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Thrills, Chills & How To’s: A Summer Reading List for Compliance Officers

The latest GRC News, Views, Jobs & Events
Why spend your time reading mystery novels this summer, when real-world mysteries are swirling through the global financial system? Here’s a riveting summer reading list for compliance professionals. It includes titles that cover the international underworld of money laundering, insights into understanding how criminals think and the impact of potential fraud, as well as practical advice and business lessons. 
This Week’s Top News
Welcome, You’re the New CCO (5 Basic Steps to Get Started) 

Michael Volkov shares five ways a new chief compliance officer can start his/her new role out on the right foot.
While the imposition of sanctions may primarily bring to mind effects on the world’s political institutions, the ever-changing landscape of sanctions has a profound effect on global financial institutions as well. Oliver Bodmer of SIX’s sanctions compliance division examines precisely why it is critical that financial institutions enact processes that enable them to seamlessly comply with existing sanctions and to quickly align with new ones to stay ahead of the curve and be ready to act.

The Data Collection “Fire Drill”

Data collection and monitoring tools now make it easier to access information quickly, but only if your company has the right content management and e-communications system in place. Rather than leaving the decision as to what system would work best solely up to the IT department, compliance officers should have a say in the functionality of such systems, given the time and resources involved in following compliance protocols and e-discovery searches arising from compliance audits, internal investigations and regulatory investigations.

Plenty of paths lead to firing, and lackluster (or even poor) performance isn’t the fastest by any means. Linda Henman outlines some of the more egregious ways you can bring about a quick end to a good job.

90 Percent GDPR Failure Rates Ahead (And That’s Okay)

The penalties for GDPR violations can be ruinous. But do organizations need to worry? Terry Ray suggests that while compliance is necessary, most companies can rest easy.

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10 Pieces Of Technology That Won’t Exist In 20 Years – Listverse

SCIENCE PREVIOUS RANDOM LISTSHARETwitterGoogle+FacebookPinterestTECHNOLOGY
10 Pieces Of Technology That Won’t Exist In 20 Years
KAYLEE CORMIER JULY 5, 2018
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Technology is always changing without us even realizing it half the time. In fact, it evolves at such a rapid pace that by the time you buy the newest phone or laptop, it’s already old.However, things like that are expected to change. But 20 years from now, some technologies—the ones that you might not expect—most likely won’t even exist anymore.

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10 Rearview MirrorsWith how fast technology is evolving, it is extremely likely that companies will switch completely to cameras instead of using old-school mirrors. Adding to that, cameras will have to be standard with driverless vehicles, which are also rising in popularity. Cameras are also becoming much cheaper, which will encourage companies to switch side mirrors for cameras as well.[1]9 Phone TowersWhile uses for technology are evolving, the physical technology is shrinking. As a result, more work can be done in a smaller space. This could be applied to phone towers as they get smaller and smaller. One day, they won’t be there at all. Some smartphones can skip the phone tower stage completely and communicate with each other when no more than 500 meters (1,640 ft) apart.Qualcomm first realized this and has been researching how to expand their discovery.[2] They have partnered with Facebook and Yahoo to try to create applications. As this technology evolves, the need for cell phone towers just won’t be there at all. Which might be for the best considering that cell phone towers aren’t exactly pretty.

8 Remote ControlsThose frantic searches for remote controls hidden in couch cushions are almost completely a thing of the past. Billions of devices are already connected to Wi-Fi, meaning that technology can be controlled through a computer, tablet, smartphone, and smartwatch.Things like Google Home and Amazon Alexa can already control the lights or devices in your home with just your voice.[3] Imagine how much that technology is going to evolve in 20 years. Even remotes to control the climate in your house will be completely unnecessary. You can just tell your home assistant if you want it to be warmer or colder. 7 Credit CardsWhen credit cards were first invented, they made paying for food and entertainment quick and efficient. The first credit card was introduced in 1950 by the Diners Club. They gained over 20,000 cardholders in about a year. But that was almost 70 years ago, and technology is now changing in the blink of an eye.Companies like Starbucks and McDonald’s are already offering payments through a tap of a phone. Some have their own apps, while others use the payment option on some new smartphones. Soon, we could be paying for things with a simple fingerprint scan.[4]6 Metal KeysThe technology to completely replace metal keys already exists, and it’s only a matter of time before physical keys are completely wiped out. New cars already have push-button start that only requires a fob to be in close proximity, either in the driver’s pocket or on a key chain with other soon-to-be-obsolete keys.Imagine being able to unlock a building by simply pressing a button on your phone. You can already get locks that open with voice commands, finger or retinal scans, or even a specific gesture. Believe it or not, you can get a small implant in your hand that the lock will recognize and open when you get close![5]

