Tag: The Compliance Handbook

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FCPA Compliance Report

Tom Fox on Best Seller TV – The Compliance Handbook, 2nd edition


Ed. Note-I was recently interviewed on Best Seller TV about my book, The Compliance Handbook: A Guide to Operationalizing Your Compliance Program, Second Edition. This video of the interview appears with the permission of Best Seller TV.

On this episode of Best Seller T,V Tom Fox, author of The Compliance Handbook: A Guide to Operationalizing Your Compliance Program, Second Edition, addresses what best practices can be put in place for companies to run more efficiently and generate more profits. Fox, who began working in the compliance industry in 2007, was a lawyer by trade, but felt compelled to switch careers because he saw an opportunity to help make a difference and help corporations be more efficient. Fox says the United Nations estimates that $3 trillion are lost annually to corruption. He saw the opportunity to help corporations build first-class best practice compliance programs by complying with the law and run the business side a lot smoother.

Compliance is setting up systems, processes, and procedures that comply with a law and/or regulation. With laws constantly changing, Fox wrote the second edition of the book to instruct readers on the latest compliance laws that might affect them on a regular basis. Since his first edition in 2018, there has been a 40 percent change in laws, especially after the SEC and the Department of Justice made significant changes to the Foreign Corrupt Practices Act. The pandemic also helped exacerbate many more changes.

The book is for a wide variety of readers, starting with compliance professionals, laying out a blueprint on how to build world-class compliance programs or enhance currently existing programs. The book is also for c-suite and senior executives to help educate them on the benefits of compliance and how to stay out of trouble. The compliance industry has evolved significantly in the last decade or so. Fox adds that right now, the industry is more data-driven and, “When you have data, you can actually improve business efficiency.” He continues to say that the backbone of compliance is internal controls, which are financial controls, but are not often called that. If you look at them from a compliance perspective and tweak them enough to have both controls, you can make enough headroom in making a company run more efficiently, leading to greater profitability.

Categories
Fraud Eats Strategy

Operationalizing Compliance

Today’s episode features special guest Tom Fox, founder of the Compliance Podcast Network and Author of The Compliance Handbook: A Guide to Operationalizing Your Compliance Program. Our discussion focuses on the guidance compliance officers can use as a roadmap when architecting their ethics and compliance programs and anti-bribery and corruption compliance programs.

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Join us each week as we take a deep dive into the various forms of fraud across the world and discuss crime families, penny stock boiler rooms, international money launderers, narco-traffickers, oligarchs, dictators, warlords, kleptocrats and more.

Scott Moritz is a leading authority on white-collar crime, anti-corruption, and in the evaluation, design, remediation, implementation, and administration of corporate compliance programs, codes of conduct. He is also considered an authority in the establishment, training, and oversight of the investigative protocols carried out by financial intelligence, corporate security, and internal audit units.
 

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This Week in FCPA

Episode 260 – the Compliance Handbook, 2nd edition


As Tom celebrates the release of The Compliance Handbook, 2nd edition, he and Jay are back to take a look at this week’s stories top compliance and ethics stories which caught their interest on This Week in FCPA in the Trump Organization Indicted edition.
Stories

  1. The Compliance Handbook, 2nd edition is released. Learn about it here. Purchase it here.
  2. Four ways to update you ABC compliance program right now. Ann-Maire Zell in the FCPA Blog.
  3. John Wood Group DPA with SFO. Tom has a 2-part series on the FCPA Compliance Report. Part 1-deplorable conduct and Part 2-lessons learned.
  4. Alex Cotoia takes a deep dive into the EU Whistleblower Directive in a 4-part series. On Compliance Crime and Corruption.
  5. Emerging trends in 3rd Party Risk Management. Jaclyn Jaeger in Compliance Week (sub req’d)
  6. Mengqi Sun interviews Sherron Watkins in the WSJ Risk and Compliance Journal.
  7. Anti-trust concerns at the Board level. Elizabeth Ising, Stephen Weissman, Cassandra Tillinghast and Chris Wilson in NYU Compliance and Enforcement Blog.
  8. How to avoid buying a FCPA issue. Valerie Charles, Jamen Tyler and Robert Johnston in CCI.
  9. Compliance on the inside v. outside. Amy Landry in CCI.
  10. Compliance officers are disciplinarians (at times). Dick Cassin in the FCPA Blog.

