CSBS Archives - Compliance Podcast Network

2 Gurus Talk Compliance – Episode 44 – The Snow in Texas Edition

What happens when two top compliance commentators get together? They talk compliance, of course. Join Tom Fox and Kristy Grant-Hart in 2 Gurus Talk Compliance as they discuss the latest compliance issues in this week’s episode!

Stories this week include:

Former Wells Execs Fined Millions (Radical Compliance)
Another Example of Weak Governance (Radical Compliance)
Can a Computer Learn to Speak Trader? (WSJ)
Florida Chipotle worker installed tracking device on ex-fling’s car in hopes he would ‘run into’ her: complaint (NY Post)
Wells Fargo banks on (Not) risky business. (PYMNTS.com)
What is forced labor? (BBC)
KPMG will open a US law firm in AZ. (Reuters)
Return To Office compliance. (Bloomberg)
What is the Conference of State Bank Supervisors, and why is fining Block $80MM?(CSBS)
10 Workplace Trends for 2025: What’s In and What’s Out? (Gensler)

Resources:

Kristy Grant-Hart on LinkedIn

Tom

Compliance into the Weeds: The CSBS and State-Level Enforcement Actions in AML

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 more fully. Are you looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this Compliance into the Weeds episode, Tom Fox and Matt Kelly explore a significant enforcement action by the Conference of State Bank Supervisors (CSBS) against Block Inc.

They discuss the CSBS’s role as a collective of state banking regulators, the reasons behind the $80 million fine imposed on Block, and the extensive compliance reforms the company must implement, including appointing an independent consultant. They consider the broader implications of state-level enforcement actions in areas like anti-money laundering and data privacy, especially in light of potential shifts in federal regulatory priorities. Matt and Tom consider how compliance professionals can adapt by bolstering transparency, forming compliance committees, and staying abreast of the evolving regulatory landscape.