Compliance into the Weeds

The award winning, 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. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode of Compliance into the Weeds, Tom Fox and Matt Kelly look the recent hack of McKinsey’s AI tool Lilli.  Tom and Matt discuss a Financial Times report that a white-hat hacker, Paul Price of one-person firm Code Wall, exploited flaws in McKinsey’s internal AI tool “Lilli” to access millions of internal chat messages, view sensitive client-related file names, and see the model weights used to train the system; McKinsey patched the vulnerabilities after disclosure. They argue the incident highlights emerging AI risks beyond traditional cybersecurity, including AI agents autonomously scouting for targets, the possibility of attackers altering models to change outputs and create hard-to-detect “drift,” and confusion over who inside organizations owns AI security and governance. The episode also explores the messy, inconsistent disclosure landscape for AI-related incidents and urges compliance and GRC leaders to slow AI adoption, pressure-test systems, clarify accountability, ensure kill-switch/manual fallback capabilities, and consider reputational fallout.  Key Highlights  ·      McKinsey AI Hack Overview ·      Three Big Implications ·      Model Drift and Tampering ·      GRC Playbook for AI Risk ·      Accountability and Kill Switches  Resources Matt in Radical Compliance   Tom   Instagram Facebook YouTube Twitter LinkedIn   A multi-award winning podcast, Compliance into the Weeds was most recently honored as one of a Top 25 Regulatory Compliance Podcast and a Top 10 Business Law Podcast, and a Top 12 Risk Management Podcast. Compliance into the Weeds has been conferred a Davey, Communicator and w3 Award, all for podcast excellence.  Learn more about your ad choices. Visit megaphone.fm/adchoices

The award winning, 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. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode of Compliance into the Weeds, Tom Fox and Matt Kelly look two recent developments sending a common message to compliance teams.   First, DOJ antitrust official Daniel Glad warns that a new Antitrust Whistleblower Awards program and increased pursuit of prison time for individuals compress companies’ timelines to investigate and self-disclose, because insiders may report first and cost those firms potential leniency. Second, Senate Democrats led by Elizabeth Warren propose the FCPA Reinforcement Act to extend the FCPA statute of limitations from five to 10 years for an eight-year window, aiming to preserve future enforcement capacity for misconduct occurring now. They connect these “sticks” with “carrots” such as fast declinations for self-disclosure, emphasizing the need for robust compliance programs, strong reporting culture, prompt investigations, and clear decisions on disclosure regardless of who controls Washington.  Key Highlights  ·      Two Washington Signals ·      Antitrust Whistleblower Push ·      FCPA Reinforcement Act ·      Carrots Sticks and Culture ·      Why Internal Reporting Matters ·      Self Disclosure Through Line  Resources Matt in Radical Compliance here and here  Tom   Instagram Facebook YouTube Twitter LinkedIn  A multi-award winning podcast, Compliance into the Weeds was most recently honored as one of a Top 25 Regulatory Compliance Podcast and a Top 10 Business Law Podcast, and a Top 12 Risk Management Podcast. Compliance into the Weeds has been conferred a Davey, Communicator and w3 Award, all for podcast excellence.  Learn more about your ad choices. Visit megaphone.fm/adchoices

