In this episode of Corruption, Crime and Compliance, Michael Volkov devotes a full deep dive to Operation Economic Outcast, Treasury’s aggressive campaign to close off Iran’s remaining financial and commercial channels following the collapse of a June 2026 US-Iran memorandum of understanding. He walks through OFAC’s expansion of sectoral sanctions into aviation, digital assets, gold, shipping, and technology with no U.S. nexus required, the suspension...

If you’re planning for 2027 with 2025’s budget in mind, your compliance program is about to fall on its face. KPMG just surveyed 725 chief compliance officers, and the headline is simple: the job has fundamentally expanded, and if your 2027 plan doesn’t reflect that, you’re already behind. 75% of CCOs say cybersecurity and data privacy are top investment priorities. 77% say the same about...

In this episode of Corruption, Crime and Compliance, Michael Volkov examines two significant executive sentencings handed down within a day of each other: Tomás Niembro Concha, the former CEO of Puerto Rico’s now-defunct Nodus International Bank, sentenced to more than nine years for a multiyear fraud scheme that fleeced his own bank of nearly $25 million and a scheme to evade U.S. sanctions on Venezuela...

Lo and behold, Boeing gets sued over another safety crisis, and this time Boeing actually won. Want to know why? They kept the receipts. Yesterday I told you about two cases where Delaware let Caremark claims move forward. Today, the case where the board won, and its most important Caremark decision in years. Boeing again. New litigation, this time over the 2024 Alaska Airlines door...

In this episode of Corruption, Crime and Compliance, Michael Volkov explains why standard software procurement templates fail to protect organizations in AI vendor relationships, and what to do about it. He walks through the structural differences that make AI vendors riskier than traditional software vendors, multi-layered data flows through underlying foundation models, frequent model swaps, and vendors’ commercial incentive to train on customer data, and...