Compliance into the Weeds
Business & Finance
About
What happens when two compliance aficionados get together to talk all things compliance, risk management and ERM? You get Tom Fox, the Voice of Compliance and Matt Kelly, the Coolest Guy in Compliance, going into the weeds of a topic each week. Each week, you can take a deep dive with two of the top writers, thinkers and prognosticators in compliance.
Episodes
- Why the Compliance Job Market Feels Frozen
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 in greater depth. Looking for some hard-hitting insights on complia…
- An SEC Rollback and a Tribute to Barney Frank
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? L…
- The DOJ Trainwreck and the Rising Risk Calculus for Compliance and Self-Disclosure
In this episode, Tom Fox and Matt Kelly examine the potential risks to corporate compliance arising from internal reorganization within the U.S. Department of Justice. They discuss the conflict between the established Fraud Section and the…
- Ohio State and Improper Requests by a President
In this episode of Compliance into the Weeds, hosts Tom Fox and Matt Kelly examine how an employee should respond to a request that might implicate an improper relationship between the Ohio State University president and his girlfriend. Th…
- Navigating DOJ's Evolving Self-Disclosure Strategies
Tom Fox and Matt Kelly discuss Hui Chen's analysis of the DOJ's self-disclosure strategies, noting the impact of politicization and understaffing on compliance and corporate prosecutions.
- Banking Regulators Cut Model Risk Guidance: Implications for Compliance, Audit, and AML Oversight
Tom Fox and Matt Kelly discuss new Federal Reserve, FDIC, and OCC model risk management guidance, noting its shift from detailed, bright-line expectations to principles-based language. They examine the practical consequences for bank compl…
- Surveying Retaliation Against Compliance Officers
In this episode, Tom Fox and Matt Kelly discuss a new anonymous survey by Radical Compliance, Case IQ, and Compliance Week designed to quantify retaliation against compliance officers. They explore the survey's questions regarding miscondu…
- Duty Owed vs. Material Nonpublic Information: Prediction Markets and Compliance
Tom Fox and Matt Kelly discuss how prediction markets impact compliance. They differentiate between the "violation of a duty owed" standard and traditional insider trading laws, which focus on material nonpublic information, highlighting b…
- AI-Driven SOC Audits and the Growing Trust Gap
Tom Fox and Matt Kelly discuss concerns that AI-driven automation may be weakening SOC 1 and SOC 2 audits. They address whistleblower allegations that startup Delve fabricates audit documentation with AI, a claim Delve denies, and discuss…
- Balt and TradeStation: Lessons for the Compliance Professional
This episode of Compliance into the Weeds discusses two cases: the declination awarded to Balt SAS following misconduct involving bribes and the OFAC settlement with TradeStation for accidental failures in sanctions-screening controls.
- McKinsey’s Lilli AI Hack: What It Signals for AI Governance, Security and Disclosure
In this episode of Compliance into the Weeds, hosts Tom Fox and Matt Kelly examine the McKinsey Lilli AI hack, where a hacker accessed internal chats. They discuss significant AI risks, including autonomous targeting, model manipulation, a…
- Carrots and Sticks in Washington: Antitrust Whistleblowers and an FCPA SOL Extension
Tom Fox and Matt Kelly examine two Washington signals impacting compliance teams: a new antitrust whistleblower program that compresses investigation timelines and a proposal to extend the FCPA statute of limitations. They discuss the inte…
- SDNY’s New Declination Policy: Crime Categories, Cooperation, and Compliance Implications
Tom Fox and Matt Kelly discuss the SDNY's new declination policy, which categorizes certain crimes like FCPA violations and sanctions evasion as ineligible for declinations, potentially creating inconsistencies with broader DOJ policies.
