Compliance into the Weeds

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 episode Matt comes in smoking hot over the Trump Administration’s attempted evisceration of the US Postal Service. He cools down to present multiple lessons for the compliance professional.Some of the highlights include: What is the controversy? What happens when the CEO has a conflict of interest with his own organization? What happens when business objectives conflict with business priorities? How the amplification of social media can create undue pressures.  ResourcesSee Matt’s blog post, Governance Lessons from the Postal Service on Radical Compliance. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 episode Matt Kelly and Tom Fox consider the $20+ billion spend by Wells Fargo for its various regulatory fines and penalties, investigative and remediation costs since the initial announcement of its fraudulent accounts scandal back in 2016.Some of the highlights include: How can you spend over $1bn on compliance remediation in one quarter? Just how bad was the Wells Fargo culture? Can the bank ever get it right? How much is a functioning corporate culture worth?  ResourcesSee Matt’s blog post, Wells Fargo’s Staggering Compliance Costs on Radical Compliance. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 episode Matt Kelly and Tom Fox take a look at an Op-Ed piece penned by Alexander Vindman in the Washington Post where detailed his experiences as a whistleblower in the Trump White House.Some of the highlights include: What is the psychology for a whistleblower? What is the role of senior management in a speak up culture? What is the role of a CCO after a whistleblower speaks up? What are the ethical values of a whistleblower? ResourcesSee Matt’s blog post, A Must Read on Whistleblower Retaliation on Radical Compliance. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 episode Matt Kelly and Tom Fox take a look the economics of compliance conferences. Who will be the winners and losers with conferences going virtual through the rest of 2020 and beyond? Some of the highlights include: Compliance conference economic basics. How does this change in the age of virtual events? What about compliance conferences that do not need to make money? What are the differences in live and virtual conferences and do those differences make a difference in the experience?  ResourcesSee Matt’s blog post, SCCE Conference Going Virtual on Radical Compliance. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 episode Matt Kelly and Tom Fox take a look the recent domestic bribery and corruption enforcement action involving ComEd, a subsidiary of energy giant Exelon Corp. and the largest utility in the state of Illinois, agreeing to pay $200 million to settle federal corruption charges that also involve one of the state’s most powerful politicians. Some of the highlights include: Compliance practitioners need to remember domestic bribery and corruption as well as international. The bribes were offering lucrative lobbying contracts and no-show jobs to associates of Illinois House Speaker Michael Madigan. How did compliance save the day for ComEd? What about the Board of ComEd and Exelon? Is there a real commitment from the top?  ResourcesSee Matt’s blog post, ComEd Pays $200 Million on Domestic Bribery on Radical Compliance. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 episode Matt Kelly and Tom Fox take a look the recent enforcement action by New York banking regulators against Deutsche Bank, which resulted in a $150 million penalty for its business dealings with Jeffrey Epstein. The matter is full of corporate miss-steps, compliance failures, corporate governance disasters and presents a cautionary tale for every compliance professional. ResourcesSee Matt’s blog post, Deutsche Bank’s Many Epstein Failures on Radical Compliance. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 episode Matt Kelly and Tom Fox take a look the recently released FCPA Resource Guide, 2nd edition; released jointly last week by the Department of Justice and Securities and Exchange Commission.ResourcesFrom Tom, check out his five part blog post series on the new FCPA Resource Guide on the FCPA Compliance and Ethics Blog.For a copy of the FCPA Resource Guide, 2nd edition, click here. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 episode Matt Kelly and Tom Fox take a look the recently announced Novartis FCPA enforcement action. We discuss the background facts, bribery schemes, fines and penalties, data analytics approach and conclude with lessons learned. ResourcesFrom Matt, Novartis Settles FCPA Case for $345 MillionFrom TomPart 1-IntroductionPart 2-the Bribery SchemesPart 3-Internal ControlsPart 4-Fines, Penalties and Recidivism Learn more about your ad choices. Visit megaphone.fm/adchoices

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 episode Matt Kelly and Tom Fox take a look this week’s United States Supreme Court decision in Liu v. Securities and Exchange Commission, which upheld the SEC remedy of profit disgorgement. We consider the background facts of the case and how the Court reached its decision. We also consider what the decision might mean for FCPA enforcement and compliance professionals going forward. For a copy of the decision in Liu v. SEC, click here. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this special emergency weekend episode (our first) Matt Kelly and Tom Fox take a deep dive into the attempt by AG William Barr to fire the US Attorney for the Southern District of New York, late on the evening of June 19. We consider its legality, what it means for both the SDNY, SEC and white-collar law enforcement going forward.  Resources See Matt Kelly blog post on Radical Compliance, Turmoil for SEC, SDNY LeadershipBarr tries to fire US Attorney for SDNY. (NYT)Jay Clayton nominated as new Attorney for SDNY. (CoinDesk)Berman says will not step down. (WaPo)Barr does not have authority to fire Berman under Court order appointing him. (Law and Crime) Learn more about your ad choices. Visit megaphone.fm/adchoices