Corruption, Crime & Compliance

Featured Articles:

12 Jul, 2018

Beam Settles FCPA Violations with SEC for $8 Million for Pervasive Third-Party Bribery Schemes

After a lengthy investigation conducted by the SEC, Beam Suntory agreed to pay $8 million to settle FCPA violations in India. (Copy of SEC order Here). Beam’s settlement took over 5 years from initial disclosure to resolution – a long-time to say the least. Interestingly, there has been no resolution or mention of a parallel DOJ investigation. Beam’s conduct follows similar conduct by other liquor companies...

General

11 Jul, 2018

Stephen Cheng and Marcel de Chermont Join The Volkov Law Group

The Volkov Law Group is pleased to announce the addition of Stephen Cheng and Marcel de Chermont to the firm. Both bring a wealth of compliance experience to the firm and promise to assist us in continuing to offer our clients the high-quality ethics and compliance, and enforcement defense services that we offer. We look forward to introducing them to new and existing clients. Stephen...

General

10 Jul, 2018

Lessons Learned from Credit Suisse Corrupt Hiring Scheme and FCPA Settlement (Part II of II)

Credit Suisse has joined the ranks of other banks and companies that have settled FCPA violations involving hiring of government officials’ relatives in exchange for business benefits, including JPMorgan Chase; BNY Mellon, and Qualcomm. There are several banks still under investigation for such practices, including Citigroup, Barclays, Deutsche Bank, HSBC and Goldman Sachs. The hiring program enforcement actions demonstrate the Justice Department’s and SEC’s broad...

Podcasts

8 Jul, 2018

Episode 46 — Implementing a Policy Management Program

Companies have to implement a robust policy management program. In today’s risky environment, companies should automate a robust policy management program that requires regular review, assessment and updating of policies and procedures. A policy management program should be created consisting of key constituencies to ensure that policies and procedures are current, effective, and appropriately tailored to the company’s risk profile. In this episode, Michael Volkov...

General

4 Jul, 2018

Drawing Legal Lines in Cryptocurrency Regulation: The Importance of Decentralization

The cryptocurrency market is exciting to watch. Based on the revolutionary blockchain distributed ledger system, cryptocurrencies have exploded on the marketplace. As with any new “gold rush” to hit a market, cryptocurrency has attracted scammers and common fraudsters, as well as sophisticated hackers who attack the cryptocurrency markets to steal valuable coins or other tokens. For the law-abiding investors and exchange operators, the CFTC, SEC...

Events

4 Jul, 2018

Webinar: Cybersecurity Threats and Compliance

Webinar: Cybersecurity Threats and Compliance July 17, 2018, 12 Noon EST Sign Up Here Cybersecurity threats are evolving and creating significant risks to companies. The FBI estimates that ransomware will generate at least $1 billion for criminals. Businesses stand to lose at least $400 billion each year from hacks. Each year there is an average of 1.5 million cyber attacks, or approximately 4000 per day. Companies...

General

4 Jul, 2018

Happy 4th of July!

On behalf of the Volkov Law Group and Corruption, Crime & Compliance, I want to wish everyone, friends and families a wonderful 4th of July holiday!! Today we recognize the wisdom and forethought of our Founders!

General

2 Jul, 2018

Cryptocurrency Compliance: The Importance of Internal Investigations

Matt Stankiewicz, Senior Associate at The Volkov Law Group, rejoins us for another posting on cryptocurrency compliance. Matt can be reached at [email protected]. For those still new to the sector, Coinbase has established itself as one of (if not the) most prominent cryptocurrency exchanges operating in the U.S. Coinbase, to the delight of compliance officers everywhere, has been mostly diligent in attempting to comply with...

Podcasts

1 Jul, 2018

Episode 45 — Sicily: An Inspiration — Interview of Rosetta Sciacca

In a special podcast episode, I take time out from the legal and compliance world to discuss the wonderful island of Sicily, Italy. To explain and provide an introduction to Sicily, and in particular the western region, I interview my wife, Rosetta Sciacca, about Sicily, its people, its culture and its cuisine. Happy Fourth of July!!!