The award-winning Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore it more fully. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode of Compliance into the Weeds, Tom Fox and Matt Kelly look at the recently announced new Southern District of New York standard for Declinations. They look at SDNY U.S. Attorney Jay Clayton’s newly released self-disclosure/cooperation/declination policy and its implications for corporate compliance. While the core elements, prompt voluntary disclosure, cooperation, remediation, and restitution, mirror existing DOJ expectations, they highlight a significant change: SDNY now treats “aggravated circumstances” as certain categories of crimes that are categorically ineligible for declinations, including foreign corruption/FCPA, sanctions evasion, terrorism, sex trafficking with minors, smuggling, drug cartels, and forced labor, rather than focusing on offense traits such as senior management involvement or recidivism. They note potential inconsistencies with DOJ’s corporate enforcement approach, uncertainty about disclosure timing despite references to promptness and pre-investigation disclosure, broad discretion in enforcement, and the risk of forum shopping. Key highlights: Why SDNY Declinations Matter Clayton Policy Key Changes Aggravated Circumstances Redefined FCPA Carve Out Confusion Timing and Disclosure Pressure Cooperation Restitution Disgorgement Resources: Matt in Radical Compliance Tom in the FCPA Compliance and Ethics Blog Tom Instagram Facebook YouTube Twitter LinkedIn A multi-award-winning podcast, Compliance into the Weeds was most recently honored as one of the Top 25 Regulatory Compliance Podcasts, a Top 10 Business Law Podcast, and a Top 12 Risk Management Podcast. Compliance into the Weeds has been conferred a Davey, a Communicator Award, and a W3 Award, all for podcast excellence. Learn more about your ad choices. Visit megaphone.fm/adchoices

The award-winning Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore it more fully. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode of Compliance into the Weeds, Tom Fox and Matt Kelly look at the recent conviction of Charles ‘Hunter” Hobson for FCPA violations. Former Corsa Coal senior sales executive Charles Hunter Hobson was found guilty in Pennsylvania of helping arrange roughly $4.8 million in bribes to officials tied to a state-owned Egyptian coal company, using an intermediary, to secure about $143 million in contracts. Also, Hobson allegedly pocketed about $200,000. Tom and Matt  Hobson’s unsuccessful “dog bite” defenses. They also discuss tensions between corporate and individual accountability, the practical reality that companies may cooperate and “turn on” individuals, and that individuals can also expose companies by cooperating with prosecutors. Finally, they speculate on why DOJ pursued trial amid shifting enforcement signals, referencing other recent FCPA matters (Millicom DPA, Smartmatic indictment) and past DOJ trial losses, and conclude that the best approach is to avoid bribery and avoid being the “last man standing.” Key highlights: Hobson Case Overview Dog Bite Defense Breakdown Payment Red Flags Declinations and Individual Risk Why Go to Trial? Resources Matt in Radical Compliance Tom Instagram Facebook YouTube Twitter LinkedIn A multi-award-winning podcast, Compliance into the Weeds was most recently honored as one of the Top 25 Regulatory Compliance Podcasts, a Top 10 Business Law Podcast, and a Top 12 Risk Management Podcast. Compliance into the Weeds has been conferred a Davey, a Communicator Award, and a W3 Award, all for podcast excellence. Learn more about your ad choices. Visit megaphone.fm/adchoices

The award-winning Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore it more fully. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode of Compliance into the Weeds, Tom Fox and Matt Kelly look at recent reporting on Binance that raises questions about the effectiveness of its compliance program, monitorships, and executive attitudes toward compliance. They recap Binance’s 2023 resolution of U.S. criminal and civil matters involving money laundering and sanctions evasion. They discuss the Fortune article, which reported that Binance continued to route funds through its platform to the Iranian government in 2024 and into 2025. They highlight Mr. Zou’s public response on X, suggesting that if investigators found misconduct, it implied they failed to prevent it, which the hosts criticize as a misunderstanding that business units own risk and that compliance’s role is to provide systems, channels, oversight, and escalation rather than “prevent” all misconduct. Key highlights: Truth Stranger Than Fiction in Compliance Binance’s 2023 Guilty Plea, $4.3B Penalty & Two Monitorships Compliance Team Fallout: Investigators Fired & CCO on the Move ‘If You Found It, You Failed’: Why CEOs Misunderstand Compliance Iran as the Red Line: Plea Agreement Breach, Politics, and Corruption Risk Will Anyone Enforce This? Rule of Law Questions and What Comes Next Resources: Matt in Radical Compliance Tom Instagram Facebook YouTube Twitter LinkedIn A multi-award-winning podcast, Compliance into the Weeds was most recently honored as one of the Top 25 Regulatory Compliance Podcasts, a Top 10 Business Law Podcast, and a Top 12 Risk Management Podcast. Compliance into the Weeds has been conferred a Davey, a Communicator Award, and a W3 Award, all for podcast excellence. Learn more about your ad choices. Visit megaphone.fm/adchoices

