The Role of Culture and Data in Fraud Risk Management: A Conversation with Vincent Walden

FCPA Compliance Report

Welcome to the award-winning FCPA Compliance Report, the longest-running podcast in compliance. This is a very special episode. Today, Tom Fox cross-posts an episode from the BCG Podcast. In it, host Hanjo Siebert visits with konaAI CEO Vince Walden. They discuss the critical role of data and culture in achieving effective compliance, exploring the importance of interdepartmental collaboration, the evolving compliance landscape, and real-world examples of fraud detection. Walden emphasizes that while strategy is important, a strong organizational culture is essential for successful execution. He explains how data serves as a transparency agent and outlines the need for a collective approach to managing fraud risk. Listen in to gain insights into the challenges and best practices in modern compliance.

Key highlights:

• The Importance of Transaction Monitoring
• Challenges in Fraud Risk Management
• Collaborative Approaches to Compliance
• konaAI Role in Modern Compliance
• Real-World Fraud Cases and Lessons Learned
• The Impact of Business Culture on Fraud Prevention
• Fostering a Culture of Transparency

Resources:

Vince Walden on LinkedIn

konaAI

Original Podcast Recording

Tom Fox

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For more information on the use of AI in Compliance programs, see my new book, Upping Your Game. You can purchase a copy of the book on Amazon.com.

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