Rephonic
Artwork for Red Flags Rising
Export Controls
National Security
China
U.S. Export Controls
Compliance Programs
Trade Compliance
Bureau Of Industry and Security
Compliance
Foreign Corrupt Practices Act
Artificial Intelligence
Export Administration Regulations
Entity List
Geopolitics
U.S. Export Administration Regulations
Tariffs
High Probability Standard
Bureau Of Industry & Security
Affiliates Rule
AI Diffusion Rule
50% Rule

Welcome to Red Flags Rising, where we examine how geopolitics and national security are reshaping corporate enforcement and compliance.

In an era where “economic security” drives government intervention through increasingly strict and consequential export controls, economic sanctions, inbound and outbound investment restrictions, and tariffs, legacy mindsets and assessments of enforcement risk cre... more

PublishesMonthlyEpisodes42Foundeda year ago
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Artwork for Red Flags Rising

Latest Episodes

Mike and Brent re-boot a prior recording overtaken by events, specifically the Sunday, May 31, 2026, guidance issued by BIS to global data centers and the June 12, 2026, “is-informed” letter by Commerce Secretary Howard Lutnick that caused an AI mode... more

Mike and Brent welcome to the podcast Jeff Stitt, the President of Acacia Trail Consulting. Jeff walks through how he went from becoming an engineer to being an on-the-spot chief compliance offer appointee in 1992 (01:36), to doing compliance at a ba... more

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Mike and Brent return to discuss lessons from Brent’s Aikido instructor and Marine Corps combat veteran Frank Doran and how those lessons can help trade compliance professional work through compliance jams. Mike and Brent discuss the enforcement wave... more

Mike and Brent welcome Estelle Atkinson, a reporter with Global Investigations Review (GIR), to speak about her recent three-part series, “Fallen Chips,” published on January 26, 27, and 28, 2026 (linked in the show notes). They discuss how Estelle l... more

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Back in January 2024, Mike and Brent had the good fortune to meet Carole Basri at an event at NYU Law School. On this episode of Red Flags Rising, they welcome her as a guest to talk about her specialties: national security, geopolitics, and corporat... more

Mike and Brent return for the new year with a refresher on The Fraud Diamond Framework(SM) introduced in Episode 34 and an explanation of how it would apply in practice as trade compliance professionals try to expect the unexpected in 2026. They disc... more

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Mike and Brent welcome author and compliance professional Severin Wirz to the pod to discuss his first book, Bribery Beyond Borders: The Story of the Foreign Corrupt Practices Act. They discuss with Severin his inspiration for writing the book (02:44... more

Mike & Brent explore the classic “Fraud Triangle” of pressure, opportunity, and rationalization and discuss Brent’s creation of a new “Fraud Diamond Framework” (SM) to help trade compliance (and other) professionals who are looking not to explain pas... more

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Recent Guests

Jeff Stitt
Global Chief Compliance Officer at Hillenbrand; former GE executive with extensive Africa and treasury/regulatory experience
Hillenbrand; formerly General Electric
Episode: Jeff Stitt on the Craft of Compliance
Estelle Atkinson
Correspondent for Global Investigations Review, author of the three-part Fallen Chips series
Global Investigations Review
Episode: "Fallen Chips" - GIR's Estelle Atkinson on her Three-Part Report
Carole Basri
Guest with extensive background in compliance and national security
Episode: Carole Basri on Subsidizing World Peace: the U.S. Experiment, and the Dynamic Relationship between National Security & Corporate Compliance
Severin Wirz
Director of Compliance at a Semiconductor Equipment Manufacturer and author of 'Bribery Beyond Borders'
Semiconductor Equipment Manufacturer
Episode: Origins & Parallels - The FCPA and U.S. Export Controls, Yesterday and Today, with Severin Wirz
Steven Burke
Director at Gamers Nexus and creator of a documentary on GPU smuggling
Gamers Nexus
Episode: Open One Eye, Close One Eye
Erika Trujillo
Co-founder of SEIA, a firm specializing in trade compliance tech and data analytics
SEIA
Episode: Data-Driven Root-Cause Analysis with Erika Trujillo of SEIA
Tom Blass
Co-founder and Editorial Director of World Export Controls Review
World ECR Magazine
Episode: Tom Blass of WorldECR Magazine & Dow Jones on Bridging the Law/Geopolitics Divide and Building Communities
Dana White
Managing Director at the Juno Collective with expertise in U.S. national security
Juno Collective
Episode: Dana W. White on U.S. National Security & Export Controls

Hosts

Mike Hunneke
Host of Red Flags Rising; partner at Morgan Lewis in the International Trade and National Security Practice; appears across episodes with a focus on sanctions, export controls, and compliance strategy.
Brent Carlson
Co-host and founder; leads discussions on compliance programs, trade controls, and policy developments impacting tech and national security enforcement.
Mike Hunnicki
Host of Red Flags Rising; partner-level practitioner focusing on international trade and sanctions compliance across firms.

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Talking Points

Recent interactions between the hosts and their guests.

Jeff Stitt on the Craft of Compliance
Q: What is the most important mindset shift for executives when approaching compliance in high-risk regions like Africa?
Treat compliance as underwriting the risk-adjusted business plan, focusing on culture, open reporting, and embedding governance to prevent corruption while enabling legitimate growth.
Jeff Stitt on the Craft of Compliance
Q: What mechanisms did you implement to scale compliance across a multinational organization?
Implemented a mix of concern reporting, third-party risk screening, employee training, robust investigations, and governance structures, complemented by a 24-hour, distributed team across regions to ensure timely oversight.
Jeff Stitt on the Craft of Compliance
Q: How did your path into compliance begin, and what core moment convinced you to pursue it as a career?
A combination of chance and inevitability: after moving through engineering, audit, and finance roles, a CEO asked what a chief compliance officer does, which catalyzed a long journey into building compliance programs from scratch and embracing continuous improvement.
Carole Basri on Subsidizing World Peace: the U.S. Experiment, and the Dynamic Relationship between National Security & Corporate Compliance
Q: Why don't you tell us a little bit more about him?
Carole explains the background of the guest speaker, highlighting his role at the Department of Commerce and the importance of having a keynote that communicates enforcement priorities to industry.
Origins & Parallels - The FCPA and U.S. Export Controls, Yesterday and Today, with Severin Wirz
Q: What are your thoughts about where the FCPA stands today?
Severin Wirz noted that despite recent pauses in enforcement, the FCPA remains a priority for U.S. authorities, though the future direction under the current administration raises questions about prioritization of cases.

Audience Metrics

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Frequently Asked Questions About Red Flags Rising

What is Red Flags Rising about and what kind of topics does it cover?

Listeners can expect in-depth discussions at the intersection of geopolitics, national security, and corporate compliance. Episodes frequently focus on export controls, economic sanctions, and the evolving enforcement landscape, with practical frameworks and risk-management playbooks for in-house teams, boards, and executives. Notable throughlines include how the “high probability” standard is shaping decision-making, the transition from headline risk to enforcement realities, and the offer of concrete tools—such as updated risk frameworks and governance playbooks—for navigating sanctions, licensing, and supply-chain integrity in tech-driven economies. The show often pairs legal and policy analysis with real-world case studies and practitio... more

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1. The Trade Guys
2. The Daily
3. Global News Podcast
4. Irish History Podcast

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Red Flags Rising launched a year ago and published 42 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Red Flags Rising?

Recent guests on Red Flags Rising include:

1. Jeff Stitt
2. Estelle Atkinson
3. Carole Basri
4. Severin Wirz
5. Steven Burke
6. Erika Trujillo
7. Tom Blass
8. Dana White

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