Category: Podcasts

13 Jun, 2021

Episode 198 — The Biden Administration Announces Anti-Corruption Battle as a National Security Interest

In a far-reaching action, the Biden Administration elevated the global fight against corruption as a national security interest. In an Executive Memorandum, the Biden Administration made a strong statement against corruption, citing the devastating impact that corruption has on democratic institutions, democratic governments, economic development, and other public interest objectives. The Administration launched a robust inter-agency review of the anti-corruption battle, including increased international cooperation,...

Podcasts

6 Jun, 2021

Episode 197 — Review of LRN and NAVEX Global Compliance Surveys and Reports

LRN and NAVEX Global release two important annual surveys. LRN issues a yearly report on ethics and compliance program effectiveness. NAVEX Global issues an important annual report on incident management trends based on its large database of hotline data. In this Episode, Michael Volkov review these two reports and the important ethics and compliance trends.

Podcasts

31 May, 2021

Episode 196 — Managing Cybersecurity Risks

The ransomware attack on Colonial Pipeline demonstrated yet again the failure of government and business to anticipate cybersecurity issues through traditional tools – risk and vulnerability analysis, implementation of technology and planning to minimize a cyber event, and crisis response protocol. In the aftermath of this debacle, the public lined up to purchase gallons of gasoline because of a short-term shortage in gasoline. These scenes of panic...

Podcasts

23 May, 2021

Episode 195 — Antitrust Compliance Programs

The Biden Administration is expected to increase antitrust enforcement against criminal cartels and bid-rigging conspiracies. Global companies have to address this significant risk by implementing a compliance program that meets the Justice Department’s 2019 Guidance on Antirust Compliance Programs. In this Episode, Michael Volkov reviews the Antitrust Division’s Guidance and compliance program requirements.

Podcasts

16 May, 2021

Episode 194 — Anti-Corruption Enforcement and Compliance Trends in the Pharmaceutical and Medical Device Industries

The Justice Department and the SEC have a long history of focusing FCPA enforcement on pharmaceutical and medical device companies. Starting with a broad “industry sweep” nearly a decade ago, DOJ and the SEC have brought numerous enforcement actions. In response, drug and device companies have attempted to implement effective compliance programs. In this Episode, Mike Volkov discusses FCPA enforcement trends and compliance strategies.

Podcasts

9 May, 2021

Episode 193: Proactive Compliance — Monitoring, Testing and Audits

Compliance programs are rapidly evolving. One of the key drivers of this transformation is the increased reliance on automated compliance functions that generate substantial data. Relying on data analytic strategies, compliance officers are quickly identifying key areas for measurement, monitoring and assessment as an important means to intervene and prevent serious misconduct. In this Episode, Michael Volkov reviews the rapid movement toward proactive compliance and...

Podcasts

2 May, 2021

Episode 192 — The DOJ-SAP Settlement: A New Compliance Frontier

In a precedent-setting agreement, the Justice Department, OFAC and the Bureau of Industry Security announced a settlement with SAP SE for more than $8 million for numerous violations of the Iran Sanctions program. While the Justice Department’s National Security Division (“NSD”) has settled prior export control and sanctions cases against corporations for violations of the North Korea Sanctions program, the SAP case is the first...

Podcasts

25 Apr, 2021

Episode 191 — Interview of Chad Main, Founder of Percipient, a Leading Legal and Compliance Technology Firm

Chad Main is the Founder of Percipient, a legal and compliance technology firm. Chad joins Michael Volkov for a discussion of current legal and compliance technology trends.Chad provides helpful advice on use of technology in compliance programs and functions. Chad’s company website is Here.

Podcasts

18 Apr, 2021

Episode 190 — Catching Up on Russia and Burma Sanctions Programs

Last week, the Biden Administration announced new and significant trade sanctions against Russia. The action was long expected given the Biden Administration’s criticism of Russia, and was a comprehensive response to Russia’s interference in the 2020 US election, its SolarWinds cyberattack and its ongoing occupation of Crimea and threatening addition of troops along the Ukraine border. Over the last few months, OFAC has ratcheted up sanctions against...

General / Podcasts

11 Apr, 2021

Episode 189 — A Review of the ESG Movement

ESG is firmly implanted in the corporate governance landscape. Prosecutors and regulatory agencies are quickly adding ESG to their lexicon. The real question for every organization is “what are you doing to address it?” ESG is a terrific opportunity to leverage an organization’s corporate culture to address a broad set of values beyond ESG principles. In this Episode, Michael Volkov discusses the ESG movement and...