Compliance into the Weeds

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. Are you looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode, Tom Fox and Matt Kelly explore why compliance officers are uniquely suited for public office.

Tom and Matt discuss the inspiring story of Doron Clark, a Medtronic compliance officer recently elected Democratic state senator in Minnesota. This event sparked a larger conversation about why compliance professionals possess a unique skill set that could greatly benefit public office. Matt and Tom consider the various competencies of compliance officers, such as persuasion, investigation, policy development, and ethics, which are highly valuable in governance.

The discussion highlights the role of compliance officers in fostering good conduct and ethical behavior within organizations, skills that can translate well to public service. They emphasize the importance of collaboration, resource allocation, and effective communication, competencies that are often lacking in today’s political climate. The episode concludes with Matt encouraging more compliance professionals to consider running for public office and the possibilities they bring for positive societal change.

Key highlights:

• The Skill Set of Compliance Officers
• Challenges and Real-World Applications
• Local Governance and Compliance

Resources

Matt in Radical Compliance

Tom

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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. Are you looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this Compliance into the Weeds episode, Tom Fox and Matt Kelly explore the Trump Administration’s summary of the Friday night firing of 17 US Inspector Generals.

They explore the background and illegality of these firings, highlighting the critical role Inspector Generals play in the federal government by investigating fraud, mismanagement, and abuse. Furthermore, they discuss the implications for compliance professionals, comparing this situation to what would be deemed unacceptable in corporate settings. The conversation also touches on potential consequences, such as increased False Claims Act lawsuits and the problematic precedent set for the rule of law within federal agencies.

Key highlights:

• The Friday Night Massacre: What Happened?
• Role and Importance of Inspectors General
• Comparisons to Corporate Governance
• Potential Consequences and Future Outlook

Resources:

Matt in Radical Compliance

Tom

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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. Are you looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this Compliance into the Weeds episode, Tom Fox and Matt Kelly explore a significant enforcement action by the Conference of State Bank Supervisors (CSBS) against Block Inc.

They discuss the CSBS’s role as a collective of state banking regulators, the reasons behind the $80 million fine imposed on Block, and the extensive compliance reforms the company must implement, including appointing an independent consultant. They consider the broader implications of state-level enforcement actions in areas like anti-money laundering and data privacy, especially in light of potential shifts in federal regulatory priorities. Matt and Tom consider how compliance professionals can adapt by bolstering transparency, forming compliance committees, and staying abreast of the evolving regulatory landscape.

Key highlights:

• Understanding the CSBS and Block Inc. Enforcement
• Implications of State-Level Enforcement
• Comparative Enforcement Actions
• Challenges for Compliance Professionals

Resources:

Matt in Radical Compliance

Tom

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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. Are you looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this Compliance into the Weeds episode, Tom Fox and Matt Kelly delve into JP Morgan Chase’s treatment of employees who commented on the bank’s Return to the Office policy.

JP Morgan’s recent decision to require employees to be back in the office five days a week caused the bank to disable employee comments on the internal announcement, citing backlash. Tom and Matt explore the implications this has on workplace respect, speak-up culture, and employee morale, juxtaposed with the compliance officer’s role in measuring and maintaining corporate culture. They also detail how these corporate policies might reflect broader trust issues and potential fallout from a discontented workforce.

Additionally, the episode revisits Meta’s (formerly Facebook) recent rollback on DEI initiatives and its promotion of a more ‘freewheeling’ speech environment, considering the ethical and compliance ramifications of such a culture shift. The hosts compare these actions to other reported corporate behaviors that may undermine workplace respect and discuss the fragile balance a Chief Compliance Officer must maintain in fostering a fair and open workplace compliant with evolving societal norms and internal policies.

Key highlights:

• JP Morgan’s Return to Office Policy
• Employee Reactions and Speak Up Culture
• Ethics and Compliance Implications
• Workplace Respect and Culture
• Meta’s Policy Changes and Corporate Culture

Resources:

Matt in Radical Compliance

Tom

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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. Are you looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In the first episode 2025, Tom and Matt dive into the top compliance stories that could shape the upcoming year.

They begin with the politically charged corruption case involving Gautam Adani, discussing its implications under the Trump administration and the potential for the Justice Department to alter its course on this high-profile prosecution. They also explore the possibility of personal liability in the TD Bank compliance scandal, the anticipated policy shifts under SEC nominee Paul Atkins, and the future of the Consumer Financial Protection Bureau (CFPB) under a Republican administration. Additionally, they address the challenges and potential impact of the DOJ Committee’s deregulation efforts and the unresolved Boeing Deferred Prosecution Agreement case’s monitorship issues. Tune in to understand what compliance officers should be watching for in 2025, as these stories could have significant ramifications for corporate compliance and enforcement practices.

Key highlights:

• Top Compliance Stories of 2025
• Gautam Adani Corruption Case
• TD Bank Compliance Scandal
• Paul Atkins and the SEC
• Future of the CFPB
• DOGE Committee and Deregulation
• Boeing Monitorship Controversy

Resources:

Matt in Radical Compliance

Tom

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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. Are you looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode, Tom Fox and Matt Kelly dive into the intricate and unusual story of the National Rifle Association (NRA) and its recent corporate governance overhaul.

