Innovation In Compliance With Tom Fox

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

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. Today we consider the TRADES Framework uplift evaluation with Brandon Daniels, resident, Global Markets and Josh Thiel, Executive Intern (Former Commander of Special Operations Task Force). Highlights Include: E is for evaluation. Evaluation at the Strategic Level. The role of the Board. What is the role at the Program Level? The Tactical Level? What is the role of senior leadership? Join us for our concluding episode, when Brandon Daniels and Erika Peters give a review of supplier monitoring and an update on how government and critical industry are leading the charge using TRADES to out-pace threats and vulnerabilities while minimizing third party and supply chain risk management gaps.  Resource

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 episode,In this episode, I visited with Carrie Wibben, Senior Vice President, Exiger Federal Solutions   and Aaron Narva, Senior Vice President, Head of Corporate Markets on determining risk mitigations.  Highlights Include: D is for determine risk mitigation. Solving problems and taking action. Both critical and creative thinking required. Coordination with the compliance function. The Role of Due Diligence. Join us tomorrow, where we discuss the step, evaluate the TRADES Framework uplift with Brandon Daniels and Josh Thiel. Resources Exiger TRADES Framework Exiger Website Aaron Narva Carrie Wibben

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 episode, I visit with Laura Tulchin, ESG Solutions Lead and Peter Jackson, ESG Solutions Lead and Peter Jackson - Director of SCRM Data Management & Innovation on assessing your current risks. Highlights include: A is for assessing risks. What is the ESG angle? Why is the maturity of your program critical? How do you put this into practice? Source provenance and authentic markers. Resources Exiger TRADES Framework Exiger Website Laura Tulchin Peter Jackson

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 episode, I visit with Theresa Campobasso, Senior Account Manager, National Security and Intelligence and Matt Hayden, Deputy Lead of GovTech Solutions (Former Assistant Secretary of Homeland Security for Cyber, Infrastructure, Risk, and Resilience) on risk methodology. Highlights Include: R is for Risk Methodology. Look at risk from multiple levels. Determining your Crown Jewels. Look at Macro Risks. Join us in our next episode where we discuss how to assess current risks with Laura Tulchin and Peter Jackson. Resources Exiger TRADES Framework Exiger Website Theresa Campobasso Matt Hayden

Dan Zitting, previously Chief Product Officer, now holds the title of CEO at Galvanize, a software company that helps its clients achieve their goals and objectives. Tom Fox welcomes him back to this week’s show to talk about fraud risks, and what it means for the compliance professional. A Period of Change Rapid change during the pandemic is the main catalyst for the increase in fraud. The move to remote work created new susceptibility to cyber fraud. “The pandemic and the news, and noise created around it, created all kinds of new ways for clever social engineers to talk people into doing things they shouldn't be doing,” Dan explains to Tom. It’s important for GRC professionals to be aware of and ready for change, he adds. We have to realize that change has sped up and will continue to do so in the business environment, regulatory environment, and social justice areas. The rate at which change will increase will be much greater in the future than it has been in the past. Choosing The Right Technology Choo

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. Exiger was founded to fight financial crime, fraud and terrorist financing by introducing technology-enabled solutions to the market's biggest supply chain, risk, investigation, litigation, and compliance challenges. A global authority on risk and compliance, Exiger serves the world's largest banks, Fortune 1000 companies and government agencies and regulators. In this first episode, we consider transparency with Skyler Chi and Tim Stone.  Highlights include: T is for Transparency. Taking stock. Using internal and external elements. What is inherent risk? What is imposed risk? 3 Levels: Strategic, Program an Entry. Join us in our next episode, where we discuss the Risk Methodology with Theresa C

Tracy Manning is the Director of Financial Crime at LexisNexis Risk Solutions, and is Tom Fox's guest this week on this episode of the Innovation In Compliance Podcast. She is a digital identity and financial crime expert, and currently leads the Commercial Strategy and Product Innovation for Financial Crime Market at LexisNexis. In this episode, Tracy and Tom are discussing the growth of digital transactions in the past year and what issues it may pose for compliance. The Growth of Digital Transformation Tracy remarks that the pandemic spurred digital growth, especially digital transactions. Digital commerce grew 44% last year, and its rate of acceleration is about five to seven years ahead. She adds that surveys show that these trends will not reverse, even as the world reverts to pre-pandemic environments.  Greater the Explosion, Greater the Risk  “With this explosion obviously we have greater opportunities, but I think perhaps greater risk,” Tracy says. While the vast growth of digital transformations i

