Compliance into the Weeds

By Tom FoxBusiness News Business News Management

Compliance into the Weeds episodes

May 20, 2020Covid-19 Attestation in Massachusetts
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 podcast Matt Kelly and Tom Fox take a deep dive into the attestation required by the Commonwealth of Massachusetts for businesses eligible to reopen in response to Covid-19.
Some of the highlights include:
What is the attestation requirement?
What policies and procedures are a company mandated to have to reopen?
What training must a company give its employees?
What is the four-phase plan that Massachusetts will implement to effect reopening?
What has been the decision-making process of the Massachusetts Governor Charlie Baker?
When will sports reopen in Boston?
See Matt Kelly blog post Massachusetts Covid-19 Attestation on Radical Compliance.

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25 min
May 13, 2020The Compliance Job Market, Frozen Not Wrecked
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 podcast Matt Kelly and Tom Fox take a deep dive into the compliance job market, during the middle of Covid-19 health crisis and into the rest of 2020 and beyond.
Some of the highlights include:
The Radical Compliance Job Report is growing not lessening.
Why is the market for CCO types frozen and wrecked?
Will a thaw come in the second half of the year?
WWill the Big Brother interview appear?
Does Covid-19 hasten the move to more tech solutions in the AML compliance world and beyond?
What is happening with salaries?
What industries are bullish on compliance hiring?

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23 min
May 06, 2020Rough Waters Ahead for Cruise Line CCOs
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 podcast Matt Kelly and Tom Fox take a deep dive into the recent mandate from the CDC that CEOs, CCOs and CFOs certify and attest that each employee who disembarks from a cruise ship has met the CDC requirements to do so, under potential criminal penalty. Three cruise lines, Royal Caribbean, Carnival Cruises, and Norwegian Cruise Line have over 100,000 employees cooped up on ships in US ports. The CDC wants to make certain that when they come on land, it is safe for everyone.
Some of the highlights include:
What are the CDC requirements?
Why does the CDC want CEO, CCO and CFO attestation?
Should these corporate leaders agree to do so?
What is about the employees on the ships?
Given that at least 100 cruise ships that set sail after March 4, the first day that a passenger died of Covid-19 while on a cruise stopping in the United States, is this warranted?
What does it mean for potential liability going forward?
Resources
Matt Kelly blog post, Cruise Lines Face Covid-19 Compliance Squeeze

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18 min
April 29, 2020Compliance Lessons from Smithfield Foods
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 podcast Matt Kelly and Tom Fox take a deep dive into the recently released CDC Inspection Report for the Smithfield Foods’ South Dakota meat packing facility. Last week, the CDC published a report that recommended more than 100 remediation steps Smithfield should implement so it can reopen the plant as soon as possible. We explore them from the compliance perspective.
Some of the highlights include:
What are the CDC services which led to the Report?
Smithfield Foods was not designed to prevent the spread of infectious diseases. What must it do now?
What are some of the key elements needed for a successful reopening?
What is the role of the CCO in reopening?
How can physical layout be a control?
What are the potential legal liabilities to Smithfield Foods?
Resources
Matt Kelly blog post, Smithfield Foods and Covid-19 Controls

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19 min
April 22, 2020Happy Hour FCPA Enforcement Action Involving ENI
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 podcast Matt Kelly and Tom Fox take a deep dive into the recently released SEC enforcement action against ENI involving FCPA violations, which was released just before 5 PM on Friday April 17.
Some of the highlights include:
What were the background facts?
What is the standard a parent has over a subsidiary for FCPA violations?
What were the internal controls violations?
What were the books and records violations?
What are the lessons learned for the compliance professional?
Did the fact that ENI was a recidivist make any difference?
Resources
Matt Kelly blog post, ENI Settles FCPA Case for $24.5 Million
Tom Fox blog post, Recidivist ENI