- FCPA Trial Rarity: Charles Hobson Convicted
In this episode, hosts Tom Fox and Matt Kelly discuss the FCPA conviction of Charles Hobson for arranging approximately $4.8 million in bribes. They examine his unsuccessful defense, the complexities of corporate versus individual accounta…
- Truth Stranger the Fiction: Binance, Iran, Crypto and Compliance
This episode of Compliance into the Weeds discusses recent reporting on Binance, focusing on the effectiveness of its compliance program and its 2023 resolution for money laundering and sanctions evasion. Hosts Tom Fox and Matt Kelly analy…
- NPAs, Escalation and Ethics in Competing
This episode of Compliance into the Weeds examines Jay Clayton's speech on FCPA enforcement, the termination of Scotiabank compliance officers for escalation failures, and lessons from athlete decision-making for corporate compliance.
- The Reality of AI Adoption in Corporate Compliance
In this episode, Tom Fox and Matt Kelly review surveys from PWC, Section, and Workday regarding AI adoption in corporate compliance. They discuss the gap between executive and employee perceptions of AI benefits, challenges in AI integrati…
- The Essence of Leadership and Why Donald Trump Is Not a Role Model
In this episode of Compliance into the Weeds, hosts Tom Fox and Matt Kelly analyze Donald Trump's leadership failures and his administration's actions following the death of Alex Pretti, arguing his approach is not exemplary for business l…
- Addressing Retaliation Against Compliance Officers: Strategies and Insights
In this episode, Tom Fox and Matt Kelly of Compliance into the Weeds examine retaliation against Chief Compliance Officers. They discuss strategies for risk mitigation, the importance of senior management support, and proactive measures li…
- The Department of Retribution
In this episode of Compliance into the Weeds, hosts Tom Fox and Matt Kelly examine the Department of Justice's new Assistant Attorney General for fraud position, which reports directly to the White House. They discuss the potential impacts…
- Matt’s Key Compliance Issues and Trends to Watch in 2026
In this episode, Tom Fox and Matt Kelly discuss key compliance issues for 2026, including FCPA enforcement, the impact of potential Qui Tam lawsuit invalidation, the conflict between federal and state AI regulations, and financial risks in…
- Special Holiday Episode: MGI’s Compliance Triumph in DOJ Tariff Evasion Case
This episode of Compliance into the Weeds features Tom Fox and Matt Kelly discussing the Department of Justice’s declination for MGI International, a plastics manufacturer involved in tariff evasion. The discussion covers the company’s sel…
- The DOJ's Inconsistent Stance on White Collar Crime and FCPA Enforcement
In this episode, Tom Fox and Matt Kelly analyze the U.S. Department of Justice's mixed signals on white collar crime and FCPA enforcement, examining the impact of speeches, pardons, and selective enforcement on compliance efforts.
- Live from the Floor of ACI
Tom Fox and Matt Kelly discuss their initial reflections on the ACI-FCPA and Global Anti-Corruption Conference. They cover FCPA enforcement, the impact of reduced DOJ manpower, and the significance of compliance, also touching on white-col…
- Understanding SFO Guidance and Compliance Program Assessments
Tom Fox and Matt Kelly review the UK Serious Fraud Office's (SFO) recent guidance on compliance programs. They discuss the lack of specific directives compared to US guidance and the resulting ambiguity organizations face when seeking to u…
- Uncovering FCPA Violations: Millicom's Complex Case Involving Drug Cartel Funds
In this episode of Compliance into the Weeds, Tom Fox and Matt Kelly discuss the FCPA enforcement action against Millicom. The case involved bribery and corruption within its Guatemalan joint venture, fueled by drug cartel funds, leading t…
- The Atlanta Hawks Scandal: Lessons in Financial Misconduct
Compliance into the Weeds covers the Atlanta Hawks embezzlement scandal, highlighting failures in corporate governance and internal controls. The episode emphasizes the importance of audits, segregation of duties, and the principle of leas…
- Incentives in Compliance: Structuring Effective Compensation Plans
Tom Fox and Matt Kelly discuss integrating incentives into corporate compliance programs, focusing on executive compensation, performance bonuses, and ethical behavior. They examine the Justice Department's guidelines, industry-specific ri…
- The NBA Betting Scandal - Lessons for the Compliance Professional
In this episode, Tom Fox and Matt Kelly discuss the NBA betting scandal, exploring its implications for compliance professionals. They cover allegations, material non-public information, risk assessment, compliance measures, data analytics…
