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Great Women in Compliance

Great Women in Compliance: GWIC Roundtable on Putting AI to Use in Compliance

🎙 📣 🎙 It’s #GWIC Roundtable Wednesday, and Lisa Fine & Ellen Hunt are talking with two experts, Diana Kelley and Gwen Hassan, about putting AI to Use for Ethics & Compliance Teams.

Tune in to learn about:

  • How Ethics & Compliance Teams streamline their workload and amplify their impact with AI solutions
  • What frameworks and safeguards should you utilize to protect against hallucinations and unintended consequences?
  • What disclosures or opt-out features should you consider to alert users that the interactions are AI-based?
  • The state of current and future AI regulation

Listen now at Corporate Compliance Insights at https://lnkd.in/d9VGcfw or wherever you hear podcasts.

If you are using AI in your Ethics & Compliance function in a way we didn’t mention, please tell us in the comments.

#GWIC is proud to announce that it has been nominated for the #WomenInPodcastAwards. This is a people’s choice award, and whether you vote for #GWIC or other nominees, we ask that you send the elevator back down by voting. Voting opens August 1, 2024, and details can be found on the #GWIC LinkedIn page at http://www.linkedin.com/groups/12156164

#EthicalLeadership #AI #Ethics #Compliance #WomenLeaders #WomenPodcasts

Categories
Trekking Through Compliance

Trekking Through Compliance – Episode 59 – Investigative Lessons from And the Children Shall Lead

In this episode of Trekking Through Compliance, we consider the episode And The Children Shall Lead, which aired on October 11, 1968, Star Date 5027.1.

Story Synopsis

This episode explores themes of manipulation and the power of belief. The Enterprise crew responds to a distress signal from the Federation colony on Triacus and discovers all the adults dead from an apparent suicide, leaving only the children alive.

Captain Kirk and his team find the children seemingly unaffected and playing happily, which raises suspicion. Dr. McCoy’s medical scans show no physical harm or unusual conditions, but the children’s behavior is concerning. It soon becomes evident that the children are under the influence of an alien entity named Gorgan, who appears to them as a friendly figure promising them power and control. Gorgan manipulates the children to help him take over the Enterprise.

The children use their telekinetic abilities, granted by Gorgan, to take control of the ship, causing chaos among the crew. They create illusions that play on the crew members’ deepest fears, further destabilizing the situation. Kirk and Spock investigate and uncover historical data about the previous encounters with Gorgan and how he exploits the innocence and trust of children to achieve his goals.

Realizing that Gorgan’s power depends on the children’s belief in him, Kirk devises a plan to break his hold. He confronts the children with the truth about their parents’ deaths and shows them how Gorgan has deceived them. The children, seeing the reality of their actions and the consequences, withdraw their belief and support from Gorgan.

Without the children’s belief to sustain him, Gorgan loses power and vanishes. The children, freed from his influence, begin to process their grief and the reality of their situation. The episode concludes with the Enterprise leaving Triacus and restoring order and safety to the ship.

Commentary

I consider this episode the worst episode of the original Star Trek series. The episode, which first aired on October 11, 1968, involves the Enterprise crew investigating the mysterious mass suicide of adults on the scientific colony Triacus and the subsequent manipulation of their children by an alien entity known as the Gorgon. Despite the episode’s shortcomings, Fox identifies key compliance and investigative lessons, including thorough fact-finding, identifying patterns, adapting techniques, engaging with vulnerable parties, addressing ethical dilemmas, and leveraging cross-functional expertise.

Key Highlights

  • Story Synopsis: And the Children Shall Lead
  • Critical Reception and Fun Facts
  • Compliance and Leadership Lessons

Resources

Excruciatingly Detailed Plot Summary by Eric W. Weisstein

MissionLogPodcast.com

Memory Alpha

Categories
Innovation in Compliance

Innovation in Compliance: John Byrne and Corlytics – Innovations in Regulatory Compliance

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, Tom speaks with John Byrne, founder and CEO of Corlytics.

John shares his background as a serial entrepreneur focusing on technology and finance and discusses the inception and mission of Corlytics. The conversation delves into the complexities of regulatory compliance, the need for real-time risk assessments, and the integration of AI and machine learning in regulatory monitoring.

John also explores how Corlytics helps financial institutions navigate evolving regulations, including ESG metrics, and forecasts the future regulatory landscape. This episode offers valuable insights for professionals interested in compliance, risk management, and the role of technology in these fields.

Key Highlights:

  • Founding Corlytics and Its Mission
  • Real-Time Risk Assessment
  • Policy Management and Global Compliance
  • Impact of Current Events on Financial Institutions
  • The Rise of ESG in Financial Institutions
  • Future of Regulation and AI

Resources:

John Byrne on LinkedIn.

Corlytics

Tom Fox

Instagram

Facebook

YouTube

Twitter

LinkedIn

Categories
Compliance Tip of the Day

Compliance Tip of the Day: The Exit Interview

Welcome to “Compliance Tip of the Day,” the podcast where we bring 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 aim is to provide you with bite-sized, actionable tips to help you stay on top of your compliance game.

