In today’s edition of Daily Compliance News:
Welcome to a special five-part podcast series, sponsored by Exiger, on topics From Third-Party Risk Management to Supply Chain Risk Management: Exiger on the Evolution in Supplier Compliance in COVID. Exiger was founded to fight financial crime, fraud and terrorist financing by introducing technology-enabled solutions to the market’s biggest supply chain, risk, investigation, litigation, and compliance challenges. A global authority on risk and compliance, Exiger serves the world’s largest banks, Fortune 1000 companies and government agencies and regulators. Over this series, we will put a spotlight on Financial Institutions with Tara Loftus and Samar Pratt; focus on corporations with Aaron Narva and George ‘Ren’ McEachern; consider Federal Government and Supply Chains with Carrie Wibben and Vishnu Anantatmula; review the pillars of good compliance with Brandon Daniels and Carrie Wibben; and end with a review of third-party risk management solutions with Erika Peters and Skyler Chi.
In this Part 1, we put a spotlight in financial institutions. In this exploration I am joined by Tara Loftus, a Managing Director, who is a part of the Financial Crime Compliance Advisory practice focusing on anti-money laundering (AML) and anti-bribery & corruption (ABC) and Samar Pratt Managing Director who is also in the firm’s Financial Crime Compliance Advisory practice, specializing in audit and assurance.
Join us tomorrow where we consider areas where corporations have challenges on third parties and Supply Chain risk.
For more information on Exiger, click here.
For more information on Samar Pratt, click here.
For more information on Tara Loftus, click here.
In this episode, I take a deep dive into the first cyber-security enforcement action brought by the state of New York, Department of Financial Services. It was against First American Title. In this exploration I am joined by Jordan Arnold, the Chief Innovation Officer at K2 Intelligence FIN. He is the founder and Global Chair of K2 Intelligence’s Private Client Services practice, which provides privacy and security services to ultra and high net worth families and clients in the entertainment, music, and sports industries and Surjeet Mahant, Managing Director in K2 Intelligence FIN’s Financial Crimes Risk and Compliance practice, where he leads cyber risk services. With over 20 years of experience in cybersecurity and privacy risk solutions for large institutions, Surjeet assists clients in developing the tools and strategies needed to protect the confidentiality of their data, the availability of their systems, and the integrity of their operations.
Some of the highlights include:
- Overview of the enforcement action;
- What are the broader consequences for the industry; significance of regulation/action; need for proactive actions;
- What is the DFS and why is it regulating an insurance company around cyber?
- Why has cyber become a part of the broader compliance conversation?
- What specific steps can entities take to mitigate a violation or breach of data?
- What can entities expect in the future from regulators in the cyber space?
For more information on K2 Intelligence FIN, click here.
In today’s edition of Sunday Book Review:
- Summer by Ali Smith
- Antkind by Charles Kaufman
- God’s Shadow edited by Alan Mikhail
- Wagnerism: Art & Politics in the Shadow of Music by Alex Ross
On this 19th anniversary of 9/11 Tom and Jay ask you to consider all that has changed for America in the past 19 years. Most importantly, remember there was a time when we were united as a country. We can do so again.
We continue to brave the surge in Covid cases by staying safe at home. We are back to look at top compliance articles and stories which caught their eye this week.
- Lebanon, Corruption and a Bomb. NYT reporters: Ben Hubbard, Maria Abi-Habib, Mona El-Naggar, Allison McCann, Anjali Singhvi, James Glanz and Jeremy White.
- Are today’s CCO ‘Super Execs’? Dick Cassin explores in the FCPA Blog.
- Time for a compliance housecleaning? Dylan Tokar in the WSJ Risk and Compliance Journal.
- A turning point in AML enforcement? Jack Hagel in the WSJ Risk and Compliance Journal.
- HerabLife settles long standing FCPA matter. Mike Volkov goes deep in a 3-part series. Part 1, Part 2and Part 3.
- Does HerbalLife portend the end of monitors? Robert Anello in com.
- DOJ charges former Uber CISO for lying about data breach. Lawyers from Cleary Gottlieb in NYU’s Compliance and Enforcement Blog.
- Deutsche Bank fined yet again (twice). Matt Kelly reports in Radical Compliance.
- This month on The Compliance Life, I am joined by Deanna Nwankwo. She came to the CCO chair after a stint at QA in NASA. In this week’s Part 1, the message ‘The good news is you’re the new CCO. The bad news is you’re the new CCO.’