- The End of Self-Disclosure? The Criminal Indictment of Smartmatic
In this episode, hosts Tom Fox and Matt Kelly examine the indictment of Smartmatic for FCPA violations. They discuss the political context, related litigation, and potential impacts on corporate voluntary self-disclosure and DOJ prosecutio…
- Navigating Effective Human Oversight for ADS/ADMT in AI Compliance
Tom Fox and Matt Kelly discuss effective human oversight for automated decision-making and decision-making technology (ADS/ADMT) in AI compliance. They examine recent guidance from the European Data Protection Supervisor and relate it to C…
- Chatbots and Interplay of Multiple Compliance Systems
In this episode, Tom Fox and Matt Kelly explore the use of AI chatbots in compliance programs. They discuss ethical considerations, potential risks like tracking employee inquiries and violating whistleblower protections, and the importanc…
- Amplified Risks: Navigating Corporate Challenges in the Age of Social Media
In this episode of Compliance into the Weeds, hosts Tom Fox and Matt Kelly examine the social media bot attack on Cracker Barrel, discussing how social media amplifies existing corporate risks and magnifies potential misinformation.
- Navigating H-1B Visa Reforms & Corporate Compliance Challenges
Tom Fox and Matt Kelly examine the implications of the Trump administration’s H-1B visa reforms for corporate compliance officers. The discussion covers economic impacts, potential corruption risks, and strategies for navigating regulatory…
- SCCE Compliance and Ethics Institute Report
The SCCE Compliance and Ethics Institute saw over 1300 attendees and featured innovative presentations. Key takeaways include the need to adapt policies for AI tools and observed leadership changes within the SCCE organization.
- Checking in on Codes of Conduct
Tom Fox and Matt Kelly review an LRN report on the state of corporate codes of conduct. They discuss the code’s multifaceted role as a defensive and offensive tool, the importance of management discussions about it, and its utility in vari…
- Fracht - The Bonkers Sanctions Case
In this episode of Compliance into the Weeds, hosts Tom Fox and Matt Kelly analyze the OFAC enforcement action against Fracht, a Swiss freight forwarding company. They examine a high-value transaction involving Venezuelan and Iranian entit…
- Examining the Impact of Reducing Middle Management on Corporate Culture
In this episode of Compliance into the Weeds, Tom Fox and Matt Kelly examine the impact of reducing middle management on corporate culture, employee dynamics, and compliance programs. They discuss the trend’s drivers, its effects on commun…
- Unpacking the University of Michigan Football Scandal: Compliance and Consequences
In this episode of Compliance into the Weeds, hosts Tom Fox and Matt Kelly analyze the University of Michigan football scandal, covering impermissible scouting, leadership failures, and NCAA enforcement issues. They draw parallels to other…
- The Dark Side of AI in Employee Training
In this episode, Tom Fox and Matt Kelly examine the risks of using AI, such as ChatGPT, for employee compliance training. They discuss the possibility of employees using AI to cheat on training and the need for updated internal controls an…
- Two Cyber Security Cases for the Compliance Professional
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 compli…
- A Deep Dive into Cadence Design Systems' Export Control Violations
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 compli…
- Sanctions Compliance Failures: Lessons from Harman International and Interactive Brokers
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? L…
- Agentic Misalignment and AI Ethics: Analyzing AI Behavior Under Pressure
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? L…
- Boeing’s New Safety Initiatives and Compliance Reforms
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 seeking insightful perspectives on compl…
- The COSO Governance Framework
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 seeking insightful perspectives on compl…
- Changes in FCPA Enforcement
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 seeking insightful perspectives on compl…
- Autonomous AI Whistleblowing Misconduct
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 seeking insightful perspectives on compl…
- Boeing, a NPA and the End of Monitors
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 and seeking insightful perspectives on compliance…
- Of Wal-Mart, Tariffs and Stakeholder Capitalism
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 o…