Tag: AML

Categories
Daily Compliance News

Daily Compliance News: December 11, 2025, The Jack Smith Opens New Law Firm 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 in 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.

Top stories include:

  • DOJ folds another set of corruption convictions. (ESPN)
  • NY state drops cannabis corruption case. (NYT)
  • Bessent wants DOT to take over all AML roles. (WSJ)
  • Jack Smith opens a new law firm with other ex-DOJ officials. (Reuters)

The Daily Compliance News has been honored as No. 2 in Best Regulatory Compliance Podcasts category.

Categories
AI Today in 5

AI Today in 5: November 20, 2025, The Gemini 3 Edition

Welcome to AI Today in 5, the newest edition to the Compliance Podcast Network. Each day, I will bring to you 5 stories about AI stories to start your day. Sit back, enjoy a cup of morning coffee and listen in to the AI Today In 5. All, from the Compliance Podcast Network. Each day we consider four stories from the business world, compliance, ethics, risk management, leadership or general interest about AI.

  1. AI and real-world real estate compliance. (HousingWire)
  2. Replacing manual cyber compliance with AI. (JerusalemPost)
  3. Gemini 3 was released. (Google)
  4. Will AI deepen inequality and hasten war? (NBC)
  5. AI and governance overhauling AML. (FinTechGlobal)

For more information on the use of AI in Compliance programs, my new book, Upping Your Game. You can purchase a copy of the book on Amazon.com

Categories
AI Today in 5

AI Today in 5: November 12, 2025, The FinCrime Frontier Edition

Welcome to AI Today in 5, the newest edition to the Compliance Podcast Network. Each day, I will bring to you 5 stories about AI stories to start your day. Sit back, enjoy a cup of morning coffee and listen in to the AI Today In 5. All, from the Compliance Podcast Network. Each day we consider four stories from the business world, compliance, ethics, risk management, leadership or general interest about AI.

  1. Tech launches BA in AI. (WSMV4)
  2. Why AI in AML is the ‘FinCrime Frontier’. (AML Intelligence)
  3. Is explainable AI the missing link? (FinTech Global)
  4. Why humans must govern AI. (CCI)
  5. Compliance for AI agents. (Banking Exchage)

For more information on the use of AI in Compliance programs, my new book, Upping Your Game. You can purchase a copy of the book on Amazon.com

Categories
AI Today in 5

AI Today in 5: November 11, 2025, The Preventing Compliance Risk Edition

Welcome to AI Today in 5, the newest edition to the Compliance Podcast Network. Each day, I will bring to you 5 stories about AI stories to start your day. Sit back, enjoy a cup of morning coffee and listen in to the AI Today In 5. All, from the Compliance Podcast Network. Each day we consider four stories from the business world, compliance, ethics, risk management, leadership or general interest about AI.

  1. Detecting and Preventing Compliance risks in AI. (FinTech Global)
  2. FCA set to unify AML oversight. (FinTech Global)
  3. D&B looks at 2025 resilience trends. (FinTech Global)
  4. An AI cold war is coming for the US and China. (FoxNews)
  5. Utilities and AI. (Latitude Media)

For more information on the use of AI in Compliance programs, my new book, Upping Your Game. You can purchase a copy of the book on Amazon.com

Categories
10 For 10

10 For 10: Top Compliance Stories For the Week Ending, October 25, 2025

Welcome to 10 For 10, the podcast that brings you the week’s Top 10 compliance stories in one podcast each week. Tom Fox, the Voice of Compliance, brings you the compliance stories you need to know 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 the compliance professional, 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.

Top stories this week:

  • Need a pardon, invest with Trump. (CNBC)
  • Former Citibank official jailed for AML charges in Singapore. (FT)
  • Gambling arrests rock the NBA. (ESPN)
  • Musk pleads for $1tn pay package. (Bloomberg)
  • More on BCG protocols. (WSJ)
  • The market spanked BNP Paribas. (WSJ)
  • How China took over rare earths. (WSJ)
  • Green shipping plan delayed. (WSJ)
  • BCG appoints new chief risk officer. (FT)
  • How CFPB scraps Citibank Consent Order. (Reuters)

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

You can purchase a copy of my new book, Upping Your Game, on Amazon.com

Categories
Daily Compliance News

Daily Compliance News: October 24, 2025, The CZ Pardoned 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 in 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.

