Innovation In Compliance With Tom Fox

Cecilia Akuffo is Tom Fox’s guest on this week’s episode of the Innovation in Compliance Podcast. Cecilia is a Talent Acquisition Partner who has extensive experience in management, interviewing, recruiting, and social media. Cecilia works in the higher education industry as a Tech Recruiter. She joins Tom to talk about her career, workplace dignity, and what she is looking forward to in the future. Setting The Tone in Talent Acquisition Talent acquisition communications training is crucial in the compliance context because that's where it all starts, Cecilia points out. The first time you look at someone's resume, or the first time you have an interaction with them in the talent acquisition process, you can start to convey your company's values, culture, and expectations. Doing recruiting right sets the tone at the beginning for how you expect individuals to comply within your organization.  The Evolution of Talent Acquisition The main evolution in the world of talent acquisition is that it is its own enti

Welcome to this special podcast series, Integrity Matters: Culture, Training and Compliance, sponsored by K2 Integrity. This week I visit with Koby Bambilia, Managing Director, and Tina Rampino, Associate Managing Director. Over the series we have broken down corporate culture, compliance training and communications. Topics included breaking down the big picture on culture, espresso shots of training, skills development and regulatory changes, tailored and risked based training and operational aspects of training. In this concluding Part 5, I am joined again by Tina Rampino who reviews key operational aspects of training, including budget, delivery and more. We began with a discussion of one of the most critical issues around compliance training, but one I believe does not get nearly enough discussion in the compliance community, that being the issue of budgeting. During times of economic stress compliance training budgets are often tightened. Rampino believes this approach needs to be avoided. The reason is

Welcome to this special podcast series, Integrity Matters: Culture, Training and Compliance, sponsored by K2 Integrity. This week I visit with Koby Bambilia, Managing Director, and Tina Rampino, Associate Managing Director. Over this series, we will break down corporate culture, compliance training and communications. Topics include breaking down the big picture on culture, espresso shots of training, skills development and regulatory changes, tailored and risked based training and operational aspects of training. In Part 2, I am joined by Tina Rampino who discusses ‘espresso shots’ of training to help facilitate attainable training demands.

Welcome to this special podcast series, Integrity Matters: Culture, Training and Compliance, sponsored by K2 Integrity. This week I visit with Koby Bambilia, Managing Director, and Tina Rampino, Associate Managing Director. Over the series, we break down corporate culture, compliance training and communications. Topics include breaking down the big picture on culture, espresso shots of training, skills development and regulatory changes, tailored and risked based training and operational aspects of training. In Part 4, I am joined by Koby Bambilia to discuss why tailored and risked based training is so critical now. In this episode we went into the weeds of specific tailored and risk-based training. Getting ahead of regulators and ensuring your institution has skills-based trainings is critical. But more than this, regulators now want to see specific risk-based training, tailored to individual needs. This approach is not limited to financial institution regulators but the US Department of Justice (DOJ), Secur

Welcome to this special podcast series, Integrity Matters: Culture, Training and Compliance, sponsored by K2 Integrity. This week I visit with Koby Bambilia, Managing Director, and Tina Rampino, Associate Managing Director. Over this series, we are breaking down corporate culture, compliance training and communications by discussing topics such as breaking down the big picture on culture, espresso shots of training, skills development and regulatory changes, tailored and risked based training and operational aspects of training. In Part 3, I am joined by Koby Bambilia to discuss the intersection of meeting compliance skill development and regulatory requirements.

