Tag: fraud

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2 Gurus Talk Compliance

2 Gurus Talk Compliance – Episode 65 – The This Is Nuts 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! ABC protests topple the Bulgarian government, a French tennis player is suspended for 20 years over corruption, a UM coach is fired over an affair with a staffer, and Trump puts the DOJ in a no-win position over Warner Bros.

Stories this week include:

  • NY state could be a battleground for AI regulation. NYT
  • Massive fraud in aircraft parts uncovered in the UK. TheTimes
  • Switzerland charges Credit Suisse over Tuna Bond fraud. ACAMS
  • Former Labour PM convicted of corruption in Bangladesh. Independent
  • Lane Kiffin should be nowhere near Ole Miss football. WSJ
  • U.S. Supply Chains Deemed Vulnerable to Chinese Exploitation – WSJ
  • Europe Aimed to Set Standards for Tech Rules; Now It Wants to Roll Them Back – WSJ
  • Campbell Soup executive called its products food for “poor people,” lawsuit claims – CBS News
  • I Made an Offensive Joke. But So Did Everyone Else! Why Did I Get Fired? – NYT
  • Florida Man Stops Paying for Rental Car, Uses It to Give Uber Rides – FloridaMan.com

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Innovation in Compliance

Innovation in Compliance: Advancements in AI Technology for Fraud Prevention Strategies with Jack Yu

Innovation occurs across many areas, and compliance professionals need not only to be ready for it but also to 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, host Tom welcomes Jack Yu from Experian Innovation Lab.

Jack plays a crucial role in advancing the use of artificial intelligence in compliance. With over 10 years of experience, Jack has been pivotal in integrating AI to streamline and enhance compliance processes, particularly through his practical experience with technologies such as ChatGPT. He believes that generative AI is poised to have a significant impact on compliance, particularly by strengthening fraud-prevention measures against increasingly sophisticated attacks. Jack emphasizes the importance of transparency, responsibility, and trust in AI innovation, ensuring that these technologies not only improve decision-making processes but also safeguard customer data effectively.

 

Key highlights:

  • Transforming Compliance Practices with Artificial Intelligence
  • Responsible AI Agent Deployment for Financial Assistance
  • Transparent Collaboration for Usable AI Implementation
  • Building Trust Through Transparent AI Practices
  • Advancing Fraud Prevention with AI Technology

Resources:

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Innovation in Compliance was recently ranked 4th among Risk Management podcasts by 1,000,000 Podcasts.

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AI Today in 5

AI Today in 5: December 8, 2025, The AI in Battling Edition

Welcome to AI Today in 5, the newest edition of the Compliance Podcast Network. Each day, Tom Fox will bring you 5 stories about AI to start your day. Sit back, enjoy a cup of morning coffee, and listen in to AI Today In 5. All, from the Compliance Podcast Network. Each day, we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest about AI.

Top AI stories include:

  1. Banks are battling fraud with AI. (FinTech Magazine)
  2. Principles to Secure Integration of Artificial Intelligence in Operational Technology. (CISA.gov)
  3. Apple exec exodus. (Yahoo Finance)
  4. AI-powered PCs do not share in the cloud. (Fortune)
  5. Insurers accelerate AI rollout. (FinTechGlobal)

For more information on the use of AI in Compliance programs, my new book, Upping Your Game, is available. You can purchase a copy of the book on Amazon.com.

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Daily Compliance News

Daily Compliance News: December 5, 2025, The White Collar Criminal Enterprise 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 in 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.

Top stories include:

  • The US lost over $29bn to fraud, waste, and abuse in Afghanistan. (USAToday)
  • The FTC orders Boeing to divest an asset as part of the merger. (WSJ)
  • EU considers interim measures against Meta. (Reuters)
  • How far from Earth has executive comp gone? (FT)

The Daily Compliance News has been honored as No. 2 in the Best Regulatory Compliance Podcasts category.

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Daily Compliance News

Daily Compliance News: December 3, 2025, The COI Comes to Football 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 in 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.

Top stories include:

  • Lane Kiffin should be nowhere near Ole Miss football. (WSJ)
  • Police detain former EU top diplomat. (FT)
  • SEC Chair gives another swop to businesses over investors. (Reuters)
  • Prophecy fraud and classified information. (Bloomberg)

The Daily Compliance News has been honored as No. 2 in the Best Regulatory Compliance Podcasts category.

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Daily Compliance News

Daily Compliance News: December 2, 2025, The Tuna Bond Fraud 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 in 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.