David Carns is the Chief Revenue Officer at Casepoint LLC, an eDiscovery platform for the artificial intelligence space. He is an attorney and technologist who has always been fascinated by the intersection between law and technology. Tom Fox welcomes him to this week’s show as they talk about his current role at Casepoint, the evolution of eDiscovery, and what it means for compliance and compliance professionals. How Casepoint Has Evolved Casepoint was initially focused on law firms but, as David explains to Tom, their expertise and knowledge on legal techniques are now spread out to all sectors and segments in the legal industry. The platform of Casepoint has also evolved from consultancy to predominantly software. Its legal discovery platform has moved beyond eDiscovery towards more of a development environment that supports legal workflows. “What Casepoint has become, is for many people a repository of either discovery ready data or data around internal investigations ...it has expanded quite a bit beyon

Brad Moore, the President and CEO of Global Cannabis Applications Corp, started his career in marketing, working at Kodak, where he got an exceptional education in how to sell. His company is creating innovative strategies and solutions in the cannabis space. Always someone to be on the cutting edge of technology. He and Tom are discussing blockchain technology, navigating an industry without nearly enough data, and helping end-users make the best possible decisions. Push-Pull Education Brand and brand awareness is how you “cross the chasm” between an idea and the market. In his current industry, there is a cultivator at one end and a consumer at another, but the data and understanding that should help regulatory bodies facilitate communication between the two aren’t available. This means there is a lot of work that has to be done in education. It’s using a push-pull strategy to provide the education required to do certain things or communicate certain things, and that’s the pull strategy – the education, and

Tom Fox’s guest on Day 5 of Microsoft Week is Jesus Fernandez. Jesus is the Senior Program Manager at Microsoft. He specializes in data intelligence, risk management, and policy compliance. He joins Tom to talk about his role at Microsoft, data analytics, and its role in compliance, and the future for this industry. Driving Compliance Through Data Analytics Tom asks Jesus to explain how he uses data in compliance. Jesus tells Tom that Microsoft uses data to decide which partners to keep conducting business with. Deciding which partners need support and where the company needs to focus its energy is vital, and analyzing the data helps them make those important decisions. Tom remarks that Jesus and his team not only use data analytics to drive compliance but to also help businesses run more efficiently.  Data From a Compliance Perspective Tom asks Jesus to give an example as to how data analytics has helped improve operations at Microsoft. Jesus responds that it started from looking at data from a compliance

Tom Fox’s guest on this episode of the Innovation in Compliance podcast is Erica Toelle. Erica is the Senior Product Marketing Manager for Records Management and InfoGov at Microsoft. As a long-time member of the Microsoft community, she has been dedicated to growing the information governance and records management business and listening to customers and partners to make solutions better. Erica joins Tom to talk about her role at Microsoft, and how the info governance and record management space will evolve in the near future. Improving Operations Erica loves to help companies improve their operations using technology. It's interesting to work with an organization's compliance experts and help to translate their requirements into Microsoft technology, she tells Tom. “The pace of change in technology has been fast the last 20 years and there are often better ways of doing things, but you have to balance doing things the best way with disrupting productivity and business through change,” she remarks. She argu

Joseph Davis, Microsoft’s Chief Security Advisor for Health and Life Sciences, is a trained medical practitioner, but his professional background is “almost 100% IT and cybersecurity.” He has always been interested in technology: in medical school he helped develop a program to assist clinicians in diagnosing their patients more accurately. He joins Tom Fox on Day 3 of Microsoft Week to talk about the role of cybersecurity in life sciences and the traits cybersecurity professionals need to do their jobs effectively. The Role of Cybersecurity Tom asks, “What is the role of cybersecurity in the healthcare life science industry today?” Joseph responds that it’s a must-have since this industry is considered critical infrastructure. People’s lives depend on keeping systems and processes safe from cyber attacks, he points out. Most medical devices now have communication components such as WiFi or Bluetooth - these are called connected medical devices - so they are vulnerable to cybersecurity breaches which can cau