Innovation In Compliance With Tom Fox

Welcome to a special five-part podcast series sponsored by K2 Integrity. In this series, we have considered the intersection of compliance, diligence and mergers & acquisitions (M&A). I have been joined by Hannah Coleman, Managing Director in K2 Integrity’s Investigations and Risk Advisory practice. She specializes in fast-moving, complex, and specialized research assignments in a variety of areas including investigative due diligence, corporate contests, intellectual property investigations, media transparency assessments, and litigation support. Also joining this series is Tom Pannell, Managing Director in K2 Integrity’s Investigations and Risk Advisory practice. With a focus on financial investigations, Tom leads multi-disciplinary teams working with corporate clients and their legal advisors responding to crisis events, including multi-jurisdictional white-collar crime, misconduct, financial statement fraud, anti-bribery and corruption incidents, and compliance risk advisory work. In this concluding episo

Welcome to a special five-part podcast series sponsored by K2 Integrity. This month we consider the intersection of compliance, diligence and mergers & acquisitions (M&A). I am joined by Hannah Coleman, Managing Director in K2 Integrity’s Investigations and Risk Advisory practice. She specializes in fast-moving, complex, and specialized research assignments in a variety of areas including investigative due diligence, corporate contests, intellectual property investigations, media transparency assessments, and litigation support. Also joining this week’s series is Tom Pannell, Managing Director in K2 Integrity’s Investigations and Risk Advisory practice. With a focus on financial investigations, Tom leads multi-disciplinary teams working with corporate clients and their legal advisors responding to crisis events, including multi-jurisdictional white-collar crime, misconduct, financial statement fraud, anti-bribery and corruption incidents, and compliance risk advisory work. In this episode, I visit with Tom ab

Welcome to a special five-part podcast series sponsored by K2 Integrity. This month we consider the intersection of compliance, diligence and mergers & acquisitions (M&A). I am joined by Hannah Coleman, Managing Director in K2 Integrity’s Investigations and Risk Advisory practice. She specializes in fast-moving, complex, and specialized research assignments in a variety of areas including investigative due diligence, corporate contests, intellectual property investigations, media transparency assessments, and litigation support. Also joining this week’s series is Tom Pannell, Managing Director in K2 Integrity’s Investigations and Risk Advisory practice. With a focus on financial investigations, Tom leads multi-disciplinary teams working with corporate clients and their legal advisors responding to crisis events, including multi-jurisdictional white-collar crime, misconduct, financial statement fraud, anti-bribery and corruption incidents, and compliance risk advisory work. In this third episode, I visit with

Welcome to a special five-part podcast series sponsored by K2 Integrity. This month we consider the intersection of compliance, diligence and mergers & acquisitions (M&A). I am joined by Hannah Coleman, Managing Director in K2 Integrity’s Investigations and Risk Advisory practice. She specializes in fast-moving, complex, and specialized research assignments in a variety of areas including investigative due diligence, corporate contests, intellectual property investigations, media transparency assessments, and litigation support. Also joining this week’s series is Tom Pannell, Managing Director in K2 Integrity’s Investigations and Risk Advisory practice. With a focus on financial investigations, Tom leads multi-disciplinary teams working with corporate clients and their legal advisors responding to crisis events, including multi-jurisdictional white-collar crime, misconduct, financial statement fraud, anti-bribery and corruption incidents, and compliance risk advisory work. In this second episode, I visit with

Kayvan Alikhani is the CEO and co-founder of Compliance.ai, a company dedicated to empowering professionals with the smartest regulatory and compliance change management platform. He has over thirty years of experience and expertise in software and cybersecurity. Tom Fox welcomes him to this week’s episode as they discuss modernizing compliance practices and helping risk practitioners do a better job of managing risk. Red Tech It used to be that compliance professionals could manage the pace and complexity of regulations and changes happening around them with simple tools. Presently, the scope of changes and complexity has increased, giving rise to a set of modern solutions that can capture, monitor, and take action on these changes. This modern technology is called red tech.  Compliance Meets AI Tom asks Kayvan to explain what ‘Compliance meets AI’ means to him. Kayvan responds that it means using AI to help compliance professionals make regulatory changes. “Artificial intelligence emerging as a stable, re