The award-winning Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore it more fully. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode of Compliance into the Weeds, Tom Fox and Matt Kelly look at three recent stories to draw compliance lessons for the future. They discuss significant developments in compliance, focusing on Jay Clayton’s recent speech regarding FCPA enforcement and the implications for companies. They also analyze a case involving the termination of compliance officers at Scotiabank for failing to escalate concerns about insider trading. The conversation concludes with a reflection on athlete decision-making in the context of injuries and the lessons for corporate compliance practices. Key highlights: Jay Clayton’s Speech and White Collar Crime Prosecution Compliance Officers and Escalation Failures at Scotiabank Ethics in Sports: Decision-Making and Compliance Lessons Resources: Matt in Radical Compliance Tom Instagram Facebook YouTube Twitter LinkedIn A multi-award-winning podcast, Compliance into the Weeds was most recently honored as one of the Top 25 Regulatory Compliance Podcasts, a Top 10 Business Law Podcast, and a Top 12 Risk Management Podcast. Compliance into the Weeds has been conferred a Davey, a Communicator Award, and a W3 Award, all for podcast excellence. Learn more about your ad choices. Visit megaphone.fm/adchoices

The award-winning Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore it more fully. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode of Compliance into the Weeds, Tom Fox and Matt Kelly examine three recent surveys that examine the real-world impact of AI adoption in corporate environments. Recording from Alexandria, Virginia, where Matt is attending a conference on ethical governance of AI, Matt and Tom discuss the differing perceptions of AI’s benefits between senior executives and other employees. They explore findings from PWC, Section, and Workday surveys, uncovering a significant gap in AI’s perceived value. The discussion highlights the challenges of integrating AI, the significant rework required by employees, and the struggle to build trust in AI tools. They also debate whether enterprise-scale AI deployment or incremental, point-specific adoption is the best path forward. Key highlights: Conference on Ethical AI Governance Reality Checks on AI Adoption AI Rework and Employee Training Concerns Trust Issues with AI Resources: Matt in Radical Compliance Tom Instagram Facebook YouTube Twitter LinkedIn A multi-award-winning podcast, Compliance into the Weeds was most recently honored as one of the Top 25 Regulatory Compliance Podcasts, a Top 10 Business Law Podcast, and a Top 12 Risk Management Podcast. Compliance into the Weeds has been conferred a Davey, a Communicator Award, and a W3 Award, all for podcast excellence. Learn more about your ad choices. Visit megaphone.fm/adchoices

The award-winning Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore it more fully. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode of #ComplianceintotheWeeds, Tom Fox, and Matt Kelly look at the leadership failures from Donald Trump and his administration after the killing of Alex Pretti last weekend. This episode has significant editorial commentary. Matt and Tom critically examine the behavior and leadership failings of Donald Trump and his Administration in the wake of the shooting of Alex Pretti and argue that his approach is far from exemplary for CEOs or business leaders. The discussion highlights the essence of effective leadership as the ability to instill trust and direction, contrasting this with Trump's history of questionable business acumen and the allegations of his disastrous lying to the American people. The takeaway is that true leadership involves integrity, trustworthiness, and the ability to inspire and guide employees toward a common goal, traits that Trump is argued to lack.  Key highlights: Comparing CEOs to Donald Trump Crisis of hyper-transparency Corporate responses. Were they enough or a first step? Leadership and Trust Resources: Matt in Radical Compliance Tom Instagram Facebook YouTube Twitter LinkedIn A multi-award-winning podcast, Compliance into the Weeds was most recently honored as one of the Top 25 Regulatory Compliance Podcasts, a Top 10 Business Law Podcast, and a Top 12 Risk Management Podcast. Compliance into the Weeds has been conferred a Davey, a Communicator Award, and a W3 Award, all for podcast excellence. Learn more about your ad choices. Visit megaphone.fm/adchoices