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.

Today we consider how a compliance professional can use the exit interview to improve overall corporate culture.

For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.

To check out The Compliance Handbook, 5th edition, click here.

Categories
Compliance Tip of the Day

Compliance Tip of the Day: Separations and Layoffs

Welcome to “Compliance Tip of the Day,” the podcast where we bring 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 aim is to provide you with bite-sized, actionable tips to help you stay on top of your compliance game.

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.

Today we consider the role of compliance in employee separations and layoffs.

For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.

To check out The Compliance Handbook, 5th edition, click here.

Categories
Blog

The Foreign Corrupt Practices Handbook: Interview with the Authors

I recently spoke with the Foreign Corrupt Practices Act (FCPA) Handbook authors Robert Tarun and Peter Tomczak from Baker McKenzie for a two-part podcast episode. (Part 1 was posted July 22 here, and Part 2 will be posted July 29 here.)  The depth of knowledge and experience in white-collar crime, particularly about the Foreign Corrupt Practices Act (FCPA), is unparalleled. We delve into the latest edition of their authoritative book, the FCPA Handbook, and explore key compliance trends, challenges, and strategies in today’s global landscape.

Bob and Peter provided a rich overview of their current professional pursuits in our discussion. Bob Tarun is actively engaged with general counsels and white-collar criminal lawyers and continues to contribute significantly to the American Bar Association’s White Collar Crime Institute. He’s also exploring creative writing, having penned a novel involving white-collar crime and an FCPA case, and is working on a screenplay based on a true story of a lawyer turned federal judge who faces indictment and impeachment.

Peter Tomczak chairs Baker McKenzie’s Global Investigations, Compliance, and Ethics Practice. He conducts cross-border compliance investigations and advises on compliance issues, governance, and M&A transactions. Peter also publishes extensively on corporate compliance and governance topics, making significant contributions to the discourse on anti-corruption and ethical business practices.

The Genesis and Evolution of the FCPA Handbook

The FCPA Handbook is often regarded as the bible for practitioners dealing with the complexities of the Foreign Corrupt Practices Act. Bob explained the motivation behind the book’s initial creation: a combination of intellectual curiosity and a perceived gap in the market for practical, hands-on guidance. They aimed to provide invaluable resources to white-collar criminal lawyers, compliance officers, general counsels, and corporate lawyers navigating FCPA-related challenges.

The latest, sixth edition of the handbook comes after significant updates. Peter highlighted the importance of keeping the book current with evolving laws, new DOJ policies, and practical applications in ephemeral messaging and new technologies. The update also addresses recent trends and notable case law, ensuring practitioners can access the most relevant and helpful information.

Writing Process: A Peek Behind the Curtain

Every great book has a unique writing process behind it. Bob emphasized the importance of organization, starting with a detailed chapter outline to ensure coherence and practicality. Each handbook edition incorporates updates on DOJ policies and guidance, reflecting the most current legal landscape.

Peter shared insights into the collaborative nature of their writing process. Both authors would lead on different chapters, exchanging drafts to ensure a unified voice and comprehensive coverage of topics. Despite the challenges of coordinating such an extensive project, the result is a cohesive and well-organized resource for FCPA practitioners.

Key Strategies for Conducting and Defending FCPA Investigations

Conducting and defending FCPA investigations in 2024 involves navigating complex legal and practical challenges. Bob and Peter provided several key strategies:

  1. Effective Document Management: Handling vast amounts of data and ensuring compliance with data privacy laws across jurisdictions is crucial. Early preservation and collection of evidence, including ephemeral messaging, is essential for a robust investigation.
  2. Sophisticated Compliance Programs: The DOJ’s expectations for compliance programs have become more sophisticated. Presentations to the government must demonstrate the underlying crime and prove the company’s proactive compliance measures and readiness to address issues.
  3. Brady vs. Maryland Motions: Bob stressed the importance of detailed Brady motions to ensure the defense receives all exculpatory evidence. This proactive approach can prevent costly and time-consuming retrials due to discovery violations.

International Anti-Bribery and Corruption Trends

Peter comprehensively overviews key international anti-bribery and corruption (ABC) trends. He highlighted the importance of understanding the level of business activity, interaction with governments and state-owned enterprises, the corruption environment, and international cooperation in enforcement efforts.

China remains a focal point for FCPA enforcement. Still, other regions, such as Southeast Asia, the Middle East, and Mexico, are also emerging as critical areas for compliance professionals to monitor. These regions present opportunities and compliance challenges as global supply chains and capital flows shift.

The Future of FCPA Enforcement

Toward the mid-century, Bob and Peter agreed that FCPA enforcement would remain a cornerstone of promoting free and fair markets. Despite significant fines and enhanced compliance efforts, cases involving major corporations like SAP, Ericsson, Glencore, and Goldman Sachs indicate that corruption remains a persistent issue.

Peter emphasized the evolving nature of anti-corruption enforcement as a hallmark of Western democracy. He suggested that future enforcement may increasingly target the demand side of global bribery, addressing both the supply and demand aspects of corruption.