Matt and Tom explore Judge Joel Cohen’s final ruling, which mandates extensive corporate governance reforms for the NRA. These reforms address significant issues, such as a structurally weak board, poor financial controls, and an overpowering CEO in Wayne LaPierre, who misused the organization’s resources. Necessary measures discussed include revamping the board’s audit committee and introducing annual compliance reports, along with significant protections for the role of the Chief Compliance Officer.

The episode highlights the universal principles of good governance, asserting that the NRA’s reforms can serve as a valuable lesson for other organizations. Regardless of the political or ethical stance on the NRA’s activities, the implemented governance structures underscore the necessity of transparency, an empowered compliance function, and robust oversight mechanisms to prevent misuse of organizational resources. These insights are illustrated through sample agreements and templates in the court ruling, which can guide other organizations in strengthening their governance and compliance programs.

Key highlights:

• Corporate Governance Reforms Ordered by the Court
• Specifics of the Court-Ordered Reforms
• Audit Committee and Board Reforms
• Compliance and Governance Templates
• Universal Principles of Good Governance

Resources

Matt in Radical Compliance

Tom

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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. Are you looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode, Tom Fox and Matt Kelly dive into a potpourri of issues, including Paul Atkins’s appointment to chair the SEC, a massaging of DOJ and the Corporate Enforcement Policy, and McKinsey’s FCPA resolution.

Tom and Matt discuss various compliance issues, focusing on the implications of Paul Atkins’ appointment as SEC chairman, the challenges of enforcement and corporate penalties, the role of whistleblowers, and recent FCPA enforcement actions, including the McKinsey settlement. They explore how Atkins’ conservative views may shape SEC policies and the potential impact on compliance officers and corporate governance.

Key highlights:

• Paul Atkins and the SEC
• Enforcement Challenges and Corporate Penalties
• Whistleblower Protections and Compliance Officers
• FCPA Enforcement and McKinsey Settlement

Resources:

Matt in Radical Compliance

Tom

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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. Are you looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode, Tom Fox and Matt Kelly dive into the Trump Administration’s DOGE initiatives and what it might mean for compliance.

Tom and Matt discuss the implications of Elon Musk and Vivek Ramaswamy’s Department of Government Efficiency Committee (DOGE), which aims to downsize the federal government drastically. They explore the potential consequences of cutting half of all regulations and federal employees, particularly on compliance officers and corporate risk management. The conversation highlights how the reduction or abolition of federal regulations would affect various sectors, including the military, social security, and essential services, and delves into the challenges this proposal poses for compliance programs within businesses. They also consider possible outcomes such as increased state-level regulations, civil litigation, and the chaos and uncertainty that might follow. Finally, they discuss how companies should prepare for an inconsistent and unpredictable regulatory environment under a Trump administration.

Key highlights:

• DOGE and Government Restructuring
• Implications for Compliance Officers
• Challenges of Cutting Regulations and Staff
• Potential Consequences of Reduced Regulations and Non-Enforcement
• Compliance Embedded in Business Practices
• State-Level Regulation and Emerging Risks

Resources:

Matt in Radical Compliance

Tom

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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. Are you 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 dive into the Trump Administration’s DOJ nominees, FCPA enforcement going forward, and what it may all mean for compliance professionals.

Tom and Matt explore the potential impacts of these nominations, notably the controversial choice of Matt Gaetz as Attorney General, and how they could shape the direction of anti-corruption enforcement and compliance practices. They also discuss the realistic aspects of other nominees, including Trump’s attorneys Todd Blanche and Emil Bove and former SEC Chairman Jay Clayton, who proposed to lead the Southern District of New York. The conversation touches on potential strategies for compliance officers, such as the increased significance of self-disclosure and the broader ramifications for corporate and foreign policy enforcement under a Trump administration.

Key highlights:

• Trump’s DOJ Nominees: An Overview
• Potential Changes in FCPA Enforcement
• Self-Disclosure and Compliance
• Implications for Compliance Officers

Resources:

Matt in Radical Compliance

Tom

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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. Are you 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 dive into the recently released FCPA enforcement action involving the Telefónica Venezolana subsidiary.

They explore the bribery scheme used by Telefónica Venezolana to win an auction for U.S. dollars in 2014, resulting in a significant criminal penalty. The episode delves into the complexities of compliance in high-risk jurisdictions, the importance of incorporating anti-corruption due diligence into supply chains, and the implications of the new enforcement landscape under different administrations. Key lessons include the surprising extent of supplier risk, the long tail of FCPA enforcement, and the financial benefits of robust compliance practices.

Key highlights:

• Details of the Bribery Scheme
• Consequences and Penalties for Telefónica Venezolana
• Compliance Challenges and Lessons Learned
• Risk Management in High-Risk Jurisdictions
• The Importance of a Robust Compliance Program
• Long-Term Implications of FCPA Violations
• Future of FCPA Enforcement

Resources:

Matt in Radical Compliance

Tom in the FCPA Compliance and Ethics Blog

Tom

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