Peter Baumann is Tom Fox’s guest on this week’s episode of the Innovation in Compliance Podcast. He is the founder of ActiveNav, a company that helps its customers reduce data risk, make better management decisions and comply with privacy regulations. He has been in the information governance field for 30 years both as a publisher and as a content creator. Peter joins Tom to talk about how the disciplines of information governance, and the data industry, relate to a variety of compliance issues. How Information Governance Has Changed The most significant change in information governance, Peter tells Tom, has been its explosion of growth. Companies used to only operate from a singular network, and via a single machine. There was well managed control, and no-one else was able to have access to the information filtered through those single networks and machines. That is no longer the case. With the rise of the internet and connecting corporate networks with each other, the control has collapsed and sensitive da

Welcome to this special podcast series, Integrity Matters: Culture, Training and Compliance, sponsored by K2 Integrity. This week I visit with Koby Bambilia, Managing Director, and Tina Rampino, Associate Managing Director. Over the series, we will break down corporate culture, compliance training and communications. Topics include breaking down the big picture on culture, espresso shots of training, skills development and regulatory changes, tailored and risked based training and operational aspects of training. In Part 1, I am joined by Tina Rampino who breaks down the big picture on culture. We began with the basics: that a culture of Compliance is the foundation of an organization’s compliance program. Rampino said it is a measure of how well employees feel empowered to identify, mitigate, and escalate risk within their institution. An institution’s compliance culture is set by an institution’s Board and Executive Leadership team. Their messaging should be continuously reinforced in an institution’s risk

John Lee Dumas, host of the award-winning podcast Entrepreneurs on Fire, joins Tom Fox on the last installment of Looking Back at 9/11 to commemorate the 20th anniversary of the 9/11 attack. He tells Tom how his life changed in that pivotal moment, and the big lessons he learned.  A Time of War John tells Tom that he was in his final year at Providence College, and in the ROTC cadets, on 9/11. When he saw the towers fall, he knew at once that it would change the trajectory of his career. He and his roommate looked at each other and they knew “that our next four years of active duty army experience went from being in the peacetime army to looking like we were going to war.” Within hours they were called to active duty: “We just became officers in the US army during a time of war,” John recalls. Leadership Lessons from the Army Tom asks John what leadership lessons he learned from his time in the army. John outlines three major takeaways that his time in combat taught him: To learn from those who went before

Scott Moritz is Tom Fox’s guest on this episode of Looking Back at 9/11. Scott is the Senior Managing Director at FTI Consulting Risk and Investigations, assisting clients and their outside counsel in managing their response to white collar crime, misconduct and bribery incidents. He is also the host of the podcast series, Fraud Eats Strategy. Scott joins Tom to talk about how the events of 9/11 impacted the FBI. How 9/11 Changed The FBI: Structural and Cultural Ambidexterity 9/11 fundamentally changed the FBI overnight. Scott remarks that for a long time after 9/11, the FBI was primarily focused on the attack on the Trade Center. That was the Bureau’s main investigation, and it was being worked on by all the FBI field offices, and virtually every foreign attache office in the world. Many scholars, through various organizational studies and surveys, assumed that the FBI would have created simultaneous frontline structures and processes to balance their two competing missions: national security and law enforc

Eric Feldman is Tom Fox’s guest on this episode of Looking Back at 9/11. Eric is the Senior Vice President and Managing Director at Affiliated Monitors, a company that deals with monitoring large and small companies in the government contracting, construction, engineering, manufacturing, and financial services. He also conducts assessments of corporate ethics and compliance programs across many countries. Eric joins Tom to talk about the impact the events of 9/11 had on the role of Inspector General. The Impact of 9/11 on The IG's Role Eric explains to Tom that 9/11 was the most informative time of his career, and the careers of many other Inspector Generals. It was a refocusing moment for everyone. Eric got to work within the oversight function, but as part of the mission he was overseeing. "That focus on mission was it for me," he tells Tom. Eric expresses that understanding the mission helped make him a better Inspector General. IGs all over the world became more concerned with looking at the broader pict

