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! This week on the podcast, we discussed a variety of financial fraud and corruption cases that have recently come to light. From Bank of America’s creation of millions of fake accounts to KPMG getting caught cheating in the Netherlands, these cases serve as a reminder to the importance of strong compliance programs and the need for companies to be proactive in preventing fraud. Additionally, the DOJ is utilizing data analytics to enhance their ability to prosecute FCPA cases, while Women in Compliance work to empower and support female professionals in the industry. Finally, the Florida Man Scam highlights the need to be aware of the potential for scams and to exercise caution when giving out personal information.

Highlights Include

·      Bank of America Scandal

·      Navex Survey

·      Corruption in Singapore

·      KPMG Cheating Scandal

·      Kenneth Polite Reflects

·      Lisa Osofsky Reflects

·      Women in Compliance

·      Florida Man Should Stay in FL

·      Contracts and Emojis

Resources 

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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! In this episode, they discuss whether a compliance crisis is coming, a new compliance law in the UK, and why companies may be dialing down their public statements on ESG and DEI. They also delve into a survey on compliance concerns, the importance of preventing corruption in Ukraine, and the creation of a Department of Justice corporate crime database. With exciting stories like a bizarre crime tale and insight into the controversial Wall Street Journal article, this episode will keep you engaged and informed. Don’t miss out on this opportunity to improve your compliance.

Highlights Include

·      Corporate Compliance in a Time of Budget Cuts

·      Preparing for UK's New Economic Crime Offense

·      Compliance and ESG in corporate culture

·      Managing Unwanted Change in Compliance

·      Legal issues of cryptocurrency exchange

·      Rebuilding Ukraine: Business Opportunities and Corruption

·      Stress-free Workplace Priorities

·      Corporate crime database 

·      Florida Man strikes again 

Resources 

1.     Compliance Crisis Coming?

2.     2023 Global Compliance Risk Benchmarking Survey

3.     Managing Unwanted Change

4.     Ukraine and Corruption

5.     DOJ launches corp crime data base

6.   Florida Man Strikes Again (Honorary Darwin Award nominee as well)

7.   How Great Companies Give Their People What They Want

8.   DOJ Drop SBF FCPA Charges

9.   Companies Quiet Diversity Talk

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What happens when two top compliance commentators get together? They talk compliance of course. Join Tom Fox and Kristy Grant-Hart in their podcast, 2 Gurus Talk Compliance, as they dive into hot compliance topics. In this episode, they cover the Elizabeth Holmes goes to prison, the current office imbroglios, a record whistleblower award, the perils of using ChatGPT, cyber breach reporting, Gartner and trust and lightening and compliance. With their unique insights and engaging storytelling, this podcast is a must-listen for anyone in the compliance field. Don't miss the latest episode of 2 Gurus Talk Compliance and stay ahead of the curve!

Highlights Include

·      Racial Justice at the Board

·      Gartner FCPA enforcement action

·      Cyber Incident Reporting

·      AI and Corporate Governance

·      Once a con, always a con

·      Record whistleblower award

·      WFH, RTW and Hybrid-Work

·      CCO Comp

·      Using ChatGPT

·      Penalties low, benefits high

 Resources 

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Tom 

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What happens when two top compliance commentators get together? They talk compliance of course. Join Tom Fox and Kristy Grant-Hart in their podcast, 2 Gurus Talk Compliance, as they dive into hot compliance topics. In this episode, they cover the potential crisis with due diligence in China, highlights from the Compliance Week 2023 National Conference, and a recent fraud case. They also discuss strategies for managing distributor risk, stakeholder management, and the need for AI regulation. With their unique insights and engaging storytelling, this podcast is a must-listen for anyone in the compliance field. Don't miss the latest episode of 2 Gurus Talk Compliance and stay ahead of the curve!

Highlights Include

·      Phillips FCPA Enforcement Action and Distributor Risk Management

·      Stakeholder Strategy for Ethical Business Practices

·      Risks of Due Diligence in China for US Companies

·      Risks of Conducting Investigations in China

·      Quantitative skills, AI regulation, and challenges

·      Tech Hearings & Messaging Compliance Reform

·      The Problems with Ephemeral Messaging and Hot Desking

·      The Myth of Informal Office Collaboration

·      IRS Scam Calls and Sanctions Compliance

 Resources 

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What happens when two top compliance commentators get together? They talk compliance, of course. Join Tom Fox and Kristy Grant-Hart in their podcast, 2 Gurus Talk Compliance, as they tackle topics on behavior economics, OFAC settlement lessons, the importance of the user experience in compliance policy creation, and more. They also discuss incorporating behavioral sciences into compliance strategies and the exciting changes in compliance consulting services. With their expertise, they share insights on how data, behavioral science, and innovative approaches can improve compliance programs, business processes, and profitability.

