Corruption, Crime & Compliance - Bribery, FCPA, AML

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Podcasts

24 Mar, 2019

Episode 82 — A Deep Dive into the Cognizant Technology FCPA Enforcement Action

In the first corporate FCPA action of 2019, Cognizant Technology Solutions Company settled its long-running FCPA case, agreeing to pay the SEC $25 million. At the same time, the Justice Department announced: (1) its’ declination under the FCPA Corporate Enforcement Policy; and (2) the indictment of Cognizant’s former President and General Counsel for criminal FCPA violations. In this Episode, Michael Volkov discusses the Cognizant FCPA...
General

21 Mar, 2019

Ethics, Profits, Sustainability and Stakeholders: An Update on a Familiar Relationship

And now we return to a familiar theme with some important updates – I always start with the simple proposition: ethical companies perform better over the long run; that does not mean that ethical companies will always be profitable, but it does mean that ethical companies will perform better than they would otherwise perform. Some call this the ethical advantage or the ethical premium. I...
General

21 Mar, 2019

Thomson Reuters Webinar: Top 3 Areas for Anti-Corruption Compliance

Webinar: Top 3 Areas for Anti-Corruption Compliance April 11, 2019, 2 PM EST SIGN UP HERE As corruption risks increase, are you aware of the top 3 focus areas for compliance? Thomson Reuters is pleased to offer a webinar conducted by Julie DiMauro, Regulatory Intelligence Expert, and Michael Volkov, CEO at The Volkov Group focused on the top-3 issues for anti-corruption compliance. Global anti-corruption risks...
General

21 Mar, 2019

Does Your Board Know How to Conduct Oversight and Monitor Your Compliance Program?

There is nothing training cannot do. Nothing is above its reach. It can turn bad morals to good; it can destroy bad principles and recreate good ones; it can lift men to ‘angel ship. – Mark Twain I am always struck by how much is written about tone-at-the-top, board commitment to compliance and specific benchmarking of chief compliance officer access and reporting to a corporate...
General

19 Mar, 2019

National College Admissions Scandal Reveals Corrupt Underbelly of College Exams and Athletic Recruitment

In a shocking announcement, federal prosecutors announced the arrest and charges against numerous individuals in connection with a nationwide criminal investigation focusing on college entrance exam cheating and admission of students to elite universities as fake athletic recruits. Athletic coaches from Yale, Stanford, USC, Wake Forest and Georgetown, as well as parents and exam administrators have been implicated. At the center of the scam was...

24 Mar, 2019

Episode 82 — A Deep Dive into the Cognizant Technology FCPA Enforcement Action

In the first corporate FCPA action of 2019, Cognizant Technology Solutions Company settled its long-running FCPA case, agreeing to pay the SEC $25 million. At the same time, the Justice Department announced: (1) its’ declination under the FCPA Corporate Enforcement Policy; and (2) the indictment of Cognizant’s former President and General Counsel for criminal FCPA violations. In this Episode, Michael Volkov discusses the Cognizant FCPA...

General

21 Mar, 2019

Ethics, Profits, Sustainability and Stakeholders: An Update on a Familiar Relationship

And now we return to a familiar theme with some important updates – I always start with the simple proposition: ethical companies perform better over the long run; that does not mean that ethical companies will always be profitable, but it does mean that ethical companies will perform better than they would otherwise perform. Some call this the ethical advantage or the ethical premium. I...

General

21 Mar, 2019

Thomson Reuters Webinar: Top 3 Areas for Anti-Corruption Compliance

Webinar: Top 3 Areas for Anti-Corruption Compliance April 11, 2019, 2 PM EST SIGN UP HERE As corruption risks increase, are you aware of the top 3 focus areas for compliance? Thomson Reuters is pleased to offer a webinar conducted by Julie DiMauro, Regulatory Intelligence Expert, and Michael Volkov, CEO at The Volkov Group focused on the top-3 issues for anti-corruption compliance. Global anti-corruption risks...

General

21 Mar, 2019

Does Your Board Know How to Conduct Oversight and Monitor Your Compliance Program?

There is nothing training cannot do. Nothing is above its reach. It can turn bad morals to good; it can destroy bad principles and recreate good ones; it can lift men to ‘angel ship. – Mark Twain I am always struck by how much is written about tone-at-the-top, board commitment to compliance and specific benchmarking of chief compliance officer access and reporting to a corporate...