The award-winning Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore it more fully. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode of Compliance into the Weeds, Tom Fox and Matt Kelly look at the challenges of retaliation against Chief Compliance Officers (CCOs). They highlight the need for ongoing communication between compliance officers and senior management, and share strategies for CCOs to mitigate personal risk. The discussion includes real-world examples, the role of senior management in fostering a compliant culture, and the importance of scenario planning and training to prepare for potential issues. The episode emphasizes proactive measures such as charm offensives and preemptive remediation plans to navigate and defuse potential retaliatory scenarios. Key highlights: Real-Life Examples of Retaliation Management’s Perception and Compliance Challenges Building Relationships with Senior Management Proactive Compliance Strategies to Prevent Retaliation Framing Compliance Training Like Cybersecurity Drills Resources: Matt in Radical Compliance Tom Instagram Facebook YouTube Twitter LinkedIn A multi-award-winning podcast, Compliance into the Weeds was most recently honored as one of the Top 25 Regulatory Compliance Podcasts, a Top 10 Business Law Podcast, and a Top 12 Risk Management Podcast. Compliance into the Weeds has been conferred a Davey, a Communicator Award, and a W3 Award, all for podcast excellence. Learn more about your ad choices. Visit megaphone.fm/adchoices

The award winning, 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. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode of Compliance into the Weeds, Tom Fox and Matt Kelly look at the new DOJ AAG position which will report directly to the White House.    In this episode, Tom and Matt discuss the recent developments in the Department of Justice, particularly the establishment of a new Assistant Attorney General for fraud reporting directly to the White House. They explore the implications of this move, the regulatory chaos it may create, and the potential for politically motivated enforcement actions. The conversation emphasizes the uncertainty facing compliance professionals and the need for robust risk management strategies in light of these changes as well as the chaos capitalism the Administration has introduced into American business.  Key Highlights  ·      Introduction to the Department of Retribution ·      The New Assistant Attorney General for Fraud ·      Political Implications of Fraud Enforcement ·      Potential Targets of Enforcement ·      Navigating Chaos Capitalism ·      Risk Management Strategies for Compliance Professionals  Resources Matt in Radical Compliance Tom   Instagram Facebook YouTube Twitter LinkedIn   A multi-award winning podcast, Compliance into the Weeds was most recently honored as one of a Top 25 Regulatory Compliance Podcast and a Top 10 Business Law Podcast, and a Top 12 Risk Management Podcast. Compliance into the Weeds has been conferred a Davey, Communicator and w3 Award, all for podcast excellence.  Learn more about your ad choices. Visit megaphone.fm/adchoices

The award-winning Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore it more fully. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode of Compliance into the Weeds, Tom Fox and Matt Kelly discuss key issues Matt is following in 2026. They look into anticipated FCPA enforcement actions against Chinese telecom giant ZTE and the controversial indictment of SmartMatic, raising concerns about possible politicization of compliance enforcement. The conversation also covers the potential impact on whistleblower cases if key Qui Tam lawsuits under the False Claims Act are invalidated, as well as the ongoing federal-state conflict over AI regulations. Additionally, they touch on the financial complexities and risks associated with AI funding deals, drawing parallels to past financial crises. Compliance officers are advised to prepare for an uncertain and challenging regulatory landscape in the year ahead. Key highlights: FCPA Enforcement in 2026 The Future of Qui Tam Lawsuits Federal Preemption of State AI Laws AI Accounting and Financial Risks Resources: Matt in Radical Compliance Tom Instagram Facebook YouTube Twitter LinkedIn A multi-award-winning podcast, Compliance into the Weeds was most recently honored as one of the Top 25 Regulatory Compliance Podcasts, a Top 10 Business Law Podcast, and a Top 12 Risk Management Podcast. Compliance into the Weeds has been conferred a Davey, a Communicator Award, and a W3 Award, all for podcast excellence. Learn more about your ad choices. Visit megaphone.fm/adchoices

