Innovation In Compliance With Tom Fox

In October, Deputy Attorney General (DAG) Lisa O. Monaco gave a Keynote Address at ABA’s 36th National Institute on White Collar Crime (Monaco Speech). Monaco’s remarks should be studied by every compliance professional as they portend a very large change in the way the DOJ will utilize monitors going forward. Over this podcast series, sponsored by AMI we will consider why DAG Monaco’s remarks herald a new era for monitorships. Over this podcast series we will consider Monaco’s remarks from a variety of perspectives. Mikhail Reider Gordon will look at global aspects of the new DOJ monitor’s focus. Cristina Revelo discusses how E&C assessments help drive more compliant companies. Jesse Caplan will bring his views on the intersection of the twin topics of antitrust and healthcare compliance. Vin DiCianni looks at where monitors and monitorships are going in 2022 and beyond. In this Episode 1, Bethany Hengsbach considers this change in monitorships from the white-collar enforcement and defense perspective. Highl

Welcome to a special five-part podcast series on how to unlock the gold in your program, hosted by Tom Fox with guests Gio and Nick Gallo from ComplianceLine. One of the ongoing questions in compliance is to demonstrate the Return on Investment (ROI) in your compliance program, by demonstrating the extended value of compliance literally across your entire company. When overlaid with an ESG component, you can begin to see the gold in your compliance hills. In addition to showing how you can unlock the gold in your own compliance hills, Gio and Nick walk you through how demonstrate ROI for your internal budgeting process which can provide to you the financial resource to strengthen and improve your compliance program.  Join us for the full 5 episodes and learn to see your compliance program in an entirely new light. In this concluding Part 5, we consider investments strategies for the compliance professional in the short and long term.  Some of the highlights of this episode include:  ·      What is Beta Inves

Welcome to a special five-part podcast series on how to unlock the gold in your program, hosted by Tom Fox with guests Gio and Nick Gallo from ComplianceLine. One of the ongoing questions in compliance is to demonstrate the Return on Investment (ROI) in your compliance program, by demonstrating the extended value of compliance literally across your entire company. When overlaid with an ESG component, you can begin to see the gold in your compliance hills. In addition to showing how you can unlock the gold in your own compliance hills, Gio and Nick walk you through how demonstrate ROI for your internal budgeting process which can provide to you the financial resource to strengthen and improve your compliance program.  Join us for the full 5 episodes and learn to see your compliance program in an entirely new light. In this Part 4, we consider finance and investment models for the corporate compliance function. Some of the highlights of this episode include:  ·      How does the Black Swan model of risk relate

Welcome to a special five-part podcast series on how to unlock the gold in your program, hosted by Tom Fox with guests Gio and Nick Gallo from ComplianceLine. One of the ongoing questions in compliance is to demonstrate the Return on Investment (ROI) in your compliance program, by demonstrating the extended value of compliance literally across your entire company. When overlaid with an ESG component, you can begin to see the gold in your compliance hills. In addition to showing how you can unlock the gold in your own compliance hills, Gio and Nick walk you through how demonstrate ROI for your internal budgeting process which can provide to you the financial resource to strengthen and improve your compliance program. Join us for the full 5 episodes and learn to see your compliance program in an entirely new light. In this Part 3, we consider how a CFO and finance department might see ESG investments differently than a CCO and compliance professional. Some of the highlights of this episode include: A CFO and f

Welcome to a special five-part podcast series on how to unlock the gold in your program, hosted by Tom Fox with guests Gio and Nick Gallo from ComplianceLine. One of the ongoing questions in compliance is to demonstrate the Return on Investment (ROI) in your compliance program, by demonstrating the extended value of compliance literally across your entire company. When overlaid with an ESG component, you can begin to see the gold in your compliance hills. In addition to showing how you can unlock the gold in your own compliance hills, Gio and Nick walk you through how demonstrate ROI for your internal budgeting process which can provide to you the financial resource to strengthen and improve your compliance program. Join us for the full 5 episodes and learn to see your compliance program in an entirely new light. In this Part 2, we consider how compliance can be seen as extending the value of compliance across your entire organization. Some of the highlights of this episode include: How might a finance profe