General

19 Mar, 2019

National College Admissions Scandal Reveals Corrupt Underbelly of College Exams and Athletic Recruitment

In a shocking announcement, federal prosecutors announced the arrest and charges against numerous individuals in connection with a nationwide criminal investigation focusing on college entrance exam cheating and admission of students to elite universities as fake athletic recruits. Athletic coaches from Yale, Stanford, USC, Wake Forest and Georgetown, as well as parents and exam administrators have been implicated. At the center of the scam was...

General

18 Mar, 2019

U.S. Domestic Bribery Enforcement and State and Local Corruption

We spend a lot of time discussing foreign bribery. The United States has its own bribery problems, depending on the states in which a business operates and the extent to which it relies on government business. Sometimes our myopic approach ignores significant domestic bribery risks. The FBI has long been at the forefront of the fight against federal and state bribery in the United States. ...

Podcasts

17 Mar, 2019

Episode 81 — Update on OFAC Enforcement and Compliance Lessons Learned

OFAC is off to a fast start in 2019. It has implemented enhanced Venezuela sanctions and designated PDVSA as a Specially Designated National, and brought four separate enforcement actions with important lessons learned for sanctions compliance. In this Episode, Michael Volkov reviews OFAC’s actions and outlines important sanctions compliance lessons learned.

General

14 Mar, 2019

2019 Cryptocurrency Regulations – A Primer and What to Expect Throughout the Year

Matt Stankiewicz, Senior Counsel at The Volkov Law Group, rejoins us for an interesting posting on 2019 cryptocurrency trends and regulations. Matt can be contacted at mstankiewicz@volkovlaw.com. You’ve heard this before, but it still holds true – cryptocurrency regulations are coming. Everyone knows they’re inevitable, and there has been some trepidation amongst investors that regulations will disrupt innovation and just generally cause a mess within...

General

13 Mar, 2019

Lessons Learned and Trends from MTS FCPA Enforcement Action and Criminal Indictment of Karimova and Akhmedov (Part III of III)

The MTS FCPA enforcement action stands as one of several significant prosecutions in FCPA history. The breadth and depth of MTS’ corruption scheme stands as another example of systemic bribery cultures. The details of the enforcement action underscore several important trends and enforcement policies. Let’s review some of the more significant lessons learned and trends. Application of FCPA Corporate Enforcement Policy: MTS was not able...

General

12 Mar, 2019

Anatomy of MTS, Karimova and Akhmedov Bribery Scheme in Uzbekistan (Part II of III)

The MTS bribery scandal in Uzbekistan represents the culmination of several significant FCPA violations involving VimpelCom, Telia Sonera, MTS, and Gulnara Karimova, the notoriously corrupt daughter of the former Uzbek President. Karimova is perhaps one of the most notorious corrupt offenders in the world. She has been under house arrest in Uzbekistan since 2014. (Indictment Here). According to MTS’ admissions, MTS and its subsidiaries, Uzdunrobita...

Featured Articles:

Episode 82 — A Deep Dive into the Cognizant Technology FCPA Enforcement Action

Ethics, Profits, Sustainability and Stakeholders: An Update on a Familiar Relationship

Thomson Reuters Webinar: Top 3 Areas for Anti-Corruption Compliance

Does Your Board Know How to Conduct Oversight and Monitor Your Compliance Program?

National College Admissions Scandal Reveals Corrupt Underbelly of College Exams and Athletic Recruitment

Episode 82 — A Deep Dive into the Cognizant Technology FCPA Enforcement Action

Ethics, Profits, Sustainability and Stakeholders: An Update on a Familiar Relationship

Thomson Reuters Webinar: Top 3 Areas for Anti-Corruption Compliance

Does Your Board Know How to Conduct Oversight and Monitor Your Compliance Program?

National College Admissions Scandal Reveals Corrupt Underbelly of College Exams and Athletic Recruitment

U.S. Domestic Bribery Enforcement and State and Local Corruption

Episode 81 — Update on OFAC Enforcement and Compliance Lessons Learned

2019 Cryptocurrency Regulations – A Primer and What to Expect Throughout the Year

Lessons Learned and Trends from MTS FCPA Enforcement Action and Criminal Indictment of Karimova and Akhmedov (Part III of III)

Anatomy of MTS, Karimova and Akhmedov Bribery Scheme in Uzbekistan (Part II of III)

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It’s the Culture, Stupid

Pointing the Finger

Moving the Goalposts

A Return to Common Sense