A Deep Dive into Policies and Procedures

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 sanctions compliance? Look no further than Compliance into the Weeds! In this episode, Tom and Matt deeply dive into the recent enforcement action against Deutsche Bank for AML violations and greenwashing to consider best practices for policies and procedures.

In the complex business world, the importance of tailored policies for compliance and risk management cannot be overstated. Tom Fox and Matt Kelly bring their unique perspectives to this topic, emphasizing the need for well-designed, specific policies and procedures to mitigate compliance risks and potential harm.

Drawing from his experience, Fox believes that generic policies are insufficient and stresses the need for policies specific to a company’s needs, risks, and operations. On the other hand, Kelly criticizes copying and pasting policies from regulations without considering the organization’s unique characteristics and needs. He underscores the importance of conducting risk assessments and gap analyses to design effective policies. Join Tom Fox and Matt Kelly as they delve deeper into this topic on this episode of the Compliance into the Weeds podcast.

Key Highlights:

• The Importance of Tailored Policies and Procedures
• Risks and Consequences of Generic Policies
• Tailoring Policies and Procedures for Compliance
• Ongoing Monitoring of Policies and Procedures

Resources:

Matt in Radical Compliance

Tom

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