Podcasts and Events

  1. How does history inform compliance? What are the leadership lessons from ancient Greeks and Romans? Find out in this special 10 part podcast series on famous Greeks and Romans from Plutarch’s Lives this week on 12 O’Clock High, a podcast on business leadership, hosted by Richard Lummis and Tom Fox. In Episode 5, they mined Plutarch about the lives of and leadership lessons from the Greek Epaminondas and the Roman Scipio Africanus.
  2. A new month on The Compliance Life! In July I visit with Asha Palmer, CECO at Convercent. In Episode 1, from Claire Huxable to the DOJ.
  3. Tom premiers a new podcast, Greetings and Felicitations. In the inaugural episode, CPN fan fav Dr. Ben Locwin is back to discuss the current state of the Covid-19 pandemic and where we might be headed.
  4. Trekking Through Compliance Returns! Tom reviews all 79 episodes of Star Trek, the Original Series beginning June 1. Each day at 3 PM on the Compliance Podcast Network. This week’s offerings included The Apple, The Doomsday Machine, Catspaw, I, Mudd and Metamorphosis.
  5. On July 13, join K2 Integrity for its Virtual Compliance Conference on Environment, Social, and Governance Compliance Risks for Financial Institutions. Information and Registration here.
  6. Join Tom, Asha Palmer and Stephen Martin for a coming out webinar for The Compliance Handbook, 2nd We will focus on 3rd party risk management. Attendees will receive a special article and offer. Best of all, it’s at no charge. Details and registration here.

Tom Fox is the Voice of Compliance and can be reached at tfox@tfoxlaw.com. Jay Rosen is Mr. Monitor and can be reached at jrosen@affiliatedmonitors.com.

Categories
Great Women in Compliance

Tom Fox on The Compliance Handbook, 2nd edition


Welcome to the Great Women in Compliance Podcast, co-hosted by Lisa Fine and Mary Shirley.
For those of you who do not know the origin of the Great Women in Compliance podcast, put simply, we are not sure if this podcast would have started without the support and guidance of Tom Fox.  He is known as the Compliance Evangelist and has been that and more to so many in our field.
We have wanted to include him as a guest on the podcast, and this turned out to be the perfect time as he is about to release an update of the Compliance Handbook, 2nd edition (LexisNexis) which pulls off the trick of being a practical how-to guide while also including nuanced analysis of the law and regulations.
Mary and Lisa are both a part of this special interview, where Tom discusses the handbook as well as his experience in building the Compliance Podcast Network and how he keeps up-to-date with so much going on in our space.  He also discusses what advice he would give to new compliance practitioners.
Listeners to this podcast can received PreSale discount of 25% is available for presale purchase. Use the code FOX25 for the presale discount and go here for more information and to order The Compliance Handbook 2nd edition. It  will be available in both print and eBook editions. It will be published in April 2021.
 
You can subscribe to the Great Women in Compliance podcast on any podcast player by searching for it and we welcome new subscribers to our podcast.
Lisa and Mary have extended the Great Women in Compliance brand to the book “Sending the Elevator Back Down: What We’ve Learned from Great Women in Compliance” (CCI Press, 2020) which can be found on Amazon and features valuable wisdom and advice from Great Women in Compliance across the world.
If you’ve already read the booked and liked it, will you help out other women to make the decision to leverage off the tips and advice given by rating the book and giving it a glowing review on Amazon?
As always we are so grateful for all of your support and if you have any feedback or suggestions for our 2021 line up, or would just like to reach out and say hello, we always welcome hearing from our listeners.
Join the Great Women in Compliance community on LinkedIn here.