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DOJ’s Lauren Kootman seeing more companies using metrics to measure effectiveness of compliance program (ie, using data to measure trends in hotline reporting; using data to measure effectiveness in training) #CWNational23
Really great guidance from the DOJ’s Lauren Kootman on what the agency expects from companies in terms of data analytics as it applies to third parties. Full rundown later today on https://t.co/TbXoOFlH2W #CWNational
Whistleblower Ted Siedle: You can tell how serious a company is about compliance by looking at practitioners’ compensation and the function’s place in the organizational hierarchy. #CWNational23
Ted Siedle, a former compliance director and prominent whistleblower, had a direct message to today’s practitioner audience: “If you’re good at your job you eventually find your employer breaking the law.” #CWNational23
Parting thought for practitioners from DOJ Fraud Section chief Glenn Leon: Companies are much, much more likely to end up with a declination if they self-disclose — but that doesn’t mean it’s guaranteed #CWNational
DOJ Fraud Section chief: Not telling companies not to use ephemeral messaging apps, but expect to see policies around their use that are evaluated and adapted consistently. #CWNational23
Jim Campbell, author of “Madoff Talks,” described how Bernie Madoff fooled Wall Street and regulators and discussed what compliance and risk professionals can learn from the biggest Ponzi scheme in history #CWNational23