145 - Rise of the Business-Like CCO Part 1: Biggest Mistakes of Compliance Professionals
Release Date: 06/26/2023
174 - Compliance Performance and Responsibility for Things Outside of Your Control
Compliance That Makes Sense
In your career, as in all facets of your life, there are always going to be circumstances that are out of your control! In the next few episodes, I am going to be exploring how you can differentiate between the things you can control and those you cannot and how to identify and avoid the traps that lead to unnecessary project delays and unintended results. If you found value in this episode, I would really appreciate it if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this...
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173 - SEC vs Uniswap, Pavel Durov with Tucker, and Yana AI
Compliance That Makes Sense
In this episode, I take you on a journey through my thoughts on what is going on with the SEC and Uniswap, what I learned about the future of instant messaging from Tucker Carlson’s interview with Pavel Durov, why I decided to digitally “clone” myself, and more! If you found value in this episode, I would really appreciate it if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just , select “Ratings and...
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172 - Being Authentic: A Conversation with David Yen About Making Decisions, Education, and Taking Risks
Compliance That Makes Sense
With my Certification program launch happening in two days, I decided to record an episode with my very good friend, David Yen, about some of the things that have been on my mind recently. The diverse range of subjects we discuss includes relationships, friendships, risk-taking, decision-making, the education system, and authenticity! If you found value in this episode, I would really appreciate it if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their...
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171 - Mistakes My Clients Made Last Month and How to Move Through Mistakes Faster
Compliance That Makes Sense
Competent, well-meaning, hardworking people often make unrealistic assumptions that can completely derail their projects. In this episode, I explore some of the mistakes that my clients have made recently to highlight the importance of questioning your assumptions and surrounding yourself with trusted advisors. If you found value in this episode, I would really appreciate it if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on...
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170 - Using NLP in FinTech Compliance
Compliance That Makes Sense
For various reasons, compliance professionals often struggle to confront their senior management about work-related issues that they are experiencing. In this episode, I explain what the the NLP (Neurolinguistic Programming) methodology is and how it can be used to overcome this problematic tendency! If you found value in this episode, I would really appreciate it if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple,...
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169 - “We Have To Do Something” Moments Are Dangerous
Compliance That Makes Sense
The world we live in is characterized by unpredictability. Responding to unpredictable situations with “we have to do something” is a trap that can have very negative outcomes so in this episode, I share how you can better prepare for the future without wasting your time and money! If you found value in this episode, I would really appreciate it if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just , select...
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168 - Lisa Carpenter Interviews Yana about Crypto, Women, Technology, Risks, and Life
Compliance That Makes Sense
In today’s special episode, I am joined by my life coach, Lisa Carpenter, to discuss crypto, women, technology, risks, and life! Lisa works with women who have high career ambitions and who also want to maintain their health and well-being. I’ve been seeing her for a few years, finding the experience enormously valuable in helping me through life’s ups and downs. From understanding the risks of investing in crypto to regulation in the AI space to the fears that hold us back and lots more, this enlightening conversation will give you a comprehensive overview of some of today’s...
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167 - How to Offer Crypto Staking
Compliance That Makes Sense
Crypto staking has been in the spotlight recently, and as a result, it is undergoing a transformation. In this episode, we are going to cover what staking is, how it works, why regulators are concerned about it, and the key elements you need to keep in mind if you are going to offer it. I also explore Kraken as a case study of how staking can go wrong. If you found value in this episode, I would really appreciate it if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast...
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166 - Excessively Regulating New Technologies is Bad for Compliance
Compliance That Makes Sense
Welcome back to the Compliance That Makes Sense podcast! In the coming episodes, we’re going to be delving into topics related to the technological developments that are changing our world. --- Are you a techno-skeptic or part of the effective accelerationism movement? In this episode, I explore the beliefs held by these opposing camps and share my thoughts about technological development, capitalism versus socialism, and why too much regulation is a bad thing for the compliance profession. If you found value in this episode, I would really appreciate it if you could leave a...
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165 - Short-Term vs Long-Term Thinking: The Theory of Wartime and Peacetime CEOs
Compliance That Makes Sense
Do you thrive during emergencies, or do you prefer leading your team through phases of growth? In our last episode of 2023, I explore Ben Horowitz’s concept of wartime and peacetime CEOs, and I share how I discovered my own leadership style. If you found value in this episode, I would really appreciate it if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just , select “Ratings and Reviews” and “Write a...
info_outlineThis episode is a unique experience as it is a replay of a free video training where we discussed the rise of the business-like CCO. This video training is broken up into three different sessions and today’s podcast episode is the replay of Day 1.
Before we jump into the metrics and strategies of the business-like CCO, we need to talk about the biggest mistakes compliance professionals make in their career. In order to learn something new and become better, it’s so important to begin with this introduction.
So listen on to learn what these common and major mistakes are, what you can do to shift your mindset to avoid these mistakes, and how we can begin to improve compliance performance.
Today's episode:
[02:02] Oftentimes, people want to take the advice but are unable to.
[04:45] One reason compliance professionals are not able to achieve their goals is because they have inadequate beliefs and a very specific perception.
[06:10] We need to start with misconceptions and mistakes to become more aware.
[08:58] Compliance professionals tend to have a lot of limiting beliefs.
[10:50] Big mistake #1: Sacrificing time for clarity.
[12:22] You may hesitate to make a decision until someone else does first.
[15:07] Big mistake #2: How do we ask for money as compliance professionals and what is our relationship with money?
[16:47] Your mentality makes a huge difference.
[19:23] Compliance should position itself and the organization to recognize it as the revenue driver.
[22:08] Big mistake #3: Value of information.
[24:28] The value of information is declining.
[26:45] If you recommend something, you should be a part of implementation.
[27:29] What you believe about compliance will determine what is possible for you within your organization.
[31:37] What is the minimum risk and the maximum risk you can take?
[33:08] Live participants of the session ask questions on the topic.
Show links:
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