Listen as they provide valuable insights on how to understand culture by starting a dialogue and the importance of finding someone to give a narrative. Lastly, they discuss the challenge of bribery and corruption and the need for compliance professionals to be innovative, accept failures, and be comfortable with experimentation. Take advantage of this exciting and informative podcast episode from two renowned compliance experts, Tom Fox, and Kristy Grant-Hart.

Highlights Include:

 Resources 

1.     New Direction for Cybersecurity. 

2.     BAT export control settlement-$767MM is just the start of the costs. 

3.     What is the profile of a corrupt payment?

4.     Rachel Carson and Leadership

5.     The 24-Hour Rule by Adrienne Bellehumeur. 

6.     Three Graphs Explain the Compliance Industry’s Growth

7.     What is top-of-mind with CCOs?

8.     8 Handy Tools to Get AI-Generated Meeting Notes

9.     Queen of Due Diligence

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What happens when two top compliance commentators get together? They talk compliance of course. Join Tom Fox and Kristy Grant-Hart in their podcast, 2 Gurus Talk Compliance, as they tackle topics on behavior economics, OFAC settlement lessons, the importance of the user experience in compliance policy creation, and more. They also discuss the incorporation of behavioral sciences into compliance strategies and the exciting changes happening in compliance consulting services. With their expertise, they share insights on how data, behavioral science, and innovative approaches can improve compliance programs, business processes, and profitability. 

Listen as they provide valuable insights on how to understand culture by starting a dialogue and the importance of finding someone to give a narrative. Lastly, they discuss the challenge of bribery and corruption and the need for compliance professionals to be innovative, accepting failures, and being comfortable with experimentation. Don't miss this exciting and informative podcast episode from two renowned compliance experts, Tom Fox, and Kristy Grant-Hart.

Highlights Include

·      Evolution of Corporate Ethics and Compliance Programs

·      Microsoft OFAC Settlement

·      Irritating Emails

·      Behavioral Science in Compliance

·      Messaging Apps and Dept. of Business Denial

·      FTX and its (lack of) Internal Controls

 Notable Quotes

1.      “I don't want to say the traditional tools are limited, but we've really evolved past them.”

2.     When they were specifically talking about the section on learning and on training and talking about that frequently shorter in more bursts, more frequently where the learner gets to decide when and how they learn is really a lot not just with behavioral science, but also with adult learning theory.” 

3.     “But again, 1 of the things that's so powerful about enforcement act is that they tell us what we should be doing.” 

4.     “Compliance professionals need to look at their sales models and see if they're using distributors.”

Resources 

1.     Microsoft’s OFAC Settlement Underscores Important Remedial Measures 

2.     FTX, Multimillion-Dollar Expenses Were Approved by Emoji

3.     Your Email Does Not Constitute My Emergency

4.     New DOJ policies about messaging apps and clawbacks threaten compliance departments’ standing

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What happens when two top compliance commentators get together? They talk compliance of course. Join Kristy Grant-Hart and Tom Fox for their new podcast, 2 Gurus Talk Compliance! But it is not simply Kristy and Tom talking compliance. In this podcast series Kristy and Tom review  other top commentators in compliance as well. In this podcast, we discuss the recent jail time for a Wells Fargo executive, the UK government's plan to enforcement of anti-corruption and AML violations, due diligence before acquiring a company, and the recent charges against the co-founder of FTX. They also touch on the shift towards valuing a healthier relationship with work and the potential of the Metaverse in the compliance industry. Tune in to hear Tom and Kristy break down the latest compliance news and provide valuable insight into the industry that will keep you ahead of the curve.

 Highlights Include

·      Corporate Ethics and Compliance 

·      The Wells Fargo Scandal and Criminal Accountability 

·      Uncertainty surrounding CCO certification 

·      UK Government's Fight Against Corporate Crimes 

·      COVID and the Future of Work 

·      The Importance of Due Diligence in Acquisitions 

·      Move into the compliance profession

·      Indictment of Samuel Bankman Fried

 Notable Quotes

1.      “If you buy a company that was engaging in bribery corruption, you're not responsible for that. But when you take title and ownership, it is not them who are engaging in broader corruption. It is you are engaging in broader corruption.”

2.     “I just think that flat banning of CHAT GPD is taking away hugely useful business tool to the Italian business sector.” 

3.     “It is incredibly rare for a bank officer to be held criminally accountable.

4.     I think we'll start to see that now move to becoming an extraordinary practice to a best practice to a regular practice to table stakes.