Alex Dill is Tom Fox’s guest on this episode of the Looking Back at 9/11 Series. Alex is a scholar and professor specializing in financial regulation, risk management and compliance. He also has corporate experience in ​​the ethics of business practices in finance, bankruptcy, bond covenants, and debt markets. He joins Tom to talk about The Patriot Act’s impact on responding to terrorist threats. How 9/11 Changed AML Before 9/11, AML regulations were very lax and backward looking. The focus was on prosecuting crimes that were already committed, and prosecuting money laundering, more so than the financing of terrorism. Banks weren’t engaging in meaningful customer due diligence as they felt the process invasive. After 9/11, this all changed. Law enforcement agencies and financial institutions revamped their policies and procedures to take a more preventive approach to AML and financing of terrorism. This led to The Patriot Act. The Financial Response Tom asks Alex if he saw a similar regulatory response with

Juan Zarate is the Global co-Managing Partner and Chief Strategy Officer at K2 integrity. On 9/11 he was a prosecutor at the Treasury Department working on international enforcement issues, anti money laundering, anti-corruption and anti-terrorist financing. He joins Tom Fox to commemorate the 20th anniversary of 9/11. They discuss how his role changed, the Treasury Department response and what the tragic event means for him. A Change of Mission 9/11 changed the mission of the Treasury Department. Juan tells Tom, “We went after terrorist financing to try to disrupt and dismantle Al-Qaeda's terrorist networks and infrastructure, and disrupt how illicit financing was flowing through the international system.” He recalls where he was on the fateful day and how seeing the smoke from the Towers and the Pentagon affected him emotionally. Something very different was happening, he recalls; the country was under attack. He outlines the strategic, departmental and tactical changes implemented after 9/11 to fight ter

On the 20th anniversary of the 9/11 terrorist attack, Tom Fox and guests look back on the tragic event and what it meant for them personally, as well as how it impacted the world of compliance. Tom’s first guest this week is Gabe Hidalgo, anti money laundering compliance expert, who shares how the events of that fateful day changed the course of his career. Looking Back Gabe - who worked as outside counsel for insurance companies at the time - remembers turning on YahooTV as soon as he got to his office on 9/11 and seeing the second plane hit the World Trade Towers. He knew immediately that it was a deliberate attack. “I knew that this was kind of a hallmark moment,” he tells Tom, “that this was not an accident.” He details leaving the office in haste to get to his pregnant wife, and the obstacles and roadblocks he faced on the way. When they finally reunited at home, they were overcome with emotion. He remembers feeling gutted thinking about the unborn children who would grow up never knowing their fathers.

Managing Director of Ethisphere, Doug Allen and Erica Salmon Byrne, EVP of Governance and Compliance, join Tom Fox on this week’s episode to talk about the World’s Most Ethical Companies award put on by Ethisphere every year.  Origins Ethisphere was created to advance the standards of ethical practices. Doug says that their three tenets are “to define what's good in terms of how businesses do business with integrity; ...to measure and improve in all facets of integrity and then curating and convening organizations of like cultures and nature…” WMEC is the “purest manifestation of all these key tenets,” he continues, as it was established 16 years ago to “celebrate and recognize organizations that were doing business the right way.” The application process is rigorous, but it helps companies measure and assess their performance as well as give them a roadmap on how to improve. Erica comments that it “pulls the practical out of the theoretical… We spend a lot of our time taking those very broad strokes of guid

Kristy Grant-Hart, Joe Murphy, and Kirsten Liston are Tom Fox’s guests on this week’s episode of the Innovation in Compliance Podcast. Kristy is the CEO and founder of Spark Compliance Consulting, as well as an author and keynote speaker. Joe is currently the editor of the Compliance & Ethics Professional magazine, and the Director of Public Policy. Kirsten is a certified Compliance and Ethics Professional, an author, and a keynote speaker. They join Tom to talk about their book ‘The Compliance Entrepreneur’s Handbook’, and what insights compliance professionals can use from it in their organizations.   The Genesis The Compliance Entrepreneur’s Handbook is about helping people who want to go into business in the compliance and ethics field. Kristy explains that there was an initial presentation and that the three of them were assigned sections of the book to write. “Each one of us wrote an original draft of those sections, switched them so that each person made comments on them, and then I did the edit where