Tom Fox read about Jeff Grant’s work in The New Yorker and was intrigued, so he invited him on this week’s show. Tom describes Jeff’s work as “an unusual professional passion”. Listeners will be inspired by Jeff’s story: what led to his arrest and prison sentence, his redemption, and how he now helps others recover. “I Was the Problem” Becoming a lawyer was the perfect fit for Jeff’s skill set and attitude, he tells Tom, but it was “very bad for me in terms of bipolar disorder and my alcohol and drug abuse.” He describes his descent into white collar crime, his subsequent arrest and resignation from his law practice. A suicide attempt, intervention, and a stint in rehab all contributed to his ‘aha moment’ and the road to recovery. “I was the one who had been doing things wrong, and I didn't really realize that the whole time,” he recalls. “...that was the turning point that I realized that I was the problem.” Progressive Prison Ministries Tom asks Jeff what led him to found Progressive Prison Ministries. Go

Welcome to a special five-part podcast series on how to unlock the gold in your program, hosted by Tom Fox with guests Gio and Nick Gallo from ComplianceLine. One of the ongoing questions in compliance is to demonstrate the Return on Investment (ROI) in your compliance program, by demonstrating the extended value of compliance literally across your entire company. When overlaid with an ESG component, you can begin to see the gold in your compliance hills. In addition to showing how you can unlock the gold in your own compliance hills, Gio and Nick walk you through how demonstrate ROI for your internal budgeting process which can provide to you the financial resource to strengthen and improve your compliance program.  Join us for the full 5 episodes and learn to see your compliance program in an entirely new light. In this Part 1, we consider how compliance can be seen as a corporate ROI multiplier by looking at the impact of compliance across your entire organization.  Some of the highlights of this episode i

Jordan Domash returns as Tom Fox’s guest in this week’s show. Jordan is the General Manager at Relativity, a company that makes software to help users organize their data. Jordan has been leading Relativity’s communications surveillance product for the past few years and is in charge of the sale and development of the platform. This week, Jordan and Tom talk about changes in data management and cybersecurity approaches, what regulators look for and how cybersecurity will evolve in the coming years. Relativity and Regulation With the explosion of data volumes due to an increase in communication platforms, the variety of data sources that need to be monitored has exploded as well. In regulated organizations, employees who want to engage in mischievous activity know they're being monitored, and so are consciously doing everything they can to avoid detection. However, technology has advanced so that it is now able to capture and monitor every data source that's widely used today. Relativity offers dozens of diff

Welcome to this special podcast series, Series Spotlight: Revolutionizing GRC with 6clicks, sponsored by 6clicks. This week I have visited with Joe Schorr, Vice President (VP) of Global Channel Sales, Andrew Robinson, co-founder and Chief Information Security Officer, Stephen Walter, head of Marketing, Dr. Heather Buker, Chief Technology Officer, and Ant Stevens, co-founder and Chief Executive Officer. Over the series, we broke down 6ckicks Hub and Spoke approach, utilizing Artificial Intelligence (AI) and Machine Learning in governance, risk and compliance (GRC), curating and maintaining a robust GRC content, producing audit ready reports. Today, in our concluding episode, Part 5, I am joined by 6clicks co-founder Ant Stevens, as we look down the road for what will be next for 6clicks.  Stevens said that 6clicks was founded some two and half years ago to bring an affordable, accessible and easy to use, GRC capability to lots of businesses around the world. The second related mission “was to ensure that the p

Welcome to this special podcast series, Series Spotlight: Revolutionizing GRC with 6clicks, sponsored by 6clicks. This week I visit with Joe Schorr, Vice President (VP) of Global Channel Sales, Andrew Robinson, co-founder and Chief Information Security Officer, Stephen Walter, head of Marketing, Dr. Heather Buker, Chief Technology Officer, and Ant Stevens, co-founder and Chief Executive Officer. Over the series, we will break down 6ckicks Hub and Spoke approach, utilizing Artificial Intelligence (AI) and Machine Learning in governance, risk and compliance (GRC), curating and maintaining a robust GRC content, producing audit ready reports, and look at what’s next for 6clicks down the road. In Part 4, I am joined by 6clicks Chief Technology Officer, Dr. Heather Buker and we take up producing an audit-ready report with 6clicks Pixel Perfect™.  Buker is the transitional resource who takes the engineering and tech part of the 6clicks solution and puts it into a workable solution for customers. She says of herself,

