Compliance into the Weeds

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. In this episode Matt and Tom go into the weeds to look at some of the compliance issues that collaboration tools raise in the WFH era. Some of the issues we consider are: How do you assess the risks of collaboration tools? Does it matter only to regulated industries or all commercial operations? What can compliance do to manage the risk? When is training a better risk management tool than internal controls? Do you know your archiving status? ResourcesSee Matt’s blog posts on Radical Compliance-Compliance Risks and Collaboration Tools Learn more about your ad choices. Visit megaphone.fm/adchoices

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. In this episode Matt and Tom go into the weeds to look at the recent initiative of the Department of Education to go after Princeton University for diversity training which Trump says is “Anti-American propaganda” and the release of the FinCen papers. Some of the issues we consider are:  What is the Trump Administration up to? Will white nationalism be the order of the day if Trump wins? Why does impact compliance professionals? What are the FinCen papers? Why was their release so devastating to the Administration? ResourcesSee Matt’s blog posts on Radical ComplianceBoom: The FinCen Files are HereTrump Administration Targets Princeton for Diversity Learn more about your ad choices. Visit megaphone.fm/adchoices

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. In this episode Matt and Tom go into the weeds to look the recently announced Herbalife FCPA enforcement action. Some of the issues we consider are:  Why were the facts so egregious? How high up in the organization did the corruption scheme go? Why was the Board’s performance so abysmal? Was the head of Internal Audit in on the bribery scheme? What was the role of short-sellers in bringing this massive fraud to light? ResourcesSee Matt’s blog posts on Radical ComplianceHerbalife Pays $123M on FCPA Charges See Tom’s 3-part blog post series on the FCPA Compliance and Ethics BlogThe Herbalife FCPA Enforcement Action, Part 1The Herbalife FCPA Enforcement Action, Part 2The Herbalife FCPA Enforcement Action, Part 3 Learn more about your ad choices. Visit megaphone.fm/adchoices

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. In this episode Matt and Tom go into the weeds to look at two recent pronouncements by FinCen on customer and PEP due diligence. We ask the question: Is the Guidance so vague as to actually hurt the efforts of a compliance practitioner.  ResourcesSee Matt’s blog posts on Radical ComplianceRegulators Talk PEPs and Due DiligenceFinCen Gives Guidance, Says Little Learn more about your ad choices. Visit megaphone.fm/adchoices

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. In this episode Matt and Tom go into the weeds to look at the first Cybersecurity breach case brought by the state of New York’s Department of Financial Services. Some of the highlights include: What is the DFS? What is Reg 500, Cyber Rules? What were the First American comedy of errors? CISO disavowed ownership of the issue, stating, among other reasons, that such controls were not the responsibility of respondent’s information security department. No training for new employee charged with remediation. First American said it did nothing wrong.  ResourcesSee Matt’s blog post, Parsing DFS’ First Cybersecurity Case on Radical Compliance. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. In this episode Matt comes in smoking hot over the Trump Administration’s attempted evisceration of the US Postal Service. He cools down to present multiple lessons for the compliance professional.Some of the highlights include: What is the controversy? What happens when the CEO has a conflict of interest with his own organization? What happens when business objectives conflict with business priorities? How the amplification of social media can create undue pressures.  ResourcesSee Matt’s blog post, Governance Lessons from the Postal Service on Radical Compliance. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. In this episode Matt Kelly and Tom Fox consider the $20+ billion spend by Wells Fargo for its various regulatory fines and penalties, investigative and remediation costs since the initial announcement of its fraudulent accounts scandal back in 2016.Some of the highlights include: How can you spend over $1bn on compliance remediation in one quarter? Just how bad was the Wells Fargo culture? Can the bank ever get it right? How much is a functioning corporate culture worth?  ResourcesSee Matt’s blog post, Wells Fargo’s Staggering Compliance Costs on Radical Compliance. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. In this episode Matt Kelly and Tom Fox take a look at an Op-Ed piece penned by Alexander Vindman in the Washington Post where detailed his experiences as a whistleblower in the Trump White House.Some of the highlights include: What is the psychology for a whistleblower? What is the role of senior management in a speak up culture? What is the role of a CCO after a whistleblower speaks up? What are the ethical values of a whistleblower? ResourcesSee Matt’s blog post, A Must Read on Whistleblower Retaliation on Radical Compliance. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. In this episode Matt Kelly and Tom Fox take a look the economics of compliance conferences. Who will be the winners and losers with conferences going virtual through the rest of 2020 and beyond? Some of the highlights include: Compliance conference economic basics. How does this change in the age of virtual events? What about compliance conferences that do not need to make money? What are the differences in live and virtual conferences and do those differences make a difference in the experience?  ResourcesSee Matt’s blog post, SCCE Conference Going Virtual on Radical Compliance. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. In this episode Matt Kelly and Tom Fox take a look the recent domestic bribery and corruption enforcement action involving ComEd, a subsidiary of energy giant Exelon Corp. and the largest utility in the state of Illinois, agreeing to pay $200 million to settle federal corruption charges that also involve one of the state’s most powerful politicians. Some of the highlights include: Compliance practitioners need to remember domestic bribery and corruption as well as international. The bribes were offering lucrative lobbying contracts and no-show jobs to associates of Illinois House Speaker Michael Madigan. How did compliance save the day for ComEd? What about the Board of ComEd and Exelon? Is there a real commitment from the top?  ResourcesSee Matt’s blog post, ComEd Pays $200 Million on Domestic Bribery on Radical Compliance. Learn more about your ad choices. Visit megaphone.fm/adchoices