Category: General

15 Feb, 2021

The Urgency of Ethics and Compliance – The Biden Administration and Enforcement

The Biden Administration has a lot on its plate – that is obvious. Tackling the COVID-19 pandemic and restoring economic growth is one of the most difficult challenges ever facing our country. Across the government, a new administration poses significant changes in priorities. The Justice Department will be tough on corporate crime and compliance. With the exception of a failure to prosecute individuals responsible for...

General

11 Feb, 2021

Tom Fox Releases The Compliance Handbook 2nd Edition

Tom Fox, the Compliance Evangelist, has announced the release of his Compliance Handbook, Second Edition. Tom is a compliance leader and his handbook is a must read for all ethics and compliance professionals. The Second Edition provides practical and helpful solutions on important ethics and compliance issues. It is comprehensive, accessible and a must-have for every ethics and compliance professional. Tom has teamed up with...

General

10 Feb, 2021

Corruption and Coronavirus – A Toxic Combination

Alex Cotoia, who recently joined The Volkov Law Group, as a Regulatory Manager and Compliance Consultant, joins us for a posting on Transparency International’s 2020 Corruption Perceptions Index. Alex can be reached at [email protected]. On January 28, 2021, Transparency International (“TI”), a non-governmental organization globally renowned for its work in combatting corruption in both the public and private sectors, released its much-awaited Corruption Perceptions Index...

General

10 Feb, 2021

CCOs Have a Target on Their Backs: The Coming Storm (Part III of III)

I have always played down the issue of CCO liability and prosecutions. I dismiss these concerns often because the reporting of CCO prosecutions are usually exaggerated and meant to instill fear in compliance professionals. In my simplistic approach, I have followed the general rule of thumb – if you do something wrong, you pay the price. In a number of cases involving compliance officer prosecutions,...

General

9 Feb, 2021

Troubling Trends: The CCO’s Authority, Independence and Access to Resources (Part II of III)

While my first posting highlighted the positive developments in the CCO’s role and professional development, the next two postings present troubling concerns. We have to recognize that 2020 was a difficult and unusual year for CCOs, given the panoply of risks, the disruption to every organization, and devastating impact of the COVID-19 pandemic. CCOs were forced into a new environment where health and safety issues,...

General

8 Feb, 2021

The State of the Chief Compliance Officer: Looking Back and to the Future (Part I of III)

To start the New Year, it is a good idea to review the trends in the role and status of Chief Compliance Officers. As we witness the continuing growth in stature of the CCO, we need to exercise caution. Some troubling concerns are becoming apparent. With a new Attorney General and Biden Administration, CCOs have to be mindful of their ever increasing responsibilities and concomitant...

General

7 Feb, 2021

Alexander Cotoia Joins The Volkov Law Group as a Regulatory Manager and Compliance Consultant

The Volkov Law Group is proud to announce that Alexander Cotoia has joined the firm as a Regulatory Manager and Compliance Consultant. Alexander specializes in corporate risk assessments, evaluation of general compliance programs, and the remediation of compliance deficiencies. He also specializes in trade (export) compliance and is familiar with a broad range of issues arising under both the Arms Export Control Act and its...

General

4 Feb, 2021

Boeing’s 737 MAX Scandal: A Fair Resolution? (Part III of III)

Boeing’s settlement with DOJ raises more questions than answers. While I understand that a criminal case against Boeing requires DOJ to identify one or more individuals who have committed a crime that can be fairly attributed to the Boeing corporation. The doctrine of respondeat superior is the mechanism by which this legal attribution occurs. Boeing has been praised for its remediation efforts and its end...

General

3 Feb, 2021

Boeing’s 737 MAX Scandal: A Review of Boeing’s Deception of the FAA (Part II of III)

Boeing’s criminal conduct, as described in the settlement papers, centered on two of its 737 MAX Flight Technical Pilots, who deceived the FAA about an important aircraft part called the Maneuvering Characteristics Augmentation System (MCAS) that impacted the flight control system of the Boeing 737 MAX. Because of their deception, a critical document published by the FAA lacked information about MCAS, and in turn, airplane...

General

2 Feb, 2021

Ripple Responds to the SEC’s Enforcement Action

Matt Stankiewicz, Managing Counsel at The Volkov Law Group, joins us for updates on the SEC enforcement action against Ripple. Matt can be reached at [email protected]. Following the SEC’s December filing, Ripple Labs, Inc. has now responded and taken its first steps to defend itself against the allegations. Ripple’s first move was to file FOIA request with the SEC to obtain the information from the...