Tag: compliance

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Innovation in Compliance

Innovation in Compliance: Arthur Mueller on Harnessing AI to Transform Financial Crime Compliance

Innovation comes in many forms, and compliance professionals need to not only be ready for it but also embrace it. In this episode, Tom Fox visits with Arthur Mueller, a thought leader in compliance and financial crime prevention. We take a deep dive into the topic of financial crime prevention and the use of generative AI in this edition of Innovation in Compliance.

Arthur Mueller has over 20 years of experience in anti-financial crime programs across various institutions. He explains his current role at WorkFusion, where he leverages AI and machine learning to enhance compliance programs. The discussion encompasses the evolution of AML practices, the role of digital workers like Tara in automating routine tasks, and the benefits of AI in improving risk management, efficiency, and worker satisfaction in financial services. Arthur provides real-life examples of how AI can help mitigate risks, streamline operations, and enhance employee productivity and retention.

Key Highlights

  • Evolution of AML and Financial Crime Programs
  • WorkFusion’s Role in Financial Crime Prevention
  • Digital Workers and AI in Compliance
  • Adverse Media Screening and Automation
  • Introducing Tara: The Digital Payment Screening Analyst
  • The Future of AI in Financial Crime Compliance

Resources:
Arthur Mueller on  LinkedIn

WorkFusion

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Trekking Through Compliance

Trekking Through Compliance – Episode 37 – Ethical Decision-Making Lessons and the Return of Harry Mudd in I, Mudd

In this episode of Trekking Through Compliance, we consider episode I, Mudd, which aired on November 3, 1967, and occurred on Star Date 4513.3.

The Enterprise finds Harry Mudd (Harcourt Fenton Mudd) on a planet and the “ruler” of 500 robot women. Mudd is being studied by the robots, who are accommodating but refuse to let him go. The androids tell Kirk people from the Andromeda galaxy built them. However, the civilization that constructed them was destroyed by a supernova, so the androids were left without supervision. Now, they have found a new purpose in Mudd. Spock makes inquiries and discovers that there are 207,809 androids, and, most importantly, they seem to be controlled by some central coordinating power.

The robots find people too destructive and plan to take over and “serve” all humans in the galaxy to control them. Kirk leaves Harry on the planet with his attendant robots to serve as an example of human failure to them. The robots are also reprogrammed to perform their original task of rendering the planet fit for human life. As a final blow to Mr. Mudd, Kirk also leaves behind several android copies of his shrewish wife, Stella.

Commentary

The episode features the return of Harcourt Fenton Mudd, who hijacks the Enterprise and takes it to a planet of robots. The crew must outwit the androids using illogical actions to regain control. We delve into the episode’s ethical lessons and connect them to compliance practices, emphasizing the importance of ethical decision-making, ethical leadership, and continuous improvement in compliance programs. Fun fact: NBC considered a spin-off series for Harry Mudd due to the episode’s success, although it never came to fruition.

Key Highlights

  • Plot Summary: The Hijacking and Mudd’s Rule
  • The Androids’ Purpose and Kirk’s Plan
  • The Climax: Overloading the Androids
  • Ethical Decision-Making in Compliance

Resources

Excruciatingly Detailed Plot Summary by Eric W. Weisstein

MissionLogPodcast.com

Memory Alpha

 

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FCPA Compliance Report

FCPA Compliance Report: Jonathan Armstrong on Sweeping Changes in The UK Government: Insights on Compliance

Welcome to the award-winning FCPA Compliance Report, the longest running podcast in compliance. In this edition of the FCPA Compliance Report, Tom Fox welcome Jonathan Armstrong to discuss the seismic shift in the UK’s political landscape following the election last week.

The election was literally one for the ages. It led to a significant Labor victory over the Conservatives. They delve into the implications for compliance and governance in both the UK and globally. Topics include the new government’s proactive approach, anticipated shifts in bribery enforcement, and fiscal policies.

They also explore potential changes in AI regulation, employment law, data protection, and international relations, especially concerning Russia and China. The conversation highlights Labor’s balanced strategy, aiming for sensible, centrist policies while addressing key issues like corruption, AI, and data privacy.

