Corruption, Crime & Compliance

Featured Articles:

DOJ’s Antitrust Division Launches Two Criminal Prosecutions of Illegal No-Poach and Wage-Fixing Agreements

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11 Jan, 2021

DOJ’s Antitrust Division Launches Two Criminal Prosecutions of Illegal No-Poach and Wage-Fixing Agreements

The Antitrust Division has warned companies that it would bring criminal indictments against companies that enter into illegal no-poach or wage-fixing agreements. The Antitrust Division has now put its money where its mouth is, announcing two significant criminal cases at the end of 2020 and at the beginning of 2021, respectively. The SCA No Poach Case On January 5, 2021, a federal grand jury...

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11 Jan, 2021

2020: A Year of Ethical Challenges

If ever there was a year that challenged corporate leaders on their commitment to business ethics, 2020 was the year. The number of difficult issues facing corporate leaders were challenging and ran the gamut – from health and safety concerns, to business continuity, and to economic disruptions and lay-offs or reductions in force. Even outside the organization, social concerns, supply chain management and community needs...

Podcasts

10 Jan, 2021

Episode 176 — 2020 FCPA Enforcement and Compliance Trends

The Justice Department and the Securities and Exchange Commission had another record year of enforcement. In fact, the last four years of FCPA enforcement included two years of record enforcement – 2019 and 2020. After those two years, 2016, 2014, 2010 were larger enforcement years (as measured by total fines) than 2017 and 2018, the first two years of FCPA enforcement under the Trump Administration. In this...

OFAC Ends 2020 with Two Enforcement Actions

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7 Jan, 2021

OFAC Ends 2020 with Two Enforcement Actions

OFAC reported two new enforcement actions in the week between Christmas and New Year’s. The two new enforcement actions are interesting examples of sanctions enforcement, one of which involved the first against a digital currency company. BitGo Settlement BitGo, Inc. a technology platform that provides digital asset wallet management, agreed to pay $98,830 to settle 183 apparent violations of multiple sanctions programs, including the Crimea...

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6 Jan, 2021

2021 FCPA Predictions (Part IV of IV)

Well, it is that time again. I get to put on my Carnac the Magnificent Hat and offer my FCPA predictions for 2021. I should get a pass on my 2020 FCPA Predictions posting because no one could have anticipated the COVID-19 pandemic. Although even with the asterisk, I correctly predicted the Goldman Sachs enforcement action (which was not so hard given Goldman Sachs disclosure...

2020 Year in Review: Interesting Enforcement Actions (Part III of IV)

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6 Jan, 2021

2020 Year in Review: Interesting Enforcement Actions (Part III of IV)

DOJ and the SEC each had a great year in FCPA enforcement. But it is important to acknowledge that the blockbuster case, Goldman Sachs, was the driver of this successful year. Goldman Sachs Goldman Sachs paid DOJ and the SEC nearly $4 billion in fines and disgorgement. DOJ has reccivered nearly $1` billion in assets through its forfeiture initiative. Goldman Sachs was a massive and...

Rescheduled Webinar: 2020 FCPA Enforcement and Compliance Review

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5 Jan, 2021

Rescheduled Webinar: 2020 FCPA Enforcement and Compliance Review

2020 FCPA Enforcement and Compliance Trends January 12, 2021, 12 Noon EST Sign Up HERE FCPA enforcement in 2020 was a record year. The Justice Department collected a record-setting amount of criminal fines for anti-corruption violations, while continuing its aggressive criminal indictment of individuals for FCPA and other criminal offenses. In this webinar, Michael Volkov reviews FCPA enforcement and compliance issues for 2020.

2020 Year in Review: DOJ and SEC Compliance Guidance (Part II of IV)

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4 Jan, 2021

2020 Year in Review: DOJ and SEC Compliance Guidance (Part II of IV)

DOJ and the SEC have provided unprecedented compliance guidance and information. DOJ has established itself as the preeminent leader in advancing ethics and compliance programs, best practices and innovations. No agency or global organization has had such a dramatic impact on the improvement of corporate compliance programs. To be sure, DOJ and the SEC have a two-prong strategy – first and most important, DOJ and...

General

4 Jan, 2021

2020 FCPA Review: Another Record Year for Enforcement (Part I of IV)

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23 Dec, 2020

Happy Holidays!

The Volkov Law Group wishes our clients, colleagues, subscribers, readers and friends and families a wonder, happy holiday season. We are grateful for your support and your friendship. While this has been a very difficult year, we look forward to a New Year filled with hope, recovery, and a bright path forward. Our blog will return after the New Year. Thank you again from all...