Chief compliance officers are adjusting a new, risk world, where top risks include export controls, sanctions, and immigration enforcement. At the same time, some risks remain — third-party risks, conflict of interest, fair competition, and yes, even anti-bribery. At the beginning of a new Administration, there is a lag between intentions and actions. It takes time to move the government enforcement and regulatory machinery and...
This week we are pleased to bring you one of our most popular episodes of 2024. Please enjoy, and we will be back next week with more insights from the Corruption, Crime, and Compliance podcast. Have you heard of the recent controversies around Boeing 737 MAX and its safety? Have you wondered what is being done about the concerns around it? In this episode of...
When assessing your third-party risks, it is important to start with one important division — a company’s supply chain and on the flip side, a company’s distribution chain. Sourcing materials and supply chain links present a set of risks. Conversely, a company’s distribution chain, sales channel, presents another set of challenges. In each case, legal and compliance have to understand the legal risks presented by...
Trade compliance officers are scrambling — they knew change was afoot but no one expected the speed and wide scope of upheaval in the trade arena. One day presents potential changes with serious ramifications. In this turbulent era, legal and compliance have to maintain calm, avoid over-reaction and remain close to their corporate values and principles. Legal and compliance have to present a steady confidence. ...
How do you manage risk when the vulnerabilities are outside your organization aren’t in your hands? In this episode of Corruption, Crime, and Compliance, we delve into the world of third-party risk management with our guest, Natalie Druckman, from Certa. As we discuss the regulatory landscape in EMEA and the US, Natalie highlights the higher regulatory burden faced by companies in EMEA, and how Certa...
Chief compliance officers are adjusting a new, risk world, where top risks include export controls, sanctions, and immigration enforcement. At the same time, some risks remain — third-party risks, conflict of interest, fair competition, and yes, even anti-bribery. At the beginning of a new Administration, there is a lag between intentions and actions. It takes time to move the government enforcement and regulatory machinery and...
This week we are pleased to bring you one of our most popular episodes of 2024. Please enjoy, and we will be back next week with more insights from the Corruption, Crime, and Compliance podcast. Have you heard of the recent controversies around Boeing 737 MAX and its safety? Have you wondered what is being done about the concerns around it? In this episode of...
When assessing your third-party risks, it is important to start with one important division — a company’s supply chain and on the flip side, a company’s distribution chain. Sourcing materials and supply chain links present a set of risks. Conversely, a company’s distribution chain, sales channel, presents another set of challenges. In each case, legal and compliance have to understand the legal risks presented by...
Trade compliance officers are scrambling — they knew change was afoot but no one expected the speed and wide scope of upheaval in the trade arena. One day presents potential changes with serious ramifications. In this turbulent era, legal and compliance have to maintain calm, avoid over-reaction and remain close to their corporate values and principles. Legal and compliance have to present a steady confidence. ...
How do you manage risk when the vulnerabilities are outside your organization aren’t in your hands? In this episode of Corruption, Crime, and Compliance, we delve into the world of third-party risk management with our guest, Natalie Druckman, from Certa. As we discuss the regulatory landscape in EMEA and the US, Natalie highlights the higher regulatory burden faced by companies in EMEA, and how Certa...
The recent sentencing of Israeli freight forwarder Gal Haimovich to two years in federal prison for violations of U.S. export controls serves as a striking example of the aggressive enforcement posture adopted by U.S. authorities in response to the circumvention of trade restrictions on Russia. Prosecuted in the United States District Court for the Southern District of Florida, the case underscores the severity with which...
Heightened federal scrutiny of unauthorized technology transfers to foreign entities has once again resulted in high-profile criminal convictions, as two senior executives of Quadrant Magnetics, a Kentucky-based manufacturer specializing in rare earth magnetics, have pleaded guilty in federal district court to charges stemming from the unlawful transmission of ITAR-controlled technical data to an affiliate in China. The case, which underscores the heightened scrutiny of corporate...
This week, we bring you a replay of one of our most impactful podcasts from last year, featuring Alex Cotoia and Daniela Melendez. Listen in as we discuss the EU Whistleblower Directive of October 2019. We’ll return next week with one of our regular updates. Directive 2019/1937 of the European Parliament and Council dated 23 October 2019 on the “protection of persons who report breaches...
With tariffs shaking global trade, aggressive sanctions enforcement, and new risks from AI, businesses must rethink their strategies. Can your compliance program keep up, or will it be left scrambling? In this episode of Corruption, Crime, and Compliance, Michael Volkov unpacks the rapidly shifting risk landscape facing businesses today. From trade compliance and supply chain disruptions to cybersecurity and government enforcement, Mike highlights the top...
In one of the most significant enforcement actions involving the illicit export of aircraft components to Russia since the imposition of sweeping sanctions in response to the country’s invasion of Ukraine, the U.S. Department of Justice recently unsealed an indictment charging FlightTime Enterprises, Inc. (“FTE”) and three of its employees implicated in a complex scheme to circumvent U.S. export controls. The indictment, filed in the...