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22 min
April 15, 2020Hotline Benchmark Report
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 podcast Matt Kelly and Tom Fox take a deep dive into the hotline benchmark report from Navex Global which was previewed on a recent webinar Matt attended. Some of the data was quite interesting and perhaps even troubling.
Some of the highlights include:
Case closure times are longer this year. Why are they lengthening?
The five top categories of cases reported.
Reports via online reporting v. telephone call nearly doubled.
Reports of violations of business integrity violations are on the uptick.
The #MeToo movement is over two years old, what do the numbers reveal?
Resources
Matt Kelly blog post, Report: Hotline Cases Taking More Time

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19 min
April 08, 2020Covidiocy
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. While we have both written and spoken about companies who are responding positively during the COVID-19 crisis, today we take up companies who are not doing so and are thereby engaging in covidiocy.
Some of the highlights include:
What is the tale of the Boston Sports Club?
What were its governance failures? Its policy failures?
What is the FINRA Guidance on Pandemic Risks?
Why is liquidity so critical now?
Corporate governance failures by the parent.
Resources
Matt Kelly blog posts , When Covidiocy Strikes Corporate Governance and New FINRA on Pandemic Risks
Tom Fox blog post, Navigating the Coronavirus Crisis for Compliance Professionals -Company Responses

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17 min
April 01, 2020Compliance Officer as Whistleblower
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 podcast Matt Kelly and Tom Fox take a deep dive into the recent whistleblower award issued to an anonymous whistleblower, who happened to be a compliance professional.
Some of the highlights include:
What are the requirements for a compliance professional to be eligible for a Dodd-Frank Whistleblower award?
How many CCOs or internal audit types have been awarded Dodd-Frank Whistleblower awards?
The SEC was previously investigating the company, how (or why) was there an award in this case?
With nearly $400MM paid out in whistleblower awards, the program is clearly working.
Is Jay Clayton’s attempt to eviscerate the Whistleblower Awards?
Resources
Matt Kelly blog post, Whistleblower Award to Compliance Professional
SEC Press Release

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18 min
March 25, 2020According to Frank...A Tale of Compliance and COVID-19
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. As with many of you, we are overwhelmed with COVID-19 information. Matt and I want to bring some clarity, if not sanity to the conversation. In this podcast we continue our exploration of the parameters and impacts of COVID-19, by taking a look at one compliance tale in the time of coronavirus…according to Frank.
Some of the highlights include:
What is being Frank in the time of COVID-19?
Have your underlying assumptions on risk changed?
Why must you look at risk not simply with another set of eyes but also with a different eye?
With COVID-19, the risk is not only different but also unknown.
Why are isolation and quarantine key?
Why is focus on your risk management process so critical now?
Are you revamping your engines at 40,000 ft at 480 mph?
Stay tuned to after the outro for a special bonus piece on the phrase According to Hoyle…
Resources
Matt Kelly blog post, One Compliance Tale in the Time of COVID

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21 min
March 18, 2020Flattening the COVID-19 Curve
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. As with many of you, we are overwhelmed with COVID-19 information. Matt and I want to bring some clarity, if not sanity to the conversation. To that end, in this episode we take a deep dive into the need to integrate public health measures into our private enterprise operations, now and for the foreseeable future.
Some of the highlights include:
What is some of the positive news coming out of China?
How did China’s lockdown help slow the virus?
Why do we need to use the time to integrate public health measures into private sector operations?
What are some of these public health measures?
Why are isolation and quarantine key?
If we get it under control, how do we prevent another outbreak?
What are some practical starting points for businesses to think through at this time?
What should businesses be thinking about 30, 60, 90 days out?
Resources
Matt Kelly blog post, The Downslope Risks of COVID-19

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21 min

About Compliance into the Weeds

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What happens when two compliance aficionados get together to talk all things compliance, risk management and ERM? You get Tom Fox, the Voice of Compliance and Matt Kelly, the Coolest Guy in…