Corruption, Crime & Compliance

Featured Articles:

5 Jan, 2020

Episode 121: 2019 — FCPA Year in Review

The Justice Department and the SEC had a record year in FCPA enforcement — the largest amount of penalties against corporate defendants and the most individuals charged in one year. DOJ also adopted new guidance on corporate compliance programs. The Justice Department’s enforcement year included several major prosecutions, including Ericsson, Walmart, Fresenius Medical and Cognizant Technology. In this Episode, Michael Volkov reviews 2019 FCPA enforcement...

Elizabeth Slim, a Certified Anti-Money Laundering Specialist, Joins The Volkov Law Group

General

2 Jan, 2020

Elizabeth Slim, a Certified Anti-Money Laundering Specialist, Joins The Volkov Law Group

The Volkov Law Group is pleased to announce that Elizabeth (“Liz”) Slim has joined the firm as a Senior Consultant. Liz can be reached at [email protected]. Liz has been a Certified Anti-Money Laundering Specialist (“CAMS”) for 15 years; she has over thirty-five (35) years specializing in bank operations, compliance, risk management and regulatory training at various community to mid-size financial institutions. For the last fifteen...

Two Webinars: 2019 FCPA Year in Review & 2019 OFAC Enforcement Year in Review

Events

2 Jan, 2020

Two Webinars: 2019 FCPA Year in Review & 2019 OFAC Enforcement Year in Review

2019 — The FCPA Year in Review January 7, 2020, 12 Noon EST FCPA Sign Up HERE 2019 — OFAC and Sanctions Enforcement January 21, 2020, 12 Noon EST OFAC Sign Up HERE FCPA: The Justice Department and the SEC had a record year in FCPA enforcement — the largest amount of penalties against corporate defendants and the most individuals charged in one year. DOJ also adopted...

General

23 Dec, 2019

Happy Holidays

To all of our clients, readers, subscribers, listeners, from everyone at The Volkov Law Group wishes you Happy Holidays and a Happy New Year!! We will resume our blog, podcasts and webinars with the new year — on January 2, 2020. Best wishes to all — Mike, Jessica, Matt, and Noah.

Travel Insurance Companies Hit with OFAC Enforcement Actions

General

18 Dec, 2019

Travel Insurance Companies Hit with OFAC Enforcement Actions

The Treasury Department’s Office of Foreign Asset Control (“OFAC”) continues to rack up settlements. Two travel insurance companies recently settled OFAC enforcement actions for violations of the Cuban Embargo. Allianz Global Risks Allianz Global Risks US Insurance Company (“AGR US”) is the US subsidiary of the German financial company. AGR US operates AGR Canada as a branch office in Toronto, Canada. AGR US agreed to...

Compliance Messaging: Need a Reason? ‘Tis the Season!

General

17 Dec, 2019

Compliance Messaging: Need a Reason? ‘Tis the Season!

Jessica Sanderson, Of Counsel at The Volkov Law Group, rejoins us for a posting on gift-giving, the holiday season and compliance messaging. Jessica can be reached at [email protected]. As the holidays quickly approach, consider sending a message from the Board or senior management reminding employees about your gift and hospitality policy. DOJ Guidance highlights tailored communications as a “hallmark” of any well-designed compliance program, and...

Bumble Bee CEO Convicted of Participating in Price-Fixing Conspiracy

General

16 Dec, 2019

Bumble Bee CEO Convicted of Participating in Price-Fixing Conspiracy

Global companies are paying greater attention to criminal antitrust risks – and with good reason. We often dwell on the impact to a company of a major FCPA investigation. A global criminal antitrust investigation often in destabilizing given the mature global enforcement environment. Cartel members often have to respond to multiple jurisdictions to resolve their potential liability. In early December 2019, after a four-week trial,...

Episode 120 — Interview of NAVEX Global’s Chris Bailey and Stephen Gooding

Podcasts

15 Dec, 2019

Episode 120 — Interview of NAVEX Global’s Chris Bailey and Stephen Gooding

Global companies face extraordinary risks through their reliance on third-party agents, distributors, consultants and vendors/suppliers. Federal prosecutors and regulators have had a record year in FCPA and sanctions enforcement. To mitigate these risks, global companies are quickly adopting automated platforms to manage their third-party risks. NAVEX Global is at the forefront of this effort through its RiskRate automated platform. Chris Bailey, Product Manager, NAVEX Global,...

Events

13 Dec, 2019

Webinar: 2019 — The FCPA Year in Review

2019 — The FCPA Year in Review January 7, 2020, 12 Noon EST Sign Up HERE The Justice Department and the SEC had a record year in FCPA enforcement — the largest amount of penalties against corporate defendants and the most individuals charged in one year. DOJ’s Ericsson and MTS settlements resulted in nearly $2 billion in recoveries. DOJ had several trial victories as well...

Boston Heart Diagnostics Pays $26.67 Million to Settle False Claims Act Case

General

12 Dec, 2019

Boston Heart Diagnostics Pays $26.67 Million to Settle False Claims Act Case

Boston Heart Diagnostics, a Massachusetts company, agree to pay $26.7 million to settle a False Claims Act case involving allegations of paying illegal kickbacks to physicians. According to the settlement, Boston Heart charged Medicare and Medicaid patients for advanced lipid testing referred by providers who received kickbacks from independent marketers at the direction of Boston Heart. Starting in 2015, Boston Heart provided advanced lipid testing...