Tag: compliance

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Compliance Into the Weeds

Compliance into The Weeds: Monaco on DOJ Whistleblower Initiative and AI

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 more fully explore a subject. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode, Tom and Matt take a deep dive into a recent speech by Deputy Attorney General Lisa Monaco on the DOJ’s creation of a whistleblower program and compliance oversight of AI.

The Department of Justice Whistleblower Awards Program is a recent development that has prompted considerable discussion due to its possible implications and the potential range of awards. The program, which is designed to protect whistleblowers, raises a number of complex issues, particularly for compliance officers. According to Tom, the program is aligned with those from other regulatory bodies, like the SEC, and is not necessarily groundbreaking. He points out potential limitations in the range of awards and questions the efficiency of the review process.

Matt views the program as a significant, yet familiar, development for compliance officers. He highlights that the program seems to follow an existing trend, rather than pioneering a new approach and points out the need for further clarification on the eligibility criteria and the procedure for issuing awards. Both Fox and Kelly, from their extensive experience in the field, emphasize the program’s potential benefits for whistleblowers seeking protection but concur that there are still many details to be clarified.

Key Highlights:

  • Navigating DOJ Whistleblower Program: Award Dynamics
  • Navigating Compliance in DOJ’s Whistleblower Program
  • Enhancing Criminal Penalties for AI-based Crimes
  • Enforcement Challenges in AI Technology Governance

Resources:

Matt on Radical Compliance

Tom 

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Compliance Week Conference Podcast

Compliance Week 2024 Speaker Preview Podcasts – Cindy Moehring on Rising Up in the Compliance Ranks

In this episode of the Compliance Week 2024 Speaker Preview Podcasts series, Compliance Week 2024 Speaker Preview Podcasts – Cindy Moehring on Rising Up in the Compliance Ranks discusses her panel presentation at Compliance Week 2024, “Rising the Ranks – All the Way to the Boardroom.” Some of the issues she will discuss in this podcast and her presentation are:

  • Preparing yourself to move up the corporate latter
  • What does a Board look for in candidates?
  • Learning about new best practices and new technologies at Compliance Week 2024

I hope you can join me at Compliance Week 2024. This year’s event will be held April 2-4 at the Westin Washington, DC, Downtown. The line-up is first-rate, with some top ethics and compliance practitioners around.

Gain insights and make connections at the industry’s premier cross-industry national compliance event, offering knowledge-packed, accredited sessions and take-home advice from the most influential leaders in the compliance community. Back for its 19th year, join 500+ compliance, ethics, legal, and audit professionals who gather to benchmark best practices and gain the latest tactics and strategies to enhance their compliance programs. Compliance, ethics, legal, and audit professionals will gather safely face-to-face to benchmark best practices and gain the latest tactics and strategies to enhance their compliance programs, among many others, to:

  • Network with your peers, including C-suite executives, legal professionals, HR leaders, and ethics and compliance visionaries.
  • Hear from 80+ respected cross-industry practitioners, including CEOs, CCOs, regulators, federal officials, and practitioners, to help inform and shape the strategic direction of your enterprise risk management program.
  • Hear directly from panels on leadership, fraud detection, confronting regulatory change, abiding by cross-border rules and regulations, and the always-favorite fireside chats.
  • Bring actionable takeaways from various session types, including cyber, AI, Compliance, Board obligations, data-driven compliance, and many others, to your program for you to listen, learn, and share.
  • Compliance Week aims to arm you with information, strategy, and tactics to transform your organization and career by connecting ethics to business performance through process augmentation and data visualization.

I hope you can join me at the event. For information on the event, click here. As an extra benefit to listeners of this podcast, Compliance Week is offering a $200 discount on the registration price. Enter the discount code TFOX2024 for $200 off.

The Compliance Podcast Network produces the Compliance Week 2024 Preview Podcast series. Compliance Week sponsors this series.

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All Things Investigations

All Things Investigations – Beyond the DPA: Maintaining an Effective Compliance Culture Post-Release

Welcome to the Hughes Hubbard Anti-Corruption & Internal Investigations Practice Group’s podcast, All Things Investigation. In this podcast, Hughes Hubbard & Reed LLP partner Mike Huneke and I speak with Mei Li Zhen, Head of Ethics & Compliance, Commercial Operations & Subsidiaries, Airbus, about her role in the organization’s compliance department.

