Tag: BAT

2 Gurus Talk Compliance – Episode 5, The Taylor Swift Edition

Post author By admin
Post date May 12, 2023
No Comments on 2 Gurus Talk Compliance – Episode 5, The Taylor Swift Edition

What happens when two top compliance commentators get together? They talk compliance, of course. Join Tom Fox and Kristy Grant-Hart in their podcast, 2 Gurus Talk Compliance, as they tackle topics on behavior economics, OFAC settlement lessons, the importance of the user experience in compliance policy creation, and more. They also discuss incorporating behavioral sciences into compliance strategies and the exciting changes in compliance consulting services. With their expertise, they share insights on how data, behavioral science, and innovative approaches can improve compliance programs, business processes, and profitability.

Listen as they provide valuable insights on how to understand culture by starting a dialogue and the importance of finding someone to give a narrative. Lastly, they discuss the challenge of bribery and corruption and the need for compliance professionals to be innovative, accept failures, and be comfortable with experimentation. Take advantage of this exciting and informative podcast episode from two renowned compliance experts, Tom Fox, and Kristy Grant-Hart.

Highlights Include:

Document Geeks rejoice
BAT settlement from the Caremark/McDonalds perspective
New Directions for Cybersecurity
What is a corrupt payment?
Rachel Carson and leadership
Compliance industry growth
What’s on the mind of CCOs
Taylor Swift and compliance
Using AI to generate meeting notes

Resources

1. New Direction for Cybersecurity.

2. BAT export control settlement-$767MM is just the start of the costs.

3. What is the profile of a corrupt payment?

4. Rachel Carson and Leadership

5. The 24-Hour Rule by Adrienne Bellehumeur.

6. Three Graphs Explain the Compliance Industry’s Growth

7. What is top-of-mind with CCO’s?

8. 8 Handy Tools to Get AI-Generated Meeting Notes

9. Queen of Due Diligence

Connect with Kristy Grant-Hart on LinkedIn

Tom

Tags AI, BAT, Caremark, CCOs, cyberscurity, DD due diligence, documents, FCPA Blog, Rachel Carson

GalloCast

GalloCast – Episode 9, Live at ECI

Post author By admin
Post date May 11, 2023
No Comments on GalloCast – Episode 9, Live at ECI

Welcome to the GalloCast. You have heard of the Manningcast in football. Now we have the GalloCast in compliance. The two top brothers in compliance, Nick and Gio Gallo, come together for a free-form exploration of compliance topics. It is a great insight into compliance brought to you by the co-CEOs of Ethico. Fun, witty, and insightful with a dash of the two brothers throughout. It’s like listening to the Brothers Gallo talk compliance at the Sunday dinner table. Hosted by Tom Fox, the Voice of Compliance.

In this episode of the GalloCast, the trio discusses some of the most challenging issues companies face regarding ethics and compliance. They start by diving into the recent $767 million fine slapped on British American Tobacco for colluding to sell cigarettes into North Korea, violating sanctions. They debate who should be held accountable for changing a company’s culture, how deep-rooted biases can affect decision-making, and the effectiveness of regulatory enforcement. The discussion covers the intricacies of ethics in different business models, including distributor and commissioned sales agent models. They also discuss the risks and benefits of a conservative approach and the adaptability of ethics and compliance programs. The episode concludes by discussing cultural fit in mergers or acquisitions and how finding common ground and preserving distinctness can be accomplished. Don’t miss out on the wealth of insights and practical advice on navigating these challenging issues in the corporate world. Tune in to GalloCast now!

Key Highlights:

BAT’s illegal sales to North Korea
Determining Right and Wrong in Corporate Decisions
Balancing Values and Profit in Business
Balancing Compliance and Ethics Programs
Adapting Ethics & Compliance Programs
Ethics and Compliance Teams in Companies
Dangers of Groupthink in Decision-Making
Culture’s Role in Business Mergers and Acquisitions
Cultural Integration in Mergers & Acquisitions

Resources

Nick Gallo on LinkedIn

Gio Gallo on LinkedIn

Ethico

Tom Fox

Connect with me on the following sites:

Tags BAT, compliance, culture, ECI, ECI Impact 2023, M&A, Microsoft, Seagate

Compliance Into the Weeds

Compliance into the Weeds: BAT Sanctions Enforcement Action

Post author By admin
Post date May 3, 2023
No Comments on Compliance into the Weeds: BAT Sanctions Enforcement Action

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 explore a subject and looking for some hard-hitting insights on sanctions compliance. Look no further than Compliance into the Weeds!

Tom Fox and Matt Kelly dive into the recent enforcement action against British American Tobacco (BAT) for violating North Korean sanctions. After years of evading sanctions and funneling over $630 million, regulators have imposed the maximum penalty. Join the podcast to understand the scheme enacted by BAT and the consequences of their actions. They also discuss the need for clarity around who is responsible for ensuring compliance with OFAC and the Justice Department for the next 5 years. With potential penalties looming, the consequences senior management could face, and the extent of compliance commitments expected of BAT, this is a case you want to take advantage of. Listen to Tom and Matt make sense of this perplexing case and what it means for companies in countries like North Korea.

Key Highlights:

· Sanctions enforcement on British American Tobacco

· The North Korean Scheme of British American Tobacco

· British American Tobacco’s Sanctions Compliance Penalty and Requirements

· Legal implications of BAT’s North Korea joint venture

Notable Quotes:

“I almost think we should just name this series, ‘the hits just keep on coming’ as sanctions is the new FCPA.”

“This is a long-running, complicated scheme involving the highest levels of BAT knew this was going on to evade sanctions risks.”

“Short of Activision Blizzard, this case strikes me as 1 of the most egregious that we have seen in any form of trade control, export control, trade sanctions, FCPA, or other major corporate white collar.”

“They talk about how BAT and its subsidiaries knew full well that US sanctions said you can’t do business with North Korea; they were upset over how BAT publicly announced it.”

Resources

Matt

Blog Post in Radical Compliance

Tom

Tags BAT, DOJ, Lisa Monaco, North Korea, OFAC, sanctions

From the Editor's Desk

From the Editor’s Desk – April and May, 2023 in Compliance Week

Post author By admin
Post date April 28, 2023
No Comments on From the Editor’s Desk – April and May, 2023 in Compliance Week

Welcome to From the Editor’s Desk, a podcast where co-hosts Tom Fox and Kyle Brasseur, EIC at Compliance Week, unpack some of the top stories which have appeared in Compliance Week over the past month, look at top compliance stories upcoming for the next month, talk some sports and generally try to solve the world’s problems.

Highlights Include:

· The cadence of compliance stories

· ChatGPT and AI in compliance

· Reporting and Editing compliance stories

· Case studies in Compliance Week

· The surprises of the NBA playoffs in 2023

· Pitch clock in baseball

· The Boston Bruins’ quest for all-time greatness

Kyle relates some of the upcoming Compliance Week 2023 Conference highlights from May 15-17 in Washington, DC. Listeners of this podcast will receive a discount of $200 by using code TF200 on the link below.

Resources

Compliance Week 2023 information and registration here

Kyle Brasseur on LinkedIn

Compliance Week

Tags BAT, ChatGPT, Compliance Week, Compliance Week 2023, Kyle Brasseur, Seagate

Daily Compliance News

April 26, 2023 – The BAT In North Korea Edition

Post author By admin
Post date April 26, 2023
No Comments on April 26, 2023 – The BAT In North Korea 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.