Our conversation with Bob and Peter underscores the importance of staying abreast of FCPA enforcement’s latest trends, policies, and strategies. Their handbook serves as a vital resource for compliance professionals, offering practical guidance and insights into the complex world of anti-corruption compliance.

The sixth edition is available through the American Bar Association for those interested in delving deeper into the FCPA Handbook. Bob and Peter can also be reached through their contacts for further inquiries and professional guidance.

Categories
Trekking Through Compliance

Trekking Through Compliance – Episode 55 – Assignment Earth

In this episode of Trekking Through Compliance, we consider the compliance lessons from Assignment Earth, which aired on March 29, 1968, Star Date unknown—the final episode of Season 2.

The Enterprise has used the light-speed breakaway factor to propel itself backward in time. It can monitor Earth communications while on a historical fact-finding mission to study how Earth survived 1968. While in orbit, the Enterprise accidentally intercepts a transporter beam originating more than 1000 light years away, beaming aboard interplanetary agent Gary Seven and his partner Isis, disguised as a black cat. His mission is to prevent Earth from destroying itself before it can become a peaceful society by destroying an orbital nuclear weapons platform launched by the US.

Chekov notes the arming of the warhead aboard the Enterprise, who attempts to contact Kirk for instructions. When the communicator beeps and the rocket base guard picks it up, Spock nerve pinches the guard and tells Scott to beam Kirk and himself to Seven’s apartment. They watch Seven explode the warhead 104 miles above the ground and meet Seven’s cat, Isis. Records from the Enterprise show that such an event occurred and that it caused the nuclear powers to reassess the risks of placing hydrogen bombs in orbit.

Commentary

This unique episode, intended as a backdoor pilot for a spin-off, features characters Gary Seven, Terry Gar, and Isis the Cat. Gary Seven’s mission, advanced technology, and covert interventions serve as a springboard to discuss compliance lessons such as effective oversight, challenges in regulating emerging technologies, and ethical considerations in surveillance. By drawing parallels with current compliance issues, Tom Fox offers valuable insights for compliance professionals navigating these complex areas.

Key Highlights

  • Episode Synopsis
  • Gary Seven’s Mission
  • Roberta Lincoln’s Involvement
  • Rocket Sabotage and Conclusion
  • Compliance Lessons from Assignment Earth

Resources

Excruciatingly Detailed Plot Summary by Eric W. Weisstein

MissionLogPodcast.com

Memory Alpha

Categories
Compliance Tip of the Day

Compliance Tip of the Day: A Compliance Performance Appraisal Review

Welcome to “Compliance Tip of the Day,” the podcast where we bring 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 aim is to provide you with bite-sized, actionable tips to help you stay on top of your compliance game.

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.

Today we consider the role of a Compliance Performance Appraisal Review.

For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.

To check out The Compliance Handbook, 5th edition, click here.

Categories
Trekking Through Compliance

Trekking Through Compliance – Episode 54 – Establishing Trust During Investigations: Lessons from Bread and Circuses

In this episode of Trekking Through Compliance, we consider the episode Bread and Circuses, which aired on March 15, 1968, and occurred on Star Date 4040.7.

On a routine patrol, the Enterprise happens upon space debris from the S.S. Beagle. This survey ship disappeared 6 years ago, commanded by Captain R.M. Merrik, an academy associate of Kirk. When Spock projects the path of the wreckage back in time, he discovers a civilization of modern-day Romans on Planet 4 of the 892 System. The extreme similarity of the 892 System’s civilization to the Roman Earth is a coincidence, demonstrating, according to Kirk, the validity of Hodgekin’s Law of Parallel Planet Development.

Scott prepares to disrupt power to the entire planet from the Enterprise just as Kirk is about to be executed on live Roman TV. Scotty beams up the away team just before their cell is crisscrossed with machine gun fire. Back aboard the Enterprise, Uhura discovers that the escaped slaves were not sun worshippers but worshippers of a different “son”: the Son of God.

Commentary

Key compliance lessons from the episode include strategies for building trust and credibility during internal investigations. Tom Fox outlines methods to enhance compliance culture through transparency, accountability, confidentiality, professionalism, clear communication, leveraging influencers, and demonstrating accountability. The episode also explores continuity issues and the relevance of Hodgkin’s Law of Parallel Planetary Development.

Key Highlights

  • Story Synopsis
  • Fun Facts and Parodies
  • Compliance Lessons from Bread and Circuses

Resources

Excruciatingly Detailed Plot Summary by Eric W. Weisstein

MissionLogPodcast.com

Memory Alpha

Categories
Compliance Tip of the Day

Compliance Tip of the Day: Succession Planning in Compliance

Welcome to “Compliance Tip of the Day,” the podcast where we bring 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 aim is to provide you with bite-sized, actionable tips to help you stay on top of your compliance game.

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.

Today we consider the role of succession planning in a compliance function.

For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.

To check out The Compliance Handbook, 5th edition, click here.