Top stories include:

  • Massive fraud in aircraft parts uncovered in the UK. (The Times)
  • Switzerland charges Credit Suisse over Tuna Bond fraud. (ACAMS)
  • Corruption scandals impact the Chinese Army. (Reuters)
  • Former Labour MP convicted of corruption in Bangladesh. (Independent)

The Daily Compliance News has been honored as No. 2 in the Best Regulatory Compliance Podcasts category.

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Daily Compliance News

Daily Compliance News: November 19, 2025, The Accountability 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 in 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.

Top stories include:

  • Supply Chains are vulnerable to Chinese exploitation. (WSJ)
  • The fraud case against Adani is in limbo. (NYT)
  • French police raid Altice re: corruption allegations. (Bloomberg)
  • Hold tech companies accountable for fraud. (FT)

The Daily Compliance News has been honored as the No. 2 in the Best Regulatory Compliance Podcasts category.

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10 For 10

10 For 10: Top Compliance Stories For the Week Ending, November 15, 2025

Welcome to 10 For 10, the podcast that brings you the week’s top 10 compliance stories in one episode each week. Tom Fox, the Voice of Compliance, brings to you, the compliance professional, the compliance stories you need to be aware of to end your busy week. Sit back, and in 10 minutes, hear about the stories every compliance professional should be aware of from the prior week. Every Saturday, 10 For 10 highlights the most important news, insights, and analysis for the compliance professional, all curated by the Voice of Compliance, Tom Fox. Get your weekly filling of compliance stories with 10 for 10, a podcast produced by the Compliance Podcast Network.

This week’s stories include:

  • Right-wing EU lawmakers want a corruption inquiry opened. (Politico)
  • FinTech fraud scandal in Germany. (Bloomberg)
  • The $1tn Man tells workers 2026 will be the ‘hardest year’. (BusinessInsider)
  • Top Ukrainian energy ministers resign. (AP)
  • How China Evaded Sanctions to Obtain Chips. (WSJ)
  • Stupid is as stupid does-all South Korean visas in GA reinstated. (NYT)
  • Ex-Glencore staff all plead not guilty. (Bloomberg)
  • Pitch rigging in baseball brings indictments. (ESPN)
  • Corruption saps growth in the Philippines. (Bloomberg)
  • The Trump Administration blocks Gunvor’s takeover of Russia’s energy assets. (WSJ)

You can check out the Daily Compliance News for four curated compliance and ethics-related stories each day, here.

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Daily Compliance News

Daily Compliance News: November 12, 2025, The $200 Bet Limit Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance brings to you compliance related stories to start your day. Sit back, enjoy a cup of morning coffee and listen in 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.

  • Right-wing EU lawmakers want a corruption inquiry opened.(Politico)
  • FinTech fraud scandal in Germany. (Bloomberg)
  • When a promotion feels like punishment. (Forbes)
  • MLB and Sports Books agree to $200 limit on pitch bets. (ESPN)

The Daily Compliance News has been honored as the No. 2 in Best Regulatory Compliance Podcastscategory.

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Compliance Into the Weeds

Compliance into the Weeds: The Atlanta Hawks Scandal: Lessons in Financial Misconduct

The award winning, Compliance into the Weeds is the only weekly podcast which 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 of Compliance into the Weeds, Tom Fox and Matt Kelly discuss the basics of fraud prevention with headlines torn from the NBA and a FinServ enforcement action.

The embezzlement scandal at the Atlanta Hawks has drawn attention to critical weaknesses in corporate governance and internal control systems, serving as a cautionary tale for organizations everywhere. They view the scandal as a glaring example of the consequences of neglecting internal controls and the segregation of duties, where an executive, Leslie Jones, exploited their finance role to embezzle funds for personal indulgences. His experience underscores the value of routine audits, which, despite their perceived monotony, are essential for uncovering fraud. Meanwhile, Matt is equally concerned, focusing on the need for robust internal controls and the principle of least privilege, warning against granting excessive access to employees to prevent misuse of power and safeguard organizational integrity.

Key Highlights

  • Lessons from Atlanta Hawks Fraud Case
  • Least Privilege Access for Preventing Financial Fraud
  • Financial Data Examination for Fraud Detection
  • Executives’ Lavish Misconduct: Lessons in Ethics

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A multi-award winning podcast, Compliance into the Weeds was most recently honored as one of a Top 25 Regulatory Compliance Podcast and a Top 10 Business Law Podcast, and a Top 12 Risk Management Podcast. Compliance into the Weeds has been conferred a Davey, Communicator and w3 Award, all for podcast excellence.