Mei Li Zhen and Michael Huneke are two accomplished professionals with extensive backgrounds in compliance programs and company culture, having both transitioned from external counsel to in-house counsel roles at Airbus. With her experience working with diverse international backgrounds, Zhen believes that a strong, company-wide, embraced compliance program is not just about avoiding fines but is a competitive advantage that attracts young talent and gains the trust of investors and governments. She sees integrity as beneficial for the bottom line and emphasizes the importance of everyone in the organization feeling responsible for behaving with integrity. Huneke, a US-qualified lawyer working in France, shares a similar perspective. He sees a strong compliance program as a self-reinforcing cycle that attracts the right talent and enhances the business’s reputation and reliability. Like Zhen, Huneke believes that compliance should permeate the entire company culture, with every employee feeling accountable for maintaining integrity in their daily activities.

Key Highlights:

  • Airbus’ Global Commitment to Compliance and Trust
  • Ethics Ambassadors Shaping Airbus Compliance Culture
  • Enhancing Team Trust through Transparent Communication
  • Establishing Trust Through Empathetic Communication Practices
  • Ethical Compliance Leadership in the Aerospace Industry

Resources:

Hughes Hubbard & Reed LLP Website

Mei Li Zhen on LinkedIn

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Compliance Tip of the Day

Compliance Tip of the Day: The Importance of Culture

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.

In this episode, we explain the importance of corporate culture in the highest-risk areas for your organization. If you are an airline manufacturer, it’s the safety of your airplanes.

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

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Compliance Tip of the Day

Compliance Tip of the Day: Good Compliance is Good Business

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.

In this episode, we explain why having good compliance is good for your organization’s business, profits, and ROI.

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

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Creativity and Compliance

Creativity and Compliance – Compliance Training: Completion Rates vs Engagement

Where does creativity fit into compliance?

In more places than you think. Problem-solving, accountability, communication, and connection—they all take creativity. Join Tom Fox and Ronnie Feldman on Creativity and Compliance, part of the award-winning Compliance Podcast Network.

Ronnie’s company, Learnings and Entertainment, utilizes the entertainment devices that people use to consume information in their everyday, non-work lives and applies them to important topics around compliance and ethics. It is not only about being funny. It is about changing the tone of your compliance communications and messaging to make your compliance program, policies, and resources more accessible. Today Ronnie and Tom rant about the fallacy of compliance training completion rates.

The importance of engagement over completion rates in compliance training programs is a topic that has been gaining traction in recent times. The traditional focus on completion rates is being challenged, with experts advocating for a shift towards more engaging and interactive training methods. Tom Fox, a seasoned compliance professional, argues that completion rates are not as important as many organizations perceive them to be. He believes that a singular focus on completion rates can lead to lackluster programs, and instead, engagement should be prioritized. Similarly, Ronnie Feldman, an expert in education and communication strategies, emphasizes that while completion rates have a role, they should not be the primary measure of success. Feldman advocates for a greater focus on engagement, arguing that without it, individuals are not truly learning or benefiting from the training.

Both Fox and Feldman’s perspectives are shaped by their extensive experience in the field, leading them to suggest that organizations should minimize the importance of completion rates and instead invest in initiatives that drive meaningful engagement.

 

Key Highlights:

  • Engaging Training for Effective Compliance Education
  • Interactive Training for Effective Compliance Programs
  • Engaging Micro Learning for Compliance Programs
  • Engaging Compliance Training with Fun Activities

Resources:

Ronnie

  • Learnings & Entertainments (Website)
  • Compliance Confessions – inspired by “Mean Tweets,” these 90-second commercials address misconceptions and excuses to promote the speak-up culture and the E&C team as positive and helpful.
  • E&C Training Jams – a soulful singer who banters with ethics & compliance, explaining policies, sharing examples, and debunking excuses. 
  • Tales from the Hotline – Real speak up-themed stories about workplace behavior gone wrong.
  • Workplace Tonight Show! – E&C meets SNL Weekend Update, explaining corporate risk topics and why employees should care.
  • 60-Second Communication & Awareness Shorts – A variety of short, customizable, music and multimedia, quick-hitter “commercials” promoting integrity, compliance, speaking up, and the E&C team as helpful advisors and coaches.
  • Custom Live & Digital Programing – Custom creative programming that balances the seriousness of the subject matter with a more engaging delivery. After all, you can’t bore people into learning.