Highlights in this Episode:

  • An election result for the ages
  • Impact on Bribery and Corruption Enforcement
  • Trade Sanctions, Russian Oligarch’s and Forced Labor
  • AI and Beyond
  • Data Privacy and Data Protection
  • Labor and Employment Rights

 Resources:

Jonathan Armstrong on LinkedIn

UK General Election 2024 – What Might This Mean for Compliance?

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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: HR Touchpoints for 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.

In today’s episode, we begin an exploration of how HR can assist in the operationalization of compliance through its number of employee touchpoints.

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

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Principled Podcast

Principled Podcast: S11E7 | Fortifying Ethical Frameworks: Navigating Emerging Risks in the Middle East

Amid the escalating severity and frequency of new risks worldwide, Ethics and Compliance (E&C) initiatives are doubling down on efforts to mitigate these risks. This critical focus is underscored in LRN’s latest 2024 Ethics & Compliance Program Effectiveness Report, which draws insights from over 1,400 E&C professionals globally. Our findings reveal that values-driven programs not only prove most effective but also exhibit a robust correlation with risk reduction and enhanced business outcomes. In light of this evolving risk landscape, how are E&C programs in regions such as the Middle East adapting? Furthermore, what do the everyday practices of global best standards entail for programs operating within this region?

In this episode of the Principled Podcast, host Eric Morehead is joined by Elvis Angyiembe, the co-founder of the Middle East and Africa Compliance Association (MEACA). Elvis joined us last season to discuss the E&C priorities of companies in the Middle East. Today, they discuss key findings from the global edition of the 2024 Ethics & Compliance Program Effectiveness Report and how they apply to programs in that region.

Guest: Elvis Angyiembe

Principled Podcast - Season 11 Episode 7 featuring Elvis Angyiembe MEACA - Episode Cover

Elvis Angyiembe is co-founder and co-chair of the Middle East and Africa Compliance Association (MEACA). He has experience working for multinational companies, helping them manage significant legal and compliance matters. He has supported three companies under deferred prosecution agreements with the US Department of Justice. He has lived in Cameroon, Germany, the US, South Africa, and Dubai. He holds a Juris Doctorate (JD) from Thurgood Marshall School of Law in Houston, Texas, and a bachelor’s degree in criminology from the University of Maryland in College Park, Maryland.

Host: Eric Morehead

Headshot_Principled Podcast_Eric Morehead

Eric Morehead is a member of LRN’s Advisory Services team and has over 20 years of experience working with organizations seeking to address compliance issues and build effective compliance and ethics programs. He conducts program assessments and examines specific compliance risks, drafts compliance policies and codes of conduct, works with organizations to develop and improve compliance processes and tools, and provides live training for Boards of Directors, executives, managers, and employees.

Eric ran his consultancy for six years, advising clients on compliance program enhancements and assisting in creating effective compliance solutions.

Eric was formerly the Head of Advisory Services for NYSE Governance Services, a leading compliance training organization. In this position, he was responsible for all aspects of NYSE Governance Services’ compliance consulting arm.

Before joining NYSE, Eric was an Assistant General Counsel of the United States Sentencing Commission in Washington, DC. Eric served as the policy team chair that amended the Organizational Sentencing Guidelines in 2010.

Eric also spent nearly a decade as a litigation attorney in Houston, Texas, where he focused on white-collar and regulatory cases and represented clients at trial and before various agencies including SEC, OSHA, and CFTC.

Get a copy of the Global edition of LRN’s 2024 Ethics & Compliance Program Effectiveness Report.

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Trekking Through Compliance

Trekking Through Compliance – Episode 33 – Mirror Mirror

In this episode of Trekking Through Compliance, we consider the episode Mirror Mirror, which aired on October 6, 1967, Star Date unknown.

During an ion storm, the Away Team is transported into a parallel universe and a mirror image of the Enterprise. There, they find members who are mirror images of themselves and belong to an evil Federation known as the Empire. Kirk, Uhura, McCoy, and Scotty impersonate their mirror-image counterparts while finding a way to return to their universe.

Discovering that a switch has occurred, anti-Spock then assists Kirk in returning his landing party to their universe so that the Empire landing party may return to its. When Kirk and the party return, they find their Empire counterparts immediately recognized and detained. The Enterprise’s crew attributes this to the fact that it is easier for logical men to appear barbarous than for barbarous men to appear civilized.