5 Physical MediaThis one’s not much of a shocker. In the early 2000s, VHS met its end when DVDs were introduced—just as audio cassettes were replaced by CDs in the late 1980s. However, the age of physical media may soon come to an end altogether.[6]Streaming services like Netflix and YouTube as well as on-demand services included with cable packages are reducing the need to buy Blu-ray, which has already replaced DVDs. At some point, even books will be completely confined to digital formats.4 Wired Phone ChargersImagine never having to worry about your phone dying while you’re out and about. No more missed calls or disconnections due to power issues and all without the necessity of plugging your phone into a wall outlet.Wired phone chargers are already on their way out considering that most phones can be charged with wireless pads.[7] Companies are already creating devices that use radio waves and Wi-Fi to charge smartphones.3 ATMs And WalletsThe way we pay for things seems to change every few years, although cash is still a favorite. But with cards and online banking, it won’t be long before the government stops wasting their budget on printing bills and instead switches to digital-only currency.Fun fact: Right now, only 9 percent of the world’s population uses physical cash. Once cash and cards slowly get washed away, things like wallets and ATMs will have no purpose.[8] 2 NeedlesLuckily for everyone, the era of needle injections will soon come to an end.Researchers associated with MIT have announced two new projects to end needle injections. One of them is a form of jet-injection technology that can shoot a substance faster than the speed of sound through an opening in your skin that’s borderline microscopic.[9]The second project involves a patient swallowing a capsule with a needle inside it. After the tiny needles inject into the stomach lining, they are later destroyed by the digestive system. 1 CinemasIt’s been said more than once that the days of going out to the movies are slowly being brought to an end. This was an especially popular idea right after the television set was invented and made it possible to view entertainment in your living room.Although people still enjoy going out to the movies, technology continues to evolve. Now you can even have 3-D offered on certain televisions. In the long run, it will cost far less to skip the cinema and enjoy the convenience of watching movies at home.[10] Now that virtual reality is growing, who knows where that technology will take us?

via 10 Pieces Of Technology That Won’t Exist In 20 Years – Listverse

Did you know…

Did you know…

… that today is Graham Cracker Day? This day celebrates the birthday of Sylvester Graham (born in 1794 in West Suffield, Connecticut). Zealous about the nutritional value of whole wheat flour, Graham lent his name to the flour, which led to Graham crackers. Celebrate by scarfing down some Graham Crackers!! 😉

~~~

Today’s Inspirational Quote:

“You must love yourself before you love another. By accepting yourself and fully being what you are, your simple presence can make others happy.”

— Author Unknown

Dignity of spirit

The way to restore the dignity of the spirit is not to reject matter but to use it for the claims of the spirit.

This is possible only when the spirit is free from all cravings and is fully conscious of its own true status.

——-AVATAR MEHER BABA

[Source- Discourses by Meher Baba, volume-I, p-122 (Copyright ©1967 by Adi K. Irani, King’s Rd., Ahmednagar, Maharashtra, India]

Random Sentence/ Lateral thoughts

The three sentences I found at randome are: Will be interesting how they apply by the end of the day as possible solutions to the problems at hand.

I use Dr. Edward De Bono’s Random object attribution listing method of creative problem solving and the variant I use is Random sentences and Random phrases.  Both are path breakers in most instances that I have tried personally, for others or for businesses.  Try it out.

  1. Lets all be unique together until we realise we are all the same.
  2. Mary plays the piano.
  3. My Mum tries to be cool by saying that she likes all the same things that I do.

Random phrases make my day – Jack of all trades Master of none is at top today :)

Just wondering how well or badly the day pans out 🙂

  1. Jack of All Trades Master of None
    Meaning: Having suitable skill in multiple things, but not being an expert in any of them.
  2. Par For the Course
    Meaning: What you would expect to happen; something normal or common.
  3. Ring Any Bells?
    Meaning: Recalling a memory; causing a person to remember something or someone.
  4. Mouth-watering
    Meaning: Delicious; something that looks or tastes appetizing.
  5. Swinging For the Fences
    Meaning: Giving something your all.
  6. Down For The Count
    Meaning: Someone or something that looks to be defeated, or nearly so

The Teacher and the Woman Rhyming Couplet Ideas by jay

See the eating of the teacher,
I think he’s angry at the imaginary creature.

He finds it hard to see the tissue,
Overshadowed by the heavy gnu.

Who is that flying near the rat?
I think she’d like to eat the doormat.

She is but an intelligent woman,
Admired as she sits upon a noblewoman.

Her gentle car is just a turtle,
It needs no gas, it runs on pirtle.

She’s not alone she brings a sheep,
a pet pig, and lots of weep.

The pig likes to chase a monkey,
Especially one that’s in the flunky.

The teacher shudders at the fancy pig
He want to leave but she wants the rig.

The Communicator and the Actress by jay

See the swimming of the Communicator,
I think he’s angry at the operator.

He finds it hard to see the octopus,
Overshadowed by the nocturnal puss.

Who is that frightening near the kangaroo?
I think she’d like to eat the pursue.

She is but a ready acting,
Admired as she sits upon a black tongue

Her glorious car is just a beach,
It needs no gas, it runs on reach.

She’s not alone she brings a spanner,
a pet donkey, and lots of tanner.

The donkey likes to chase a box,
Especially one that’s in the tarbox.

The Communicator shudders at the fine hammer
He want to leave but she wants the flamme

All brilliant about the ground

Quite comely above the dream
You summon arid idiots in the bullshit
Alack! The passion is born
Strange and comely over the land
We prod murky eruptions in the shadows
Alass! The sin was good


All brilliant about the ground


We condone splintering men against the water
Be watchful. The stink was hard
backlit grieving
never meeting
the next life waiting
Down what streets
the face in your mirror
look for love
while the world changed

Surrealist Definitions

Definition:

Paris:  a set of beliefs concerning the cause, nature, and purpose of the universe, especially when considered as the creation of a superhuman agency or agencies, usually involving devotional and ritual observances, and often containing a moral code governing the conduct of human affairs.

Definition:

Truth:  a domesticated carnivore, having prominent canine teeth and, in the wild state, a long and slender muzzle, a deep-chested muscular body, a bushy tail, and large, erect ears.

Definition:

Butterfly:  to assume a facial expression indicating pleasure, favor, or amusement, but sometimes derision or scorn, characterized by an upturning of the corners of the mouth.

Definition:

Angel:  a person who writes a novel, poem, essay, etc.; the composer of a literary work, as distinguished from a compiler, translator, editor, or copyist.
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