- On the Compliance Podcast Network, on 31 Days to a More Effective Compliance Program, this month focuses on internal controls. This week saw the following offerings: Tuesday– Assessing internal controls in international operations; Wednesday-risk assessments and internals controls; Thursday– mapping internal controls; and Friday– Implementing internal controls. The month of September is being sponsored by Affiliated Monitors. Note 31 Days to a More Effective Compliance Program now has its own iTunes channel. If you want to binge out and listen to only these episodes, click here.
- Join Jay and Tom at Converge20. Convercent’s top compliance conference is going virtual this year. Check at the agenda and register here.
- Two great K2 Intelligence FIN webinars upcoming. 1. Kevin Mullins and Yomi Peirce on procurement fraud during Covid-19, September 16, 2020; 1:00 PM ET. Registration and information here. 2. Robin Henry on how investigators can use social media, Thursday, 9-24 at 1600 GMT. Registation and information here.
Tom Fox is the Compliance Evangelist and can be reached at tfox@tfoxlaw.com. Jay Rosen is Mr. Monitor and can be reached at jrosen@affiliatedmonitors.com.
CONVERGE is in its 5th year of bringing together the world’s leading companies for 2 days of dynamic speakers, thought-provoking breakout sessions, and opportunities to connect with like-minded professionals. This year the conference has gone virtual. You will leave the conference with new resources and best practices allowing you to continue the hard work of driving ethics to the center of your business. In today’s episode I visit with Hugh Bigwood, General Counsel at EverCare. We visit about his panel at Converge20 on Behavioral Science: Why People Don’t Intervene.
Why don’t employees intervene at work with they see something? This is a different question from employees do not speak up. Hugh Bigwood has been studying the science behind this question and has some answers which might surprise you. Find out more as Hugh explores these and other issues on this panel. For more registration and information on Converge20, click here.
In today’s edition of Daily Compliance News:
- CFTC Issues Guidance on Corporate Compliance Programs. (WSJ)
- DOJ charges another 57 with PPP fraud. (WaPo)
- Corruption led to Beirut explosion. (NYT)
- Houston area school refuses to drop name Robert E. Lee. (Houston Chronicle)
Los presentadores Matteson Ellis y Alejandra Montenegro Almonte discuten los resultados más relevantes de la Miller & Chevalier 2020 Encuesta sobre Corrupción en América Latina y comparten sus observaciones sobre la relevancia de los resultados para las empresas de la región.
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Encuesta Miller & Chevalier 2020 sobre Corrupción en América Latina: https://bit.ly/LACS2020
Preguntas? Contáctenos en podcasts@milchev.com.
¡(H)Ola Compliance! no tiene la intención y no se puede considerar como asesoramiento legal; el contenido solo refleja los pensamientos y opiniones de sus anfitriones.
¡(H)Ola Compliance! explora la ola de cumplimiento de anticorrupción que ha surgido por Latinoamérica. Inmerso en su cariño para la región, Matteson Ellis y Alejandra Montenegro Almonte (Socios de Miller & Chevalier), navegan las aguas de regulaciones de cumplimiento corporativo desde sus oficinas en Washington, DC y trazan las normas de anticorrupción que afectan a la región. A la vez destacan los desafíos y oportunidades que enfrentan las empresas comprometidas a la ética. ¿Te sientes que estás nadando contra la corriente? ¡Entonces tome la ola de cumplimiento en ¡(H)Ola Compliance!
CONVERGE is in its 5th year of bringing together the world’s leading companies for 2 days of dynamic speakers, thought-provoking breakout sessions, and opportunities to connect with like-minded professionals. This year the conference has gone virtual. You will leave the conference with new resources and best practices allowing you to continue the hard work of driving ethics to the center of your business. In today’s episode I visit with Don Sinko, Chief Integrity Officer at the Cleveland Clinic. We visit about his panel at Converge20 on Integrity v. Compliance-the Future of Our Profession.
As a profession, we’ve gotten used to the “ethics and compliance” label—but the rise of the Chief Integrity Officer begs the question, “is Integrity the new E&C?” In this session, you will learn how meaningful company values, employee communications and organizational structures can propel a program to align a culture of integrity and ethics and make a significant impact on the bottom line. Find out more as Don explores these and other issues on this panel. For more registration and information on Converge20, click here.