Welcome to a special five-part podcast series sponsored by K2 Integrity. This month we consider the intersection of compliance, diligence and mergers & acquisitions (M&A). I am joined by Hannah Coleman, Managing Director in K2 Integrity’s Investigations and Risk Advisory practice. She specializes in fast-moving, complex, and specialized research assignments in a variety of areas including investigative due diligence, corporate contests, intellectual property investigations, media transparency assessments, and litigation support. Also joining this week’s series is Tom Pannell, Managing Director in K2 Integrity’s Investigations and Risk Advisory practice. With a focus on financial investigations, Tom leads multi-disciplinary teams working with corporate clients and their legal advisors responding to crisis events, including multi-jurisdictional white-collar crime, misconduct, financial statement fraud, anti-bribery and corruption incidents, and compliance risk advisory work. In this first episode, I visit with

Justin Beals is the CEO and co-founder of Strike Graph, a company helping customers get through their cybersecurity audits. He’s a serial entrepreneur with expertise in AI, cybersecurity, and governance. He founded Strike Graph with the goal to make cybersecurity standards easy to understand and easily accessible. Tom Fox welcomes him to this week’s show to discuss cybersecurity, auditing, and building maturity within an organization. SOC/SOC2 Audit Justin explains to Tom the origins of SOC: it was created to ensure that third-party vendors who trade with public companies, and the public companies themselves, were implementing effective cybersecurity practices. SOC2 Audit is a cybersecurity standard that focuses on security within an organization in a number of ways including HR practices, code of conduct, and other compliance liability issues. SOC2 analysis is about how data is encrypted and how new codes get put on servers. “The achievement of something like a SOC2 represents two things: one is an organiza

Rashelle Tanner is the Director of Compliance Learning Program at the Office of Legal Compliance at Microsoft. A senior attorney, she is responsible for the trust and integrity learning program for Ethics and Compliance. Rashelle develops and delivers learner-centered anti-corruption and ethical decision-making courses that empower employees to do business the right way. Tom Fox welcomes her to this week’s show to discuss how compliance professionals can incorporate and promote integrity in training, and how to reimagine training in innovative ways for the organization’s ultimate benefit. The Importance of Integrity Tom asks Rashelle to explain why integrity is integral to compliance. She stresses that people have to follow rules not just because they’re there, but also because they feel motivated to do so. The focus on “doing the right thing” is becoming less on what you can and cannot do, and more on your day-to-day decisions. Focusing on integrity will help you make more ethical decisions. Compliance and

Stacey Hanke is an author, keynote speaker, and the founder of Stacey Hanke Inc. The goal of Stacey Hanke Inc is to help leaders become their true selves by equipping them with the tools to increase their confidence and authenticity. Tom Fox welcomes her to this week’s show as they discuss influence and how it can help leaders and people who simply wish to learn how to become better employees. The Importance of Consistency Tom asks Stacey to explain why consistency is critical to influence. Stacey expresses that it shows our peers, customers, and employees who we truly are as business leaders. Consistency in all forms within your organization - from how you answer messages and calls, to how you show up for interactions - builds trust. The moment we stop behaving consistently, we run the risk of individuals second-guessing who we are, and that creates a break in trust. Trust is the backbone of influence. Trust comes from respect, and they both work together to drive influence, so leaders have to stay consiste

Today, we wrap up our multi-part podcast series, Smart Automation for Risk Management, sponsored by Lextegrity Inc., with a special bonus episode where Parth Chanda, Founder and Chief Executive Officer (CEO), and I discuss Lextegrity’s Integrity Analytics Collective.  What is the Integrity Analytics Collective? I put that question to its founder Chanda. He related that it was launched in 2020 “in partnership with nearly a dozen partner organizations from across the world.” It’s ultimate goal is to “collaborate with thought leaders to further democratize data analytics for organizations of all sizes globally.” The Collective brings together the practitioners from member organizations “who are really ‘into the weeds’ practitioners, they are thought leaders in those organizations and they bring all of us together with as well.” What we all have in common is “a desire to raise the standard of data analytics for everyone who wants access to them.” The Collective wants to help organizations of any size in the world