The award-winning Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore it more fully. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this final episode of Compliance into the Weeds for 2025, Tom Fox and Matt Kelly discuss an enforcement action by the Justice Department involving MGI International, a plastics manufacturer caught in a tariff evasion scheme orchestrated by its COO. The company avoided criminal prosecution by self-disclosing the misconduct, fully cooperating, and implementing compliance reforms, leading to a declination by the DOJ. We explore the case’s details, the role of independent internal investigations, and the implications for compliance policies under different administrations. Listeners are encouraged to consider the case as a roadmap for achieving favorable enforcement outcomes. Key highlights: Case Overview: MGI International’s Tariff Evasion Detailed Background of the Case Legal and Compliance Insights Analysis of DOJ’s Actions and Policies Resources: Matt in Radical Compliance Tom Instagram Facebook YouTube Twitter LinkedIn A multi-award-winning podcast, Compliance into the Weeds was most recently honored as one of the Top 25 Regulatory Compliance Podcasts, a Top 10 Business Law Podcast, and a Top 12 Risk Management Podcast. Compliance into the Weeds has been conferred a Davey, a Communicator Award, and a W3 Award, all for podcast excellence. Learn more about your ad choices. Visit megaphone.fm/adchoices

The award winning, 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. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode of Compliance into the Weeds, Tom Fox and Matt Kelly look at the mixed and muddled messages coming out of the DOJ on FCPA and white collar enforcement.    We discuss recent signals from the DOJ suggesting a reinvigorated stance on corporate malfeasance, juxtaposed with actions like the pardoning of convicted offenders which muddle the overall message. The conversation covers Deputy Attorney General Todd Blanche's inflammatory speech on the seriousness of FCPA actions, the controversial pardons by President Trump, and the apparent selective enforcement against foreign versus U.S. companies. The episode examines the ramifications of these mixed signals for compliance professionals, companies, and whistleblowers, emphasizing the need for clearer guidance and consistency from the DOJ.  Key Highlights  ·      Mixed Messages from the Justice Department on FCPA and White Collar Enforcement ·      Deputy Attorney General's Angry Speech ·      Controversial Pardons and Their Implications ·      ZTE and FCPA Charges ·      Inconsistencies and Compliance Challenges ·      The Impact of Presidential Pardons on Compliance  Resources Matt in Radical Compliance  Tom   Instagram Facebook YouTube Twitter LinkedIn  A multi-award winning podcast, Compliance into the Weeds was most recently honored as one of a Top 25 Regulatory Compliance Podcast and a Top 10 Business Law Podcast, and a Top 12 Risk Management Podcast. Compliance into the Weeds has been conferred a Davey, Communicator and w3 Award, all for podcast excellence.  Learn more about your ad choices. Visit megaphone.fm/adchoices

The award-winning Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore it more fully. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode of Compliance into the Weeds, Tom Fox and Matt Kelly discuss their initial reflections on the first day of the recently concluded ACI-FCPA and Global Anti-Corruption Conference. Key points include the current state of FCPA enforcement, the impact of reduced DOJ manpower, and the continued importance of robust compliance. Despite claims about ramping up enforcement, the number of staff dedicated to FCPA cases has been significantly reduced. They also touch on the DOJ’s focus on comprehensive white-collar crime enforcement, including healthcare fraud and cartel-related activities. Additionally, they discuss Severin Wirz’s new book, Bribery Beyond Borders, on the historical context of FCPA enforcement. Key highlights: FCPA Enforcement Realities White Collar Crime and DOJ Priorities Cartels and Corruption Whistleblower Program Insights Book Signing and Historical Context Resources: Matt in Radical Compliance Tom Instagram Facebook YouTube Twitter LinkedIn A multi-award-winning podcast, Compliance into the Weeds was most recently honored as one of the Top 25 Regulatory Compliance Podcasts, a Top 10 Business Law Podcast, and a Top 12 Risk Management Podcast. Compliance into the Weeds has been conferred a Davey, a Communicator Award, and a W3 Award, all for podcast excellence. Learn more about your ad choices. Visit megaphone.fm/adchoices