Commentary

In this episode of ‘Trekking Through Compliance,’ Tom Fox delves into the Star Trek original series episode ‘Mirror, Mirror.’ The episode aired on October 6, 1967, and involved Captain Kirk and his team being transported to a parallel universe with an evil version of the Enterprise. The narrative unfolds with themes of power struggles, ethical contrasts, and survival. Tom extracts crucial compliance lessons from the story, including the importance of strict access controls, fostering a culture of ethics and compliance, rigorous oversight, planning for contingencies, and encouraging a culture of speaking up. These lessons are vital for building robust compliance programs. Tune in to discover how ‘Star Trek’ can offer valuable insights into modern compliance challenges.

Key Highlights

  • Episode Synopsis: Mirror, Mirror
  • Fun Facts and Behind the Scenes
  • Compliance Lessons from Mirror, Mirror

Resources

Excruciatingly Detailed Plot Summary by Eric W. Weisstein

MissionLogPodcast.com

Memory Alpha

 

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Trekking Through Compliance

Trekking Through Compliance – Episode 32 – Leadership Lessons from The Changeling

In this episode of Trekking Through Compliance, we consider the compliance lessons from the episode The Changeling, which aired on September 29, 1967, and occurred on Star Date 3451.9.

The Enterprise encounters a probe that identifies itself as Nomad. The probe believes that Kirk is its creator. Nomad says its mission is to destroy anything imperfect, including humans.

Kirk confronts Nomad, telling him his contempt for biological units is illogical since its creator is biological. Kirk then gets Nomad to admit that everything must be sterilized, which is in error. While attempting to consider the situation, Nomad is beamed into space. It is caught in a logic loop while trying to analyze its errors and finally self-destructs to “sterilize” its imperfections.

Commentary

In this episode of Trekking Through Compliance, Tom Fox explores the Star Trek original series episode ‘The Changeling’ and its valuable leadership and compliance lessons. Upon responding to a distress call, the USS Enterprise encounters the rogue space probe Nomad, which mistakes Captain Kirk for its creator and poses a deadly threat to the crew. Kirk navigates this crisis through strategic thinking and emotional intelligence, highlighting essential leadership skills. The episode also features noteworthy scenes, including one where Uhura speaks Swahili, leading to an insightful discussion on leadership takeaways such as empathy, situational awareness, adaptability, and balancing compassion with pragmatism.

Key Highlights

  • The Distress Call and Encounter with Nomad
  • Nomad’s Mission and Kirk’s Dilemma
  • The Final Confrontation with Nomad
  • Leadership Lessons from the Episode

Resources

Excruciatingly Detailed Plot Summary by Eric W. Weisstein

MissionLogPodcast.com

Memory Alpha

 

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Trekking Through Compliance

Trekking Through Compliance – Episode 31 – Who Mourns for Adonais?

In this episode of Trekking Through Compliance, we consider the episode Who Mourns for Adonais?, which aired on September 22, 1967, with a Star Date of 3468.1.

While approaching Pollux 4, an energy field shaped like a giant green hand stops the Enterprise dead in space, and an apparition wearing a laurel wreath appears. The apparition addresses the crew as his “children” and congratulates them for venturing forth from the hills and valleys of Earth. The apparition invites Kirk and a landing party to visit, excluding Spock.

The landing party discovers a humanoid who identifies as the Roman god Apollo. Apollo says he and the other gods left after the ancient people of Earth stopped worshipping them. Even the immortal gods weaken without worshippers, and all but Apollo have “spread themselves to the wind” and faded away.

Although Carolyn is in love with Apollo, she puts her duty ahead of herself when acting on Kirk’s instructions; she rejects him to weaken him. Apollo’s power is destroyed when his energy source in the temple is located and blasted out of existence by the Enterprise’s phasers. A sorrow-stricken Apollo appeals to the other gods to take him away now that he realizes there is no room for gods anymore.

Commentary

The storyline teaches lessons in compliance, particularly regarding the roles of investigations, the importance of senior management’s tone, and an organization’s true incentives. The episode also explores religious themes and presents a unique twist on spiritual worship and its evolution up to contemporary times.