Welcome to this special podcast series, Series Spotlight: Revolutionizing GRC with 6clicks, sponsored by 6clicks. This week I visit with Joe Schorr, Vice President (VP) of Global Channel Sales, Andrew Robinson, co-founder and Chief Information Security Officer, Stephen Walter, head of Marketing, Dr. Heather Buker, Chief Technology Officer, and Ant Stevens, co-founder and Chief Executive Officer. Over the series, we will break down 6ckicks Hub and Spoke approach, utilizing Artificial Intelligence (AI) and Machine Learning in governance, risk and compliance (GRC), curating and maintaining a robust GRC content, producing audit ready reports, and look at what’s next for 6clicks down the road. In Part 3, I am joined Stephen Walter to discuss curating and maintaining robust GRC content. Walter said that for someone just starting out at a budding GRC program “navigating the complexities of achieving and maintaining, compliance within a number of regulations and or authorities can be quite daunting.” With all these r

Welcome to this special podcast series, Series Spotlight: Revolutionizing GRC with 6clicks, sponsored by 6clicks. This week I visit with Joe Schorr, Vice President (VP) of Global Channel Sales, Andrew Robinson, co-founder and Chief Information Security Officer, Stephen Walter, head of Marketing, Dr. Heather Buker, Chief Technology Officer, and Ant Stevens, co-founder and Chief Executive Officer. Over the series, we will break down 6ckicks Hub and Spoke approach, utilizing Artificial Intelligence (AI) and Machine Learning (ML) in governance, risk and compliance (GRC), curating and maintaining a robust GRC content, producing audit ready reports, and look at what’s next for 6clicks down the road. In Part 2, I am joined by Andrew Robinson to discuss utilizing ML and AI into your GRC practice.  For GRC professionals working internationally, Robinson said they must “maintain mappings or what you commonly call in the US ‘crosswalks of compliance’ frameworks.” He went on to explain these frameworks are “useful becaus

Jordan Domash is Tom Fox’s guest on this week’s episode of the Innovation in Compliance Podcast. Jordan is the General Manager at Relativity, a company that makes software to help users organize their data. The platform is used by more than 180,000 people around the world to identify key issues. Jordan has been leading Relativity’s communications surveillance product for the past few years and has been in charge of the sale and development of the platform. He joins Tom in the first part of this two-part episode to talk about his role at Relativity, data cleansing, and how the Relativity Trace platform helps its customers. The Importance of Data Cleansing With the move to remote work, individuals have come to rely on different sources such as Slack and Microsoft Teams to communicate with one another. Jordan tells Tom that this has led to an explosion in the amount of data that needs to be actively monitored, and that there is a larger need for data cleansing. He shares how Relativity is tackling this issue. “

Welcome to this special podcast series, Series Spotlight: Revolutionizing GRC with 6clicks, sponsored by 6clicks. This week I visit with Joe Schorr, Vice President (VP) of Global Channel Sales, Andrew Robinson, co-founder and Chief Information Security Officer, Stephen Walter, head of Marketing, Dr. Heather Buker, Chief Technology Officer, and Ant Stevens, co-founder and Chief Executive Officer. Over the series, we will break down 6ckicks Hub and Spoke approach, utilizing Artificial Intelligence (AI) and Machine Learning in governance, risk and compliance (GRC), curating and maintaining a robust GRC content, producing audit ready reports, and look at what’s next for 6clicks down the road. In Part 1, I am joined by Joe Schorr on Managing a Multi-Entity GRC Architecture with 6clicks Hub and Spoke. Schorr handles global channels, which encompasses service provider partners and technology partners and the traditional channel resale role. We turned to the ‘hub and spoke’ model which 6clicks advocates. He said that

Troy Fine is Tom Fox’s guest on this week’s episode of the Innovation in Compliance Podcast. He is the Senior Manager of Cybersecurity Risk Management and Compliance at Drata. Troy joins Tom to talk about data security, data protection, and risk management. Internal and External Auditing Auditing is external and internal. External auditing entails third parties coming in to assess a company's controls, security frameworks, and determining if they meet compliance requirements. Internal auditing involves people who work directly for the company they are assessing. They are a lot more involved with the business, and understand the requirements of the business better, so they take a more collaborative approach. Internal audit identifies the gaps within the organization, so the business can remedy them quickly, and so that the business can be prepared for an external audit. Troy points out that sometimes internal audit would assist external audit, with external audit relying on the testing that internal already p