Top stories include:

  • Need a pardon, invest with Trump. (WSJ)
  • Former Citibank official jailed for AML charges in Singapore. (FT)
  • Gambling arrests rock the NBA. (Fox News)
  • Musk pleads for $1tn pay package. (Bloomberg)

The Daily Compliance News has been honored as the No. 2 in the Best Regulatory Compliance Podcasts category.

Categories
AI Today in 5

AI Today in 5: October 24, 2025, The Driving and Flying with AI Edition

Welcome to AI Today in 5, the newest edition to the Compliance Podcast Network. Each day, Tom Fox will bring you 5 stories about AI to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the AI Today In 5. All, from the Compliance Podcast Network. Each day, we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest about AI.

Top AI stories include:

  1. Audit Board acquires FairNow. (International Accounting)
  2. Symphony AI launches new AI-powered AML tool. (Business Wire)
  3. What do Americans think about the environmental aspects of AI? (AP)
  4. Can AI help you purchase a car? (wtop)
  5. Shield AI unveils new AI-powered fighter. (Bloomberg)

For more information on the use of AI in Compliance programs, my new book, Upping Your Game, is available. You can purchase a copy of the book on Amazon.com.

Categories
Daily Compliance News

Daily Compliance News: October 22, 2025, The Rejection Therapy 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 in 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.

Top stories include:

  • Rejection therapy and risk-taking. (FT)
  • BCG appoints new chief risk officer. (FT)
  • How CFPB scraps Citibank Consent Order. (Reuters)
  • Worldline finds AML implementation uneven. (Bloomberg)

The Daily Compliance News has been honored as the No. 2 in the Best Regulatory Compliance Podcasts category.

Categories
Innovation in Compliance

Innovation in Compliance – AI in Financial Crime and Compliance: A Deep Dive with Oracle’s Jason Somrak

Innovation comes in many areas, and compliance professionals need to be ready for it and embrace it. Join Tom Fox, the Voice of Compliance, as he visits with top innovative minds, thinkers, and creators in the award-winning Innovation in Compliance podcast. In this episode,  host Tom Fox welcomes Jason Somrak, the Chief of Product and Strategy for Financial Crime and Compliance at Oracle.

Jason elaborates on his professional background and his decade-long journey at Oracle. He delves into the transformative role of AI in combating financial crimes, exploring how AI has evolved from predicting false positives to using behavioral models and generative AI to enhance investigation processes. Their discussion touches on AI’s potential to shift from detection to prevention, the impact of real-time AML, and the significance of automating noise in compliance investigations. They also discuss the importance of regulatory relationships and the emerging challenges in risk management. The episode concludes with insights into the future skills needed in compliance roles and the critical role of corporate culture in implementing AI solutions.

Key highlights:

  • AI’s Role in Financial Crime Prevention
  • Proactive vs. Reactive Approaches
  • AI in Investigations and Triage
  • Emerging Challenges in Risk Management
  • Future of AI in Compliance
  • Skills for Next-Gen Compliance Officers

Resources:

Jason Somrak on LinkedIn

Oracle Financial Services

Tom Fox

Instagram

Facebook

YouTube

Twitter

LinkedIn

Categories
Compliance Tip of the Day

Compliance Tip of the Day – Compliance Lessons from Citibank’s AML Program

Welcome to “Compliance Tip of the Day,” the podcast that brings 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 goal is to provide you with bite-sized, actionable tips to help you stay ahead in your compliance efforts. 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.

This week, we continue our look at how companies are using AI in their business operations and draw compliance lessons from this use for compliance professionals. Today, we continue with compliance lessons from Citibank’s development of a worldwide AML tool.

For more information on this topic, refer to The Compliance Handbook: A Guide to Operationalizing Your Compliance Program, 6th edition, recently released by LexisNexis. It is available here.