Corruption, Crime & Compliance - Bribery, FCPA, AML

Featured Articles:

General

16 Jul, 2019

DOJ’s Antitrust Division Issues New Guidance for Evaluation of Corporate Compliance Programs (Part II of II)

As part of its new corporate compliance credit program, the Justice Department’ Antitrust Division issued, for the first time in its history, guidance to assist prosecutors in the evaluation of compliance programs at the charging and sentencing stages of investigations. (Here). The Antitrust Division’s new guidance joins DOJ’s Criminal Division Guidance (Here) and the Treasury Department’s Office of Foreign Asset Control’s (OFAC) Framework for Sanctions...
General

16 Jul, 2019

NAVEX Global and Volkov Law Issue Vendor Risk Management Toolkit

NAVEX Global and the Volkov Law Group have issued a new Vendor Risk Management Toolkit: Best Practices for Vendor Risk Profiling — the new toolkit is available HERE. Managing third parties can be tricky, and mistakes costly. But with hundreds – perhaps even thousands – of vendors, where do you begin? Our three-part toolkit provides expert advice on profiling your third party vendors using factors...
General

15 Jul, 2019

DOJ’s Antitrust Division Announces New Policy for Crediting Corporate Compliance Programs (Part I of II)

In yet another major compliance development, the Justice Department announced the adoption of a new policy to credit effective compliance programs in resolving criminal cartel prosecutions against corporations. Since the 1990s, the Antitrust Division’s policy regarding corporate compliance programs was generally fixed given the ability of companies to seek benefits under the leniency program. In this respect, the first reporting company would earn immunity and...
Events

14 Jul, 2019

Webinar: Antitrust Division Announces New Policy to Credit Compliance Programs

Webinar: Antitrust Division Announces New Policy to Credit Compliance Programs July 30, 2019, 12 Noon EST Sign Up HERE In yet another major compliance development, the Justice Department announced the adoption of a new policy to credit effective compliance programs in resolving criminal cartel prosecutions against corporations. Since the 1990s, the Antitrust Division’s policy regarding corporate compliance programs was generally fixed given the ability of...
Podcasts

14 Jul, 2019

Episode 99 — When to Conduct Enhanced Anti-Corruption Due Diligence

Companies face significant challenges in managing their third party risk programs. As companies improve their systems and automate their programs, they continue to face difficult situations in deciding when to conduct enhanced due diligence reviews of a potential third-party. DOJ and the SEC have provided extensive guidance in the third-party risk area, but companies have to develop and implement their own approach to deciding when...

16 Jul, 2019

DOJ’s Antitrust Division Issues New Guidance for Evaluation of Corporate Compliance Programs (Part II of II)

As part of its new corporate compliance credit program, the Justice Department’ Antitrust Division issued, for the first time in its history, guidance to assist prosecutors in the evaluation of compliance programs at the charging and sentencing stages of investigations. (Here). The Antitrust Division’s new guidance joins DOJ’s Criminal Division Guidance (Here) and the Treasury Department’s Office of Foreign Asset Control’s (OFAC) Framework for Sanctions...

General

16 Jul, 2019

NAVEX Global and Volkov Law Issue Vendor Risk Management Toolkit

NAVEX Global and the Volkov Law Group have issued a new Vendor Risk Management Toolkit: Best Practices for Vendor Risk Profiling — the new toolkit is available HERE. Managing third parties can be tricky, and mistakes costly. But with hundreds – perhaps even thousands – of vendors, where do you begin? Our three-part toolkit provides expert advice on profiling your third party vendors using factors...

General

15 Jul, 2019

DOJ’s Antitrust Division Announces New Policy for Crediting Corporate Compliance Programs (Part I of II)

In yet another major compliance development, the Justice Department announced the adoption of a new policy to credit effective compliance programs in resolving criminal cartel prosecutions against corporations. Since the 1990s, the Antitrust Division’s policy regarding corporate compliance programs was generally fixed given the ability of companies to seek benefits under the leniency program. In this respect, the first reporting company would earn immunity and...

Events

14 Jul, 2019

Webinar: Antitrust Division Announces New Policy to Credit Compliance Programs

Webinar: Antitrust Division Announces New Policy to Credit Compliance Programs July 30, 2019, 12 Noon EST Sign Up HERE In yet another major compliance development, the Justice Department announced the adoption of a new policy to credit effective compliance programs in resolving criminal cartel prosecutions against corporations. Since the 1990s, the Antitrust Division’s policy regarding corporate compliance programs was generally fixed given the ability of...

Podcasts

14 Jul, 2019

Episode 99 — When to Conduct Enhanced Anti-Corruption Due Diligence

Companies face significant challenges in managing their third party risk programs. As companies improve their systems and automate their programs, they continue to face difficult situations in deciding when to conduct enhanced due diligence reviews of a potential third-party. DOJ and the SEC have provided extensive guidance in the third-party risk area, but companies have to develop and implement their own approach to deciding when...

General

11 Jul, 2019

The Critical Dataset: HR, Hotlines and Incident Management

It is easy to get swept up into compliance trends, prognosticators of the future, and future compliance terms such as “artificial intelligence,” or “blockchain.” Do not get me wrong, these are the terms for the future and eventually they will be part of common compliance conversations. But sometimes we need to get back to basics. In some cases, Chief Compliance Officers need to remind themselves...

General

10 Jul, 2019

Catching Up with OFAC Sanctions Enforcement Actions

OFAC is clearly sending a message about sanctions enforcement and compliance responsibilities. OFAC is aggressively seeking out new targets for enforcement. OFAC continues to focus on Iran, Cuba, Venezuela and North Korea, aligning itself with current foreign policy objectives. Here is a brief outline of three recent enforcement actions: Western Union (HERE) — On June 7, 2019, OFAC released a settlement with Western Union under...

General

9 Jul, 2019

NAVEX Global’s 2019 Definitive Corporate Compliance Benchmarking Report

NAVEX Global recently released an important compliance report – 2019 Definitive Corporate Compliance Benchmarking Report (HERE). NAVEX’s report contains a number of interesting findings and brings together several current compliance trends and themes. In contrast to focused benchmarking reports, NAVEX’s new report provides a more holistic view of compliance programs. NAVEX’s new approach reflects the trend of consolidating compliance functions and responsibilities. As this trend...

General

8 Jul, 2019

An Introduction to Libra – Facebook’s Foray into Cryptocurrency and its Regulatory Hurdles

Matt Stankiewicz, Senior Associate at the Volkov Law Group, rejoins us for an interesting posting on Facebook’s cryptocurrency plans. Matt can be reached at mstankiewicz@volkovlaw.com. It was inevitable. With the continuing growth of the cryptocurrency industry, major corporations were surely going to begin to figure out how best to profit from it. Facebook has entered the game in a massive way with the announcement of...

Podcasts

7 Jul, 2019

Episode 98 — Quick Dive into Recent OFAC Enforcement Actions

So far in 2019, OFAC is sending a strong message about sanctions enforcement and compliance responsibilities. OFAC is aggressively seeking out new targets for enforcement, emphasizing compliance with Cuba and Iran sanctions programs, and focusing on US companies that acquire foreign subsidiaries to ensure post-closing compliance with OFAC sanctions regulations. In this episode Michael Volkov discusses recent trends in OFAC enforcement actions and priorities.