kept the train on the track… It elevates our profession.” Jonathon agrees and explains how compliance contributes to the overall effectiveness and efficiency of the business.
Assuring Data Quality Worldwide
Tom asks Jonathon how he assures data quality across the globe in multinational companies. Jonathon responds that it starts with cataloging all your data sources and systems and then standardizing the data. “If you can standardize the data that you’re bringing in from different systems or different sources, then you’re able to significantly increase the data quality and your confidence in the completeness and accuracy of that data,” he points out.
The Future of Compliance
He joined StoneTurn because he wants to “leave a mark on the compliance profession going forward and… advance the compliance profession…”, Jonathon tells Valerie. StoneTurn offers just that as they’re focused on innovation and advancing compliance as a profession. He and Valerie agree that the next few years will be game-changing for the compliance industry. “There is a window of opportunity for compliance to redefine itself and its value,” Jonathan argues. Using data analytics to provide real-time business insights and to improve operational efficiency are the keys to the future of compliance, he predicts. “If they can do those two things well,” Jonathon concludes, “they’re going to add a tremendous amount of value into their businesses and really help those businesses achieve their objectives.”
Resources
Jonathon Kellerman at StoneTurn | LinkedIn
StoneTurn.com