Welcome to a multi-part podcast series, Smart Automation for Risk Management, sponsored by Lextegrity Inc. Over this series, we have visited with Parth Chanda, Founder and Chief Executive Officer (CEO), Andy Miller, Chief Analytics Officer, and Kara Bonitatibus, Head of Product. We have looked at the Lextegrity Product Suite, taken a deep dive into continuous risk monitoring, considered pre-approvals and third-party due diligence and integrations and user experience. In a special bonus episode, Chanda and I will discuss the Integrity and Analytics Collective. In Episode 5, I visit with Bonitatibus on integrations and the user experience.  We began with data integration, which is one of the biggest challenges facing every Chief Compliance Officer (CCO), compliance professional and indeed corporate compliance function. Bonitatibus said the starting point is to create software solutions that are intuitive, data-driven and integrated. Lextegrity has created various integrations in the pre-approval application, co

Welcome to a multi-part podcast series, Smart Automation for Risk Management, sponsored by Lextegrity Inc. Over the course of this series, we are visiting with Parth Chanda, Founder and Chief Executive Officer (CEO), Andy Miller, Chief Analytics Officer, and Kara Bonitatibus, Head of Product. We have reviewed Lextegrity Product Suite, taken a deep dive into continuous risk monitoring, considered pre-approvals and third-party due diligence and integrations and user experience. In a special bonus episode, Chanda and I will discuss the Integrity and Analytics Collective. In Episode 4, I visit with Bonitatibus on pre-approvals and third-party due diligence.  We began with a discussion of the pre-approval process and third-party due diligence monitoring tools that Lextegrity has developed. Bonitatibus initially noted that often times the business folks see the compliance function as the department of holding things up. This led the Lextegrity team to look at questions such as “how do you build a system that is eas

Welcome to a multi-part podcast series, Smart Automation for Risk Management, sponsored by Lextegrity Inc. Over the course of this series we will be visiting with Parth Chanda, Founder and Chief Executive Officer (CEO), Andy Miller, Chief Analytics Officer, and Kara Bonitatibus, Head of Product. We are reviewing the Lextegrity Product Suite, taking a deep dive into continuous risk monitoring, considering pre-approvals and third-party due diligence and integrations and user experience. In a special bonus episode, Chanda and I will discuss the Integrity and Analytics Collective. In Episode 3, I conclude my two-part visit Miller about risk monitoring with data analytics.  We began with the Department of Justice’s (DOJ) 2020 Update to the Evaluation of Corporate Compliance Programs, (2020 Update), which mandated for the first time that compliance practitioners and the corporate compliance function have access to a company’s data lakes. Miller believes the DOJ 2020 Update has really been an eye opener for a lot of

Welcome to a multi-part podcast series, Smart Automation for Risk Management, sponsored by Lextegrity Inc. Over the course of this series, we will be visiting with Parth Chanda, Founder and Chief Executive Officer (CEO), Andy Miller, Chief Analytics Officer, and Kara Bonitatibus, Head of Product. We will look at the Lextegrity Product Suite, take a deep dive into continuous risk monitoring, consider pre-approvals and third-party due diligence and integrations and user experience. In a special bonus episode, Chanda and I will discuss the Integrity and Analytics Collective. In Episode 2, I begin a two-part exploration Miller about risk monitoring with data analytics. We began with a discussion about what a continuous monitoring solution is. Miller said that it “provides compliance and audit teams with a comprehensive way to keep a pulse on transactional spend and revenue risk in their enterprise.” The Lextegrity application “features a library of dozens of prebuilt risk data analytics across a spectrum of focus

Tom Fox’s guests this week are Anil Karmel and Travis Howerton, co-founders of C2 Labs. They both had leading positions in the government’s nuclear weapons program and left to found their company. They and Tom talk about “fixing the cadence mismatch” between digitally transforming heavily regulated industries and the need for compliance. Technology vs Compliance “Business processes in heavily regulated industries are built to standardize the way systems are built, designed, deployed and to protect the organization,” Anil remarks. “So you know really to transform technology business processes need to also be transformed… There's really been this need to fix this cadence mismatch between the need to be compliant and the need to modernize technology.” Travis adds that two-thirds of organizations find digital transformation challenging. Their goal at C2 Labs is to help clients modernize their business processes using technology tools, while maintaining compliance, and even reducing cost and risk. RegOps in Comp