Dan Sholler is Tom Fox’s guest on this week’s episode of the Innovation in Compliance Podcast. He is the Software Product Marketing Leader at Exterro, an organization that creates software that helps clients address regulatory, compliance, and litigation risks at affordable costs. Dan joins Tom to talk about the work Exterro is doing in the realms of compliance risk governance. The Evolution of Exterro Exterro has adapted its ability to measure its results more easily, as well as test alternative approaches. Dan explains to Tom that they can test alternative messages, as well as alternative means of delivering those messages. Technology can be used to drive some of the communication to make that initiative work.  The Importance of Plan Sponsor Audits Plan sponsor audits are significant because it’s a universal change in regulatory posture. This affects how compliance professionals need to think about their responsibilities. In the past, regulatory agencies would use a checklist for compliance personnel on c

This week’s guest is Lindsay Sweeney, Senior Manager of Communications at K2 Integrity, a risk, compliance, investigations, and monitoring firm. She graduated with degrees in journalism and history and was convinced that her career would be in either of those industries. However, she started working in a small shop whose clients were mostly associated with fintech; she would eventually join K2 Integrity. She joins Tom Fox to discuss how you can use social media and communications to drive home internal messages and get your message and brand out to your clients, customers, and the compliance community.  At K2 Within her first six months at K2 Integrity, the company expanded their presence in the media with a major financial crimes practice and merged with a financial integrity network in DC. From there, they kicked off a rebrand, which was both challenging and easier to do remotely due to the pandemic. She tells Tom, “It wasn't just a matter of changing our name in certain places,” she shares. “It was a matt

Amii Barnard-Bahn, C-Suite Coach and Consultant, is Tom Fox’s guest on this week’s episode of the Innovation in Compliance Podcast. She is a compliance professional, an author, and a key speaker. Amii joins Tom to talk about her new book, The PI Guidebook: How the Promotability Index® Can Help You Get Ahead in Your Career, and how leaders can create a healthier workplace environment for their employees. How The PI Guidebook Helps Workplace Cultures Amii is a firm believer in the concept of radical self-reliance, especially in your career. She is a big advocate for employees learning how to own their jobs and thinking of their responsibilities surrounding their careers differently. Amii has created a framework within the PI Guidebook that helps them with this, and she has divided the framework into five key elements: self-awareness, external awareness, strategic thinking, thought leadership, and executive presence. Becoming efficient in these disciplines will go a long way at keeping you from becoming expenda

Debbie Mrzaek, President of The Sales Company, is Tom Fox’s guest on this week’s episode of the Innovation in Compliance Podcast. She has spent her career helping individuals and companies around the world as a sales consultant helping them develop good customer relationships. Debbie joins Tom to talk about sales processes and what compliance professionals can learn from sales personnel.   Active Listening and Communication: The Key To Success in Sales Active listening is the key to success in sales, as the sales process is all about communication. Knowing when to speak and when to be quiet is vital, Debbie stresses: “If you’re talking more than 60% of the time, shut up. You’re not learning anything; you’re not getting any new information.” Learning to ask open-ended questions and allowing the other person to do most of the talking will go a long way. Anyone can learn the skills of a salesman, and you don’t have to be extroverted or a social butterfly to be successful in sales. All you need to do is be able t

Tom Fox welcomes back Alexander Dill on this week’s episode of the Innovation in Compliance Podcast. Alexander is a lecturer at UCLA, as well as an author and advisor, specializing in financial regulation, risk management, and compliance. Alexander and Tom talk about anti-money laundering and the key problems compliance professionals encounter. The Importance of Compliance Ratings Compliance Systems Compliance rating systems were created to measure accuracy and integrity. After the events of Enron and WorldCom, there was a general criticism of credit rating agencies. Moody's Investors Service, where Alexander spent a considerable amount of time working, got a great deal of that criticism due to the organization's poor ratings performance and its lack of fraud rating. Moody's wanted to continue to self-regulate as opposed to being regulated by the global regulators, and so the creation of these compliance systems helped with that. Alexander explains that the initial work that was done with respect to the rati