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Compliance Week Conference Podcast

Matt Silverman on Considerations When Operating in an Evolving Geopolitical Environment

In this episode of the Compliance Week 2023 Speaker Preview Podcasts series, Matt Silverman discusses some of his panel at Compliance Week 2023, “Considerations When Operating in an Evolving Geopolitical Environment.”

Some of the issues he will discuss in his presentation are:

  • How cross-functional professionals are structuring their risk assessment programs, benchmark best practices, and walk away with ideas to enhance their program;
  • Cohesive approaches to concurrent risk assessments; and
  • A discussion on the insourcing vs. outsourcing external assessments and weighing the pros and cons of each.

I hope you can join me at Compliance Week 2023. This year’s event will be May 15-17 at the JW Marriott in Washington, DC. The line-up of this year’s event is simply first-rate, with some of the 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 18th year, 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. And many others to:

  • Network with your peers, including C-suite executives, legal professionals, HR leaders, and ethics and compliance visionaries.
  • Hear from 75+ respected cross-industry practitioners who are CEOs, CCOs, regulators, federal officials, and practitioners to help inform and shape the strategic direction of your enterprise risk management program.
  • Hear directly from the two SEC Commissioners, gain insights into the agency’s enforcement areas, and walk away with guidance on remaining compliant within emerging areas such as ESG disclosure, third-party risk management, cybersecurity, cryptocurrency, and more.
  • Bring actionable takeaways from your program from various session types, including ESG, Human Trafficking, Board obligations, and many others, 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. Listeners of this podcast will receive a discount of $200 by using code TF200 on the link here.

Categories
Coming Conflict with China

Coming Conflict with China: Part 3 – Exports and Rebalancing the Global Economy

In the short span of the 21st Century, the world’s top powers, the United States and China, have moved inexplicably toward a showdown. This evolved from a commercial competition into something more akin to permanent non-kinetic warfare. What does this mean for US business doing business in and with China? In this special 5-part series, Tom Fox and Brandon Daniels, CEO of Exiger, a leading global third-party and supply chain management software company, explore issues diverse as a real danger, supply chain, exports, cyber-attacks, and IP theft from the business perspective and give the compliance and business executive their viewpoints on what you can do to not only prepare your company but protect it as well. In Part III, we consider issues related to US exports to China and markets for US products if the China market is closed off to US companies.

The US-China conflict is intensifying, and as a result, businesses that export to China are feeling the strain. US companies exported nearly $149 billion worth of goods to China, but China still exports over $400 billion to the US. Do these trade deficits still matter? What happens when your biggest customer is no longer available? How do you go about finding new markets and reshoring customers? Join us as we explore this and other export issues in Part 3 of this special five-part series.

Key Highlights:

1. The importance of balancing the US-China economic relationship in light of the current crisis.
2. How does a business consider customer location an existential risk?
3. The potential for global economic rebalancing through collaboration between democracies.

Notable Quote

“We have to figure out how to make this a global market and ensure that this doesn’t just become some sort of nationalistic retrenchment.”
Resources

Exiger

Tom Fox

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Other episodes in this Series:
Episode 1-From Potential Conflict to Real Danger

Episode 2-Supply Chain Issues

Categories
Daily Compliance News

March 2, 2023 – The All WSJ 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.

Stories we are following in today’s edition of Daily Compliance News:

  • Ericsson CCO leaves. (WSJ)
  • SW Airlines tries to save 4 minutes. (WSJ)
  • Huawei export licenses may be revoked. (WSJ)
  • More Glencore restitution was ordered. (WSJ)
Categories
Daily Compliance News

October 28, 2022 the Heads Roll Edition

In today’s edition of Daily Compliance News:

  • China created overseas police stations. (LATimes)
  • More export controls are coming on Chinese tech. (NYC)
  • KFC departs Russia. (Reuters)
  • Musk closes on Twitter. (WSJ)
Categories
Corruption, Crime and Compliance

Episode 228 – Update on Russia Sanctions and Export Controls


The continuing crisis in Ukraine has resulted in additional sanctions and export controls. It is hard to keep up with new developments each day. In recent steps, the United States has adopted a comprehensive set of export controls and implemented a ban on importing Russian oil, gas, and coal.
In this episode, Michael Volkov reviews the recent changes to Russia sanctions and export controls.

Categories
Corruption, Crime and Compliance

Episode 227 – The Russia Sanctions and Export Controls


In an unprecedented and sweeping set of actions, the United States has implemented a robust set of sanctions and export controls against Russia designed to cripple Russia’s economy in coordination with its allies and partners. The unprecedented actions against Russia are intended to deter Russia from continuing its violent invasion of Ukraine and attacks against the Ukrainian people. The Department of Treasury Office of Foreign Asset Control and the Department of Commerce Bureau of Industry and Security has issued comprehensive sanctions against Russia’s financial industry, government investment funds, and oligarchs. The Russian sanctions and export controls raise significant compliance challenges for the U.S. and global companies conducting business in Russia in scope and complexity.
In this episode, Michael Volkov surveys the sanctions and export controls.