Key Highlights

  • Story Synopsis: The Encounter with Apollo
  • Apollo’s Demands and the Crew’s Struggle
  • Lieutenant Palamas’ Dilemma and the Crew’s Plan
  • Fun Facts and Controversial Elements
  • Religious Themes and Interpretations

Resources

Excruciatingly Detailed Plot Summary by Eric W. Weisstein

MissionLogPodcast.com

Memory Alpha

 

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Trekking Through Compliance

Trekking Through Compliance – Episode 30 – Compliance and HR Lessons from Amok Time

In this episode of Trekking Through Compliance, we consider the episode Amok Time, which aired on September 15, 1967, with a Star Date of 3372.7.

Spock begins to request that he be granted leave on his home planet, Vulcan, which is given.

Spock must explain that he is undergoing pon farr, a condition male Vulcans experience periodically throughout their adult lives and must mate or die. Kirk contacts Starfleet to request permission to divert to Vulcan but is denied. Kirk disobeys orders, believing saving his friend’s life is more important than his career.

On Vulcan, Spock invites Kirk and McCoy to accompany him to the wedding ceremony. However, his mate, T’Pring, demands the kal-if-fee, a physical challenge between Spock and a champion she selects. To everyone’s surprise, she chooses Kirk. Kirk accepts the challenge, only to learn it is “to the death.”

Spock will eventually garrot Kirk. McCoy rushes to Kirk’s body, declares him dead, and requests immediate transport back to the Enterprise. Aboard the ship, Spock announces his intent to resign his commission and submit himself for trial for killing Kirk when he discovers Kirk is alive and well in sickbay. McCoy explains that the injection he gave Kirk was a neuro-paralyzer drug that merely simulated death.

Commentary

The story centers on Spock’s severe physical and psychological distress due to the Vulcan mating cycle, Pon Far. Key compliance and HR themes are explored, including managing employee well-being, accommodating diverse cultural needs, balancing duty with personal obligations, ethical decision-making, effective communication, promoting a supportive culture, and succession planning. The episode offers valuable insights for building a compliant and inclusive workplace and previews the next discussion on ‘Who Mourns for Adonis?’.

Key Highlights

  • Story Synopsis
  • Fun Facts and Firsts
  • Compliance and HR Lessons

Resources

Excruciatingly Detailed Plot Summary by Eric W. Weisstein

MissionLogPodcast.com

Memory Alpha

 

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Trekking Through Compliance

Trekking Through Compliance – Episode 28 – City on the Edge of Forever

In this episode of Trekking Through Compliance, we consider the most beloved TOS episode of all time, City on the Edge of Forever, which aired on April 6, 1967, Star Date 3134.

In investigating ripples in time, Kirk and Spock are sent back to 1930s Earth to find Dr. McCoy, who has altered time. They meet Edith Keeler, head of the food kitchen, which is the focal point of this change. Kirk falls in love with Keeler, and from her, he learns that McCoy is in town and then immediately sees Bones across the street. Despite his love for Edith Keeler, Kirk holds Bones back to prevent him from saving Keeler as she crosses the street in front of a truck.

The past is returned to what it had been before, and Kirk, Spock, and McCoy return to the planet of the Guardian, where their landing party has been waiting, but for only a few seconds in real-time. Communications with the Enterprise are restored, and when the Guardian asks if anyone else desires to make a journey in time, Kirk responds, “Let’s get the hell out of here.”

Commentary

Originally aired on April 6, 1967, the Episode revolves around dramatic events Dr. McCoy caused after he accidentally altered the past. Fox highlights key compliance lessons from the Episode, including the importance of strict policy enforcement, balancing rules with ethical considerations, promoting transparency, comprehensive risk mitigation, fostering ethical decision-making, and empowering employee concerns. Fox emphasizes how these lessons can help organizations develop more robust, transparent, and ethically grounded compliance frameworks.

Key Highlights

  • Plot Summary of ‘City on the Edge of Forever’
  • Key Moments and Characters
  • Fun Facts and Behind the Scenes
  • Compliance Lessons from the Episode

Resources

Excruciatingly Detailed Plot Summary by Eric W. Weisstein

MissionLogPodcast.com

Memory Alpha