Category: Podcasts

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3 Sep, 2018

Episode 54 — A Deep Dive into the SEC’s FCPA Settlement with Beam Suntory

In June 2018, the SEC announced an FCPA settlement with Beam Suntory for violations in India. Beam’s settlement totaled over $8 million. Beam’s conduct involved illegal payments made through third-party representatives to increase Beam’s sales, product placement and secure appropriate registrations and approvals needed to distribute liquor in India. Beam also did not receive any remediation credit for its failure to adequately respond to and...

General / Podcasts

26 Aug, 2018

Episode 53 — How to Test and Evaluate Your Compliance Program

An effective compliance program requires that companies review and improve their compliance programs. A company should regularly review and test its controls, and address potential weaknesses in its compliance program. The Justice Department and the SEC have encouraged companies to conduct regular tests and reviews to create a sustainable compliance program. Companies should design and implement a proactive evaluation program to ensure that their compliance...

Podcasts

19 Aug, 2018

Episode 52 — The False Claims Act and Healthcare Fraud

The federal government continues to push aggressive False Claims Act enforcement cases against healthcare companies, including hospitals, skilled nursing facilities, hospices and other healthcare providers. The Justice Department has employed the False Claims Act to target companies in the opioid industry as a response to the opioid crisis in our country. Healthcare companies have to implement effective ethics and compliance controls to protect against fraud...

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12 Aug, 2018

Episode 51 — Interview of Dr. Pat Harned, CEO of the Ethics and Compliance Initiative

Dr. Pat Harned is the CEO of the Ethics and Compliance Initiative (ECI). The mission of the ECI is to empower organizations to build and sustain high quality ethics & compliance programs. Dr. Harned is a leading compliance advocate and strategist. The ECI has been at the forefront of developing compliance standards and best practices. In this episode, Michael Volkov interviews Dr. Harned about the ECI’s...

Podcasts

5 Aug, 2018

Episode 50 — Cryptocurrency and Blockchain: Matt Stankiewicz Interview of Jason Davis, CEO of Hoard Invest

Investing in cryptocurrency is fraught with challenges and inefficiencies. Jason Davis is seeking to solve these problems with Hoard Invest – with a mission to empower anyone, anywhere in the world to hold, track, transfer, and transact with any tokenized asset from their mobile device, privately & instantly. The task in doing so is nothing short of monumental, especially considering the regulatory ambiguity around the industry....

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29 Jul, 2018

Episode 49 — Data Breach Notification in the GDPR Era

Global Companies face a complex set of data breach notification requirements. In the absence of a uniform federal standard, companies have to tailor their data breach notification procedures to meet the requirements of 50 U.S. states. With respect to European Union residents, global companies have to meet stringent requirements established by the General Data Protection Regulations. In this episode, Michael Volkov reviews the data breach...

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22 Jul, 2018

Episode 48: Tom Fox and Michael Volkov Review FCPA Enforcement for First Half of 2018

FCPA enforcement in the first half of 2018 continued at a steady pace. The first half of 2018 included several significant corporate and individual prosecutions for FCPA violations. Tom Fox and Michael Volkov review FCPA enforcement and identify significant trends and enforcement actions. Tom Fox has released his new compliance book — The Compliance Handbook, which is available at HERE

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15 Jul, 2018

Episode 47 — Cybersecurity Threats and Compliance

Companies face evolving and significant cyber risks. The FBI estimates that ransomware will generate at least $1 billion for criminals. Businesses stand to lose at least $400 billion each year from hacks. The cyber defense, forensics and insurance industry will be worth nearly $200 billion by the end of this decade. Each year there is an average of 1.5 million cyber attacks, or approximately 4000 per day....

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8 Jul, 2018

Episode 46 — Implementing a Policy Management Program

Companies have to implement a robust policy management program. In today’s risky environment, companies should automate a robust policy management program that requires regular review, assessment and updating of policies and procedures. A policy management program should be created consisting of key constituencies to ensure that policies and procedures are current, effective, and appropriately tailored to the company’s risk profile. In this episode, Michael Volkov...

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1 Jul, 2018

Episode 45 — Sicily: An Inspiration — Interview of Rosetta Sciacca

In a special podcast episode, I take time out from the legal and compliance world to discuss the wonderful island of Sicily, Italy. To explain and provide an introduction to Sicily, and in particular the western region, I interview my wife, Rosetta Sciacca, about Sicily, its people, its culture and its cuisine. Happy Fourth of July!!!