The award-winning Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore it more fully. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode of Compliance into the Weeds, Tom Fox and Matt Kelly discuss the recently released Serious Fraud Office (SFO) guidance on compliance programs. Tom and Matt highlight the SFO's lack of specific directives and contrast them with more detailed guidance from the United States. The conversation focuses on the ambiguity organizations face in understanding what the SFO looks for in assessing compliance programs and underscores the need for a more holistic, tailored approach to individual circumstances. Key highlights: Introduction to SFO Guidance Comparing SFO Guidance with US Standards Uncertainty in SFO's Expectations Holistic Assessment by SFO Resources: Matt in Radical Compliance Tom in the FCPA Compliance and Ethics Blog A multi-award-winning podcast, Compliance into the Weeds was most recently honored as one of the Top 25 Regulatory Compliance Podcasts, a Top 10 Business Law Podcast, and a Top 12 Risk Management Podcast. Compliance into the Weeds has been conferred a Davey, a Communicator Award, and a W3 Award, all for podcast excellence. Learn more about your ad choices. Visit megaphone.fm/adchoices

The award-winning Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore a subject more fully. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode of Compliance into the Weeds, Tom Fox and Matt Kelly discuss the intricate details of a recent FCPA  enforcement action against Millicom Cellular, a Luxembourg-based telecommunications company with operations in Guatemala. The discussion uncovers how Millicom's joint venture, Comunicaciones Celulares (CommCell), became embroiled in bribery and corruption involving duffel bags of drug cartel cash used to pay off Guatemalan officials. Despite the DOJ’s earlier pause on FCPA enforcement, the emergence of narco-trafficking aspects led to a reopened investigation and significant penalties for Millicom. Key points include the case timeline, the lack of Millicom's operational control and visibility, and the broader implications for due diligence in joint ventures and cross-border operations in high-risk regions. Key highlights: Details of the FCPA Enforcement Action Millicom’s Joint Venture in Guatemala Self-Disclosure and DOJ’s Response Timeline of Events and Corruption Details Drug Trafficking and Bribery Connections Implications and Compliance Lessons Resources: Matt in Radical Compliance Tom Instagram Facebook YouTube Twitter LinkedIn A multi-award-winning podcast, Compliance into the Weeds was most recently honored as one of the Top 25 Regulatory Compliance Podcasts, a Top 10 Business Law Podcast, and a Top 12 Risk Management Podcast. Compliance into the Weeds has been conferred a Davey, a Communicator Award, and a W3 Award, all for podcast excellence. Learn more about your ad choices. Visit megaphone.fm/adchoices

The award winning, 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. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode of Compliance into the Weeds, Tom Fox and Matt Kelly discuss the basics of fraud prevention with headlines torn from the NBA and a FinServ enforcement action.  The embezzlement scandal at the Atlanta Hawks has drawn attention to critical weaknesses in corporate governance and internal control systems, serving as a cautionary tale for organizations everywhere. They view the scandal as a glaring example of the consequences of neglecting internal controls and the segregation of duties, where an executive, Leslie Jones, exploited their finance role to embezzle funds for personal indulgences. His experience underscores the value of routine audits, which, despite their perceived monotony, are essential for uncovering fraud. Meanwhile, Matt is equally concerned, focusing on the need for robust internal controls and the principle of least privilege, warning against granting excessive access to employees to prevent misuse of power and safeguard organizational integrity.  Key Highlights  ·      Lessons from Atlanta Hawks Fraud Case ·      Least Privilege Access for Preventing Financial Fraud ·      Financial Data Examination for Fraud Detection ·      Executives' Lavish Misconduct: Lessons in Ethics  Resources Matt in Radical Compliance   Tom   Instagram Facebook YouTube Twitter LinkedIn   A multi-award winning podcast, Compliance into the Weeds was most recently honored as one of a Top 25 Regulatory Compliance Podcast and a Top 10 Business Law Podcast, and a Top 12 Risk Management Podcast. Compliance into the Weeds has been conferred a Davey, Communicator and w3 Award, all for podcast excellence.  Learn more about your ad choices. Visit megaphone.fm/adchoices