Welcome to a multi-part podcast series, Smart Automation for Risk Management, sponsored by Lextegrity Inc. Over the course of this series, we will be visiting with Parth Chanda, Founder and Chief Executive Officer (CEO), Andy Miller, Chief Analytics Officer, and Kara Bonitatibus, Head of Product. We will look at the Lextegrity Product Suite, take a deep dive into continuous risk monitoring, consider pre-approvals and third-party due diligence and integrations and user experience. In a special bonus episode, Chanda and I will discuss the Integrity and Analytics Collective. In Episode 1, we meet Chanda, Miller and Bonitatibus who introduce Lextegrity and the Lextegrity Product Suite.  Lextegrity began through a frustration Chanda had with the then products available to him for a compliance solution from the data analytics perspective, which would utilize data for risk management. Out of this frustration, Lextegrity was founded by subject matter experts across compliance, legal and audit disciplines with a real

Paul Clayson has an interesting and eclectic career history: he went from real estate to politics - including working for two US Presidents - then to corporate finance and investing. He tells Tom Fox about his experience working as CEO of several technology companies after which he moved into consulting. He first consulted for AgilePQ, his present company, and was asked to join as CEO. Paul joins Tom to discuss the top lessons he learned as CEO, as well as security for technology in the present and future. Timely Intervention “...Encryption and security technology has lagged the development of computers,” Paul tells Tom. Computers are becoming smaller but existing encryption is too large to fit on these small devices. As a result, very few IoT devices have security on them. Paul feels strongly that it’s time to “catch up”. Leadership Lessons for CEOs Tom asks Paul to share his top leadership lessons as CEO. Paul says:  The CEO has more bosses than any other position in the company; Your job as CEO is to g

Jenna Waters is a Cybersecurity Consultant at True Digital Security where she specializes in information security program development, industry compliance assessments, threat intelligence, and cloud security controls. She helps clients through the challenges of cybersecurity program development and holistic security consulting, and also consults companies across varying industries. Tom Fox welcomes her to this week’s show as they discuss technological safety within industries, and what her company is doing to curb cyber attacks. The Micro/Macro Focus Jenna is a USN veteran, and during her time in the Navy, she worked on highly sophisticated computer information systems and with a lot of other sophisticated technologies as well. Tom asks her to elaborate on the Navy’s approach to cybersecurity as opposed to the public and private sector. Jenna iterates that the Navy, as well as any other military, federal, or law enforcement agency, is focused on a very global, or what she calls a “macro threat” environment.

Jehan Jeyaretnam is the Director and Head of Compliance Services at Acuity Knowledge Partners, one of the world’s largest knowledge process outsourcing firms. Jehan leads the Compliance Business Division, supporting clients with regulatory and anti-financial crime surveillance issues. Tom Fox welcomes him to this week’s show as they discuss ways of implementing knowledge outsourcing within work environments. Knowledge Processing Tom asks Jehan to define the term “knowledge processing.” Jehan explains that it is a point of view where you have the resources that are supported based on particular specialized knowledge. It’s an area where analytics and judgment reform is required, along with domain understanding and subject matter expertise. It is different from business processing in that it’s more than simply rules-led and considers knowledge offshoring functions.  The Four Pillars of Acuity Jehan explains that there are four pillars of compliance within Acuity Knowledge Partners. He states that the company s

Chris Fuller is an author and the President and CEO of Influence Leadership Inc, an organization focused on serving businesses through the development and growth of their people. He is a keynote speaker and has facilitated many strategic sessions for large companies. This experience has given him valuable, best-practice insights. Tom Fox welcomes him to this week’s show as they discuss ideas and strategies to help you around leadership. Mid-Level Management & Cultural Change Chris wants to help leaders achieve their dreams, while also creating a great work environment for their employees. The day-to-day reality of leadership is a challenge, and new mid-level managers get burned out when they are promoted without proper preparation. "I have a strong focus on the first-time leaders, to prepare them so that they're set up for success, not set up for struggle," Chris says. Embedding this as a culture within an organization will have to involve senior leadership. "We start with the mid-level, we make sure that we