Tom

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

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Great Women in Compliance

Great Women in Compliance: Rupert Evill on Prioritizing Employee Well-Being in Risk Management

Welcome to the Great Women in Compliance Podcast. How can you make risk management more relevant? In this episode, Hemma Lomax visits with Rupert Evill, a seasoned expert in human-centered risk management with a diverse background spanning over 50 countries and 30 sectors and a strong academic foundation in business, international relations, and sustainability.

Rupert’s perspective on human-centered risk management is deeply rooted in the importance of understanding and valuing the personal and human aspects of risk. He emphasizes the need to consider values, ethics, and beliefs when assessing and managing risks, and highlights the significance of empathy, compassion, and curiosity in the process. His belief is that making risk management relevant involves engaging with local perspectives and experiences, acknowledging the realities faced by individuals in different contexts, and building relationships based on mutual understanding and respect. This perspective has been shaped by his extensive experience in due diligence, intelligence gathering, and counter-espionage, as well as his work with mid-caps and SMEs through his company, Ethics Insight.

Key Highlights:

  • Strength-Based Approach to Ethical Risk Management
  • Enhancing Employee Engagement through Simplified Communication
  • Empathy-driven Approach to Addressing Systemic Challenges
  • Fostering Ethical Culture Through Employee Engagement
  • Strategic Alignment for Effective Compliance Functions
  • Individual-Focused Risk Mitigation Strategies
  • Fostering Psychological Safety for Informed Decision-Making
  • Practical Risk Management Strategies for Businesses

Resources:

Join the Great Women in Compliance community on LinkedIn here.

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Innovation in Compliance

Innovation in Compliance – Keith Laska – Bitcoin: Investment or Monetary System?

Innovation comes in many forms, and compliance professionals need to not only be ready for it but also embrace it. Today, I visited Keith Laska to talk about his work in the realm of bitcoin and as a blockchain educator.

Keith Laska, a professor at Fordham University and founder of learnbitcoin.io, says that Laska’s perspective on bitcoin is that it can serve as both an investment and a monetary system, depending on the individual’s location and use case.

In the United States, he sees bitcoin as a high-growth investment that can outpace inflation, while in countries with high inflation rates like Argentina, Turkey, or Lebanon, he views bitcoin as a more stable and reliable monetary system compared to their local currencies.

This dual perspective is shaped by his extensive experience and dedication to staying at the forefront of the evolving field of bitcoin and blockchain.

Key Highlights:

  • Evolution of Bitcoin from 2009 to ETFs
  • Blackrock’s Successful Spot Bitcoin ETFs Approval
  • Enhancing Compliance with Blockchain Contracts and AI
  • Fluency in Bitcoin: Educating Future Industry Professionals

Resources:

Keith Laska on LinkedIn 

Tom Fox

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FCPA Compliance Report

FCPA Compliance Report: Seth Whitelaw on Navigating Life Sciences Compliance

Welcome to the award-winning FCPA Compliance Report, the longest-running podcast in compliance. In this episode, Tom Fox welcomes Seth Whitelaw, who has worked in life sciences compliance for over 30 years.

Seth Whitelaw is a seasoned lawyer and compliance officer with a specialization in drug law, particularly within the life sciences industry. He has a unique perspective on regulatory guidance updates in healthcare compliance, shaped by his experiences in developing compliance programs and teaching law. Whitelaw believes that, despite technological advancements in healthcare compliance, the role of compliance officers remains crucial. He views them as a necessary check and balance within companies, akin to the role of government in society. Whitelaw emphasizes the importance of addressing industry criticisms and regulatory updates to prevent distractions and ensure companies can focus on their primary objectives. He is a strong advocate for compliance officers, recognizing their vital role in helping companies bring safe and effective products to market, thereby adding value to the companies they serve.

Key Highlights:

  • Tailored Compliance Consulting for Mid-Sized Companies
  • Evolutionary Alignment for Effective Compliance Programs
  • Data-Driven Healthcare Compliance Updates and AI Integration
  • Enhancing Life Science Compliance with AI

Resources:

Seth Whitelaw on LinkedIn

Whitelaw Compliance Group

Tom Fox

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

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Compliance Tip of the Day

Compliance Tip of the Day: Should We Stay or Go

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.

In this episode, we consider the basic decisions you have to make to stay, go, or do nothing if human rights abuses flare up in your supply chain.

For more information on Ethico and a free White Paper on top compliance issues in 2024, click here.