The award-winning Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore a subject more fully. Seeking insightful perspectives on compliance? Look no further than Compliance into the Weeds! In this episode, Tom Fox and Matt Kelly discuss the intricacies of integrating incentives into corporate compliance programs. Matt shares insights from a recent webinar and blog posts, discussing how companies can encourage ethical behavior through executive compensation plans, performance bonuses, and other incentive schemes. The conversation explores the Justice Department’s guidelines on executive compensation, the intricacies of designing these programs to align with industry-specific risks, and the implications for various levels of management. They also examine the challenges of establishing meaningful compliance metrics and striking a balance between compliance incentives and overall business objectives across multiple sectors. Key highlights: The Role of Incentives in Compliance Programs Structuring Executive Compensation for Compliance Challenges and Nuances in Incentive Programs Incentives for Different Business Models Compensation Types and Ethical Behavior Resources: Matt in Radical Compliance Tom Instagram Facebook YouTube Twitter LinkedIn A multi-award-winning podcast, Compliance into the Weeds was most recently honored as one of the Top 25 Regulatory Compliance Podcasts, a Top 10 Business Law Podcast, and a Top 12 Risk Management Podcast. Compliance into the Weeds has been honored with a Davey, Communicator, and W3 Award, all for excellence in podcasting. Learn more about your ad choices. Visit megaphone.fm/adchoices

The award-winning Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore it more fully. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode of Compliance into the Weeds, Tom Fox and Matt Kelly discuss the unfolding NBA betting scandal and explore what it all might mean for the compliance professional.  Their discussion covers the allegations and implications involving high-profile NBA figures, including Terry Rozier, Damon Jones, and Chauncey Billups. They explore the role of material non-public information, the importance of risk assessment, the effectiveness of current compliance measures, and the crucial role of data analytics in detecting fraudulent activities. Insights into sports betting, preventive controls, and the ethical challenges faced by professional athletes are also discussed, drawing parallels for corporate compliance professionals.  Key highlights: NBA Betting Scandal Overview Historical Context and Data Analytics Conflict of Interest and Risk Assessment Investigation and Compliance Strategies  Resources: Tom is writing a multipart series on the scandal on the ⁠FCPA Compliance and Ethics blog.⁠ Tom   ⁠Instagram⁠ ⁠Facebook⁠ ⁠YouTube⁠ ⁠Twitter⁠ ⁠LinkedIn⁠ A multi-award-winning podcast, Compliance into the Weeds was most recently honored as one of the ⁠Top 25 Regulatory Compliance Podcasts⁠ , a ⁠Top 10 Business Law Podcast⁠, and ⁠a Top 12 Risk Management Podcast⁠. Compliance into the Weeds has been conferred a Davey, a Communicator Award, and a W3 Award, all for podcast excellence.  Learn more about your ad choices. Visit megaphone.fm/adchoices

The award-winning Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore a subject more fully. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode of Compliance into the Weeds, Tom Fox and Matt Kelly discuss the rare occurrence of a company, Smartmatic, being added to an existing indictment for FCPA violations. They explore the unusual circumstances surrounding this case, including the political sensitivity of Smartmatic, its ongoing litigation with Fox News, and the potential implications for corporate voluntary self-disclosure under the current administration. They delve into the changes in DOJ criteria for FCPA prosecutions and raise concerns about selective prosecution and the broader impact on compliance strategies. Key highlights: Overview of Smart Medic Indictment Political Context and Conspiracy Theories Implications for Compliance and Self-Disclosure Concerns About Selective Prosecution Resources: Tom Instagram Facebook YouTube Twitter LinkedIn A multi-award-winning podcast, Compliance into the Weeds was most recently honored as one of the Top 25 Regulatory Compliance Podcasts, a Top 10 Business Law Podcast, and a Top 12 Risk Management Podcast. Compliance into the Weeds has been conferred a Davey, Communicator, and W3 Award, all for podcast excellence. Learn more about your ad choices. Visit megaphone.fm/adchoices