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 Kelly and Tom Fox take another deep dive into the Wynn Monitor report. Today we consider the issues around third parties; including vendors in the Supply Chain and the rigor of the approval process and role of the corporate compliance function and CCO. We also discuss how customers and especially high rollers are treated.  ResourcesSee Matt Kelly blog post, Wynn Part 2: Third-Party Oversight 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 two examples of ham-fisted leadership; one by Facebook CEO Mark Zuckerberg and the second by NFL Commissioner Roger Goodell. Both also had to respond to employee near revolts over their poor leadership. For Zuckerberg it was his refusal to stop President Trump’s incendiary and race-bait tweeting. For Goodell, it was lack of acknowledge of the racist murder of George Floyd.ResourcesSee Matt Kelly blog post, Two Tales of Ham-Fisted Leadership 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. This past weekend saw some of the largest protests and violence this country has seen in 50+ years in the wake of the killing of George Floyd. In a very somber episode, in this podcast Matt Kelly and Tom Fox try to make some sense of leadership responses to the protests over the Floyd killing and explore if there is a compliance-based approach to remedying the institutional racism which led to his killing.ResourcesA good general summary of anti-racism resources:https://docs.google.com/document/d/1BRlF2_zhNe86SGgHa6-VlBO-QgirITwCTugSfKie5Fs/preview?pru=AAABcnb5mB8*DxXs7K_umbRHlS1kzEln3gA website that gives you specific bail funds for your city: The Bail Project, a nonprofit that aims to mitigate incarceration rates through bail reform.https://bailproject.orgOther places to donate:Black Visions Collective, a black, trans, and queer-led social justice organization and legal fund based in Minneapolis-St. Paul.https://www.blackvisionsmn.org/aboutThe Minnesota Freedom Fund, which pays criminal and immigration bail and bond for people who cannot afford it.https://minnesotafreedomfund.org/bailbondfaqThe Brooklyn Bail Fund, which helps pay bail for those who cannot afford it.https://brooklynbailfund.org/donation-formThe NAACP Legal Defense Fund, which supports racial justice through advocacy, litigation, and education.https://www.naacpldf.org/about-us/Communities United Against Police Brutality, which operates a crisis hotline where people can report abuse; offers legal, medical, and psychological resource referrals; and engages in political action against police brutality.https://www.cuapb.org/what_we_doNorthstar Health Collective, a St. Paul–based organization that provides health services and support at protests.https://northstarhealth.wordpress.com/about-us/The ACLU, which provides legal services and support for a broad range of people with civil rights complaints.https://www.aclu.org/issues/racial-justice 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 podcast Matt Kelly and Tom Fox take a deep dive into how business leaders can demonstrate values during times of difficulty, specifically when the CEO of Airbnb was required to layoff nearly 25% of the company’s workforce.Some of the highlights include: How can tone at the top be so critical during the coronavirus health crisis and economic dislocation? Airbnb’s CEO Brian Chesky’s communication to employees. How does clarity and certainty in Brian Chesky’s letter help make the layoffs more palatable? Why are personal meetings so critical? Why is dignity to a RIF’d employee so critical? What can the compliance professional learn from this experience? How (and why) was the Weight Watchers massive layoff so different? See Matt Kelly blog post Demonstrating Values During Difficulties 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 podcast Matt Kelly and Tom Fox take a deep dive into the attestation required by the Commonwealth of Massachusetts for businesses eligible to reopen in response to Covid-19.Some of the highlights include: What is the attestation requirement? What policies and procedures are a company mandated to have to reopen? What training must a company give its employees? What is the four-phase plan that Massachusetts will implement to effect reopening? What has been the decision-making process of the Massachusetts Governor Charlie Baker? When will sports reopen in Boston? See Matt Kelly blog post Massachusetts Covid-19 Attestation 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 podcast Matt Kelly and Tom Fox take a deep dive into the compliance job market, during the middle of Covid-19 health crisis and into the rest of 2020 and beyond.Some of the highlights include: The Radical Compliance Job Report is growing not lessening. Why is the market for CCO types frozen and wrecked? Will a thaw come in the second half of the year? WWill the Big Brother interview appear? Does Covid-19 hasten the move to more tech solutions in the AML compliance world and beyond? What is happening with salaries? What industries are bullish on compliance hiring? 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 podcast Matt Kelly and Tom Fox take a deep dive into the recent mandate from the CDC that CEOs, CCOs and CFOs certify and attest that each employee who disembarks from a cruise ship has met the CDC requirements to do so, under potential criminal penalty. Three cruise lines, Royal Caribbean, Carnival Cruises, and Norwegian Cruise Line have over 100,000 employees cooped up on ships in US ports. The CDC wants to make certain that when they come on land, it is safe for everyone.Some of the highlights include: What are the CDC requirements? Why does the CDC want CEO, CCO and CFO attestation? Should these corporate leaders agree to do so? What is about the employees on the ships? Given that at least 100 cruise ships that set sail after March 4, the first day that a passenger died of Covid-19 while on a cruise stopping in the United States, is this warranted? What does it mean for potential liability going forward? ResourcesMatt Kelly blog post, Cruise Lines Face Covid-19 Compliance Squeeze 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 podcast Matt Kelly and Tom Fox take a deep dive into the recently released CDC Inspection Report for the Smithfield Foods’ South Dakota meat packing facility. Last week, the CDC published a report that recommended more than 100 remediation steps Smithfield should implement so it can reopen the plant as soon as possible. We explore them from the compliance perspective.Some of the highlights include: What are the CDC services which led to the Report? Smithfield Foods was not designed to prevent the spread of infectious diseases. What must it do now? What are some of the key elements needed for a successful reopening? What is the role of the CCO in reopening? How can physical layout be a control? What are the potential legal liabilities to Smithfield Foods? ResourcesMatt Kelly blog post, Smithfield Foods and Covid-19 Controls 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 podcast Matt Kelly and Tom Fox take a deep dive into the recently released SEC enforcement action against ENI involving FCPA violations, which was released just before 5 PM on Friday April 17.Some of the highlights include: What were the background facts? What is the standard a parent has over a subsidiary for FCPA violations? What were the internal controls violations? What were the books and records violations? What are the lessons learned for the compliance professional? Did the fact that ENI was a recidivist make any difference? ResourcesMatt Kelly blog post, ENI Settles FCPA Case for $24.5 MillionTom Fox blog post, Recidivist ENI 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 podcast Matt Kelly and Tom Fox take a deep dive into the hotline benchmark report from Navex Global which was previewed on a recent webinar Matt attended. Some of the data was quite interesting and perhaps even troubling.Some of the highlights include: Case closure times are longer this year. Why are they lengthening? The five top categories of cases reported. Reports via online reporting v. telephone call nearly doubled. Reports of violations of business integrity violations are on the uptick. The #MeToo movement is over two years old, what do the numbers reveal? ResourcesMatt Kelly blog post, Report: Hotline Cases Taking More Time Learn more about your ad choices. Visit megaphone.fm/adchoices