Dennis Kucinich is a career politician who has worked at the municipal, state, and federal levels and is joining Tom Fox on the Innovation in Compliance to talk about his newest book Division of Light and Power. This book is a story of corporate espionage, corporate sabotage, bank extortion of a city, and a mob-directed assassination plot that took place in Cleveland back in the 70s when Dennis was the mayor at only 31-years-old.  What Happened in Cleveland In Cleveland in the 1970s, there were two electricity companies: Munilight, a public company, and Cleveland Electric Illuminating Co, a private company. The municipal company was able to provide cheaper electricity to citizens of the city, and so became the target of an aggressive sabotage campaign on the part of CEI, so they could acquire the utility and have a monopoly on power in the city. They succeeded. As Mayor of Cleveland, Dennis tried to block the acquisition and became the target of a mob-directed assassination plot. Tom makes the point that is

To celebrate the 200th Episode of Innovation in Compliance, Tom Fox is joined by Dan Skolnick, the VP of Product Strategy for Financial Crimes at Lexis Nexis Risk Solutions to talk about fighting financial crime and terrorist financing with cutting-edge technologies. Dan got into the industry after a hot tip at a family party led him to Fircosoft, which was on its way to becoming an industry leader in financial crime prevention technology.  Ahead of the Curve Financial Crimes experts are much further ahead than other kinds of misconduct investigations professionals, so Tom asks about the evolution of Dan’s professional roles over his career. Dan says that when he started working in the industry, he was Sanction Screening for OFEC - but within a year of starting in the industry, the US Patriot Act was implemented which caused a huge shift in the type of work being done. The job has gone from looking for a very specific type of information to looking for risk across your customer base. Financial Crimes expert

Tom Fox’s guest this week is Lauren Sparks. Lauren is the founder, Chairperson and President of Agility Bank, a woman-owned and led commercial community bank. Lauren has more than 35 years experience as a banking executive and has dedicated her career to helping growth-oriented business leaders achieve their financial goals. She and Tom talk about digital innovations for banking, and why community banks should not be written off as a thing of the past. Fostering Small and Medium Business Lauren founded Agility Banking because she felt that many women were being left behind in the decision processes in financial services. As a women-owned and women-led organization, Agility Banking is a minority depository institution. This designation offers many opportunities, such as having larger financial institutions and large corporations as partners. “Community banks fill a space and do lending that the larger banks have backed away from,” Lauren explains. Loans are harder to come by for smaller businesses and communi

Tom Fox’s guest this week is Heather Buker. Heather is the Product Manager at Allgress and oversees the full life cycle of development and QA processes. She has spent her professional life in the world of computer engineering until making her way into the cybersecurity space. Tom welcomes her to this week’s show to talk about a new innovation from Allgress around authorizations to operate in the federal sector. All About Allgress Heather explains that Allgress is for highly regulated industries such as technology, government, and healthcare. “Allgress in general is a global provider of next-generation audit, compliance, security, and risk management solutions for organizations and their business partners to meet business risk objectives,” she says. Allgress enables organizations to streamline these processes and manage assessment monitoring in a more simplified way, and without the need for a contingent of consultants.  Fed Ramps & ATOs Tom asks Heather to explain what fed ramps and ATOs are and why they’re

Welcome to a special six-part podcast series, sponsored by Exiger, on the TRADES Framework, a conceptual, strategic and practical guide for Third-Party and Supply Chain Risk Management designed by Exiger to help organizations achieve supply chain resiliency and optimize risk management at any phase of maturity. In this concluding episode, I am joined by Brandon Daniels, President, Global Markets and Erika Peters, Managing Director, Global Markets Group Head of Tech Transformation to look at supplier monitoring and provide some concluding remarks. Highlights Include: S is for Supplier Monitoring. Program implementation. From ongoing monitoring to continuous improvement. Your Suppliers eco-system. The role of data aggregators and tech solutions. Resources Exiger TRADES Framework Exiger Website Brandon Daniels Erika Peters