Author: Michael Volkov

Health Care Fraud and Compliance

Health Care Fraud and Compliance

While I devote much of my blog to anti-corruption issues, I wanted to take a few posts to examine significant health care fraud and compliance issues. What is interesting is the overlap in many compliance issues. Like the anti-corruption area, the Justice Department and HHS have aggressively enforced health care fraud laws. Over the past two years, the Justice Department has expanded its prosecution of...

The Compliance Gap — A Reality Check

The Compliance Gap — A Reality Check

With all the hoopla these days about the FCPA, UK Bribery Act and other anti-corruption law enforcement, you would expect that every company has initiated some compliance actions.  With guidance provided by Justice Department filings and settlements, the U.S. Sentencing Guidelines, the OECD, and the UK Ministry of Justice, companies have certainly available resources to assist them in the compliance arena. A 2011 KPMG survey, however, paints a...

The Compliance Gap — A Reality Check

The Compliance Gap — A Reality Check

With all the hoopla these days about the FCPA, UK Bribery Act and other anti-corruption law enforcement, you would expect that every company has initiated some compliance actions.  With guidance provided by Justice Department filings and settlements, the U.S. Sentencing Guidelines, the OECD, and the UK Ministry of Justice, companies have certainly available resources to assist them in the compliance arena. A 2011 KPMG survey, however, paints a...

Anti-Corruption Training: A Critical Component of a Compliance Program

Anti-Corruption Training: A Critical Component of a Compliance Program

The importance of  anti-corruption training is often understated in comparison to other elements of a successful anti-corruption compliance program.  Perhaps we should start with the term “training” and broaden the concept to what it really is — “communicating, listening and responding.”  For compliance officers and staff, training programs is the one critical opportunity to educate, listen and learn from the audience.  It is a two-way communication...

Let the Headaches Begin: SEC Adopts Whistleblower Rules

Let the Headaches Begin: SEC Adopts Whistleblower Rules

The SEC adopted rules to implement the new whistleblower program authorized by the Dodd-Frank financial reform bill.  In a 3-2 vote, following party lines, the SEC adopted the rules over a vigorous defense that the new program will undermine corporate compliance programs by financially rewarding whistleblowers who circumvent existing compliance program reporting requirements. The whistleblower office receives about 1-2 credible reports every day, according to...

Building Your Anti-Corruption Compliance Program: One Brick At A Time

Building Your Anti-Corruption Compliance Program: One Brick At A Time

As part of my continuing series on building an anti-corruption compliance program from scratch, we need to work on the next step in our continuing series.  In yesterday’s post I described the risk assessment process.  So, your Bible is now complete.  Your risk assessment outlines potential risks and covers the following: geographic areas of operation and levels of corruption in these countries; industry corruption levels and enforcement...

Empowering Compliance Officers

Empowering Compliance Officers

The importance of compliance officers in today’s business is on the rise.  This trend reflects the increasing importance of risk management and proactive compliance to minimize those risks. But there is more for a compliance officer to do then simply manage and minimize risks.  Indeed, the role of the compliance officer needs to extend into day-to-day business operations; the more this occurs the better off...

Empowering Compliance Officers

Empowering Compliance Officers

The importance of compliance officers in today’s business is on the rise.  This trend reflects the increasing importance of risk management and proactive compliance to minimize those risks. But there is more for a compliance officer to do then simply manage and minimize risks.  Indeed, the role of the compliance officer needs to extend into day-to-day business operations; the more this occurs the better off...

Starting from Scratch on an Anti-Corruption Compliance Program

Starting from Scratch on an Anti-Corruption Compliance Program

What if – and this is a big what if – your company is starting from scratch on its anti-corruption compliance program? Your company’s Code of Conduct includes a paragraph prohibiting foreign bribery and mandating accurate books and records, and says little more. Some companies are able to relate to these questions. At the outset, your company has to recognize a couple of reality checks...

Defendant Folds Hand in Online Poker Case

Defendant Folds Hand in Online Poker Case

One of the eleven defendants charged in the online poker criminal case in the New York has plead guilty and agreed to cooperate.  Bradley Franzen plead guilty in court today and admitted to assisting oinline poker companies to process their internet gambling transactions.  Mr. Franzen’s company aided the copnspiracy by matching online poker sites with electronic-payment processors.  He admitted that he matched such services and sought to...