Resources 

1.     Italy Bans ChatGPT

2.     Why workers have given up the office

3.     CCO certifications

4.     Getting your first job in compliance

5.     SBF and the FCPA

6.     Carrie Tolstedt pleads guilty

7.     UK to invest in economic crime enforcement

8.     What is happening to the Metaverse

9.     Flutter settles FCPA enforcement action

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What happens when two top compliance commentators get together? They talk compliance of course. Join Kristy Grant-Hart and Tom Fox for their new podcast, 2 Gurus Talk Compliance! But it is not simply Kristy and Tom talking compliance. In this podcast series Kristy and Tom review  other top commentators in compliance as well. In this podcast, we will consider all things compliance, corporate ethics, ESG, governance, and whatever else is on our minds and the minds of other experts in the field. Kristy and Tom explore all of these topics with expertise and wit.

2 Gurus Talk Compliance will include a deep dive into the latest headlines, as well as ask hard hitting questions and provide valuable insights on the current happenings of the world. Don’t miss out this week, as Tom and Kristy look at how the new DOJ pilot program and update to the evaluation of corporate compliance program guidance will affect dailiness operations.

 Highlights Include

·      Moral hazard for DOJ/Compliance 

·      Global Corporate Governance Trends for 2023 

·      Assessment of Monaco/Polite Speeches and new ECCP 

·      Compliance in the Metaverse

·      Five hard leadership bills to swallow. 

·      Former Blue Bell CEO Pleads Guilty 

·      $9 Million Cow Manure Ponzi Scheme 

·      Lessons Learned from Ericsson’s DPA Breach

·      Serious Fraud Office Abandons Prosecution 

·      2023 Evaluation of Corporate Compliance Programs

 Notable Quotes

1.      "The effect on the economy is much more severe than I would have ever thought. The market tanked, basically, for 3 days. And of course, the market runs on perceptions. Pretty much like bank runs run on per perceptions."

2.     "We had some assets disappear over the weekend. We've had the federal government come in at backstop that amount, full amount, not just limited to the 250000 per person or entity that the FDIC ensures I think banking regulations will probably change forever because of this event."

3.      "A couple of weeks ago, we had 2 major speeches by deputy attorney general Lisa Monaco and Kenneth Polite, at the ABA white collar conference that were followed by the release of an updated 2023 version of the Evaluation of Corporate Compliance Programs, a new policy regarding monitors as well, and the announcement of a pilot program."

Resources 

Connect with Kristy Grant-Hart on LinkedIn

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Connect with Tom Fox on Linkedin

What happens when two top compliance commentators get together? They talk compliance of course. Join Kristy Grant-Hart and Tom Fox for their new podcast, 2 Gurus Talk Compliance! But it is not simply Kristy and Tom talking compliance. In this podcast series Kristy and Tom review  other top commentators in compliance as well. In this podcast, we will consider all things compliance, corporate ethics, ESG, governance, and whatever else is on our minds and the minds of other experts in the field. Kristy and Tom explore all of these topics with expertise and wit.

In this inaugural episode, they discuss the latest in compliance trends and news, including two Supreme Court cases that have implications for the compliance profession. They also cover the Department of Justice and whistleblower trends, taking a look at Miranda and Upjohn warnings and increasing numbers of whistleblower reports to the SEC. They also dive into an article from the Harvard Law School Forum on corporate governance and discuss the Illinois Biometric law. Join the conversation and discover the latest on compliance and regulations with 2 Gurus Talk Compliance.

Highlights Include

The Role of In-House Attorneys in Communication Between Outside Counsel and Businesses [00:05:17]

Supreme Court Decision on the Future of the CFPB [00:09:11]

Impact of the Colorado Draft Regulation on Artificial Intelligence Compliance Programs [00:13:23]

The Benefits of Automated Data Deletion [00:17:23]

A Miranda component to corporate Upjohn Warnings [00:21:25] 

The Obligation of Society to Address Climate Change [00:25:33]

The Benefits of Self-Disclosure in the DOJ Justice System [00:29:18]

The Role of the Board in Overseeing Third Parties in High-Risk Countries [00:33:14]

The Impact of Whistleblowers on the SEC [00:40:54]

White Castle’s Violation of Illinois Biometric Law [00:45:05]

Notable Quotes

1.     The DOJ is urging a federal judge to sanction Google's parent, Alphabet, for its practice of setting employee chats to auto delete despite promising to preserve records." 

2.     "It goes to beyond the specifics of this law, something and you and I have talked about for several years now, that the compliance function and the CCO is well perhaps the most well-suited corporate discipline to deal with these new initiatives because it's the basic framework of compliance that you and I have worked with for 15 years." 

3.     "Most compliance programs just don't have good frameworks for things like AI or for big data even though we've been using that word for a long time." 

Resources 

Connect with Kristy Grant-Hart on LinkedIn

Spark Consulting

Connect with Tom Fox on Linkedin