Corruption, Crime & Compliance

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27 Jan, 2019

Episode 74 — ITAR Compliance Review

Companies involved in the export and import of defense products and services face significant risks surrounding compliance with the International Traffic in Arms (ITAR) statute and regulations. The US State Department’s Directorate of Defense Control (DDTC) tightly regulates the defense industry and aggressively enforces ITAR rules and regulations. In this episode, Michael Volkov interviews Colleen Hurson, Senior Counsel, at The Volkov Law Group, who specializes...

General

26 Jan, 2019

ComplianceNext — Michael Volkov Videos

Over the last couple weeks, I was recently featured in two videos highlighting the importance of building ethical corporate cultures. You can find them published on this online compliance community called Compliance Next. Here are links to two videos I recorded on the importance of corporate culture:Part 1 — HerePart 2 — Here In these videos, I consider why people slow down at school crossings. Is it to...

General

24 Jan, 2019

Trade Secret Risks, Criminal Prosecutions and Protecting Trade Secrets

Businesses understand that their trade secrets are valuable assets. However, businesses fail to understand how vulnerable their trade secrets are to misappropriation and straight-out theft. The US Justice Department has been beefing up its enforcement in this area, relying on new and existing prosecution and investigation tools. Companies have to act with vigilance by protecting their confidential and sensitive trade secrets, and aggressively prosecuting civil...

General

23 Jan, 2019

The Dangerous Compliance Threat – Budget Cuts to Compliance Programs

A fundamental requirement for an effective ethics and compliance program is that it is supported by “adequate resources.” This does not mean a bare minimum requirement; nor is this requirement satisfied by flat-lining a compliance department’s annual budget. Someone is not getting the message straight – a compliance program has to evolve – that does not mean that it has to suck up more resources...

General

23 Jan, 2019

University of St. Thomas Open House on Organizational Ethics and Compliance Programs

On February 27, 2019, the University of St. Thomas Law School is holding an open house on its Organizational Ethics and Compliance Programs. Two days later, on March 1, 2019, the University of St. Thomas Law School is holding a virtual information session. The University of St. Thomas offers a unique curriculum for professionals interested in ethics and compliance. The flyer for the two events...

Events

23 Jan, 2019

Complimentary NAVEX Global Webinar: Best Practices for Vendor Risk Profiling

Webinar: Best Practices for Vendor Risk Profiling February 6, 2019, 10 AM PST/1 PM EST Sign Up HERE Third-party vendors expose your organization to risk. How you manage your vendors—from onboarding, to identifying and scoring risk, to ongoing monitoring—has a huge impact on your business. Multi-factor modeling and risk profiling is crucial to minimizing your risk and staying ahead of regulators and third-party-related reputational damage. But how do you...

General

22 Jan, 2019

Ethics and Compliance Trends: Humans and Automation, Intelligence and Technology

For me, the year-end retrospectives have become a rite of passage. While there has been modest changes and trends in the enforcement arena, I am amazed each year at the pace at which compliance as a discipline and a profession continues to move forward. While there is much that is written about compliance and current or immediate trends, in reality, on the ground, compliance as...

General

22 Jan, 2019

Merging Trade Compliance and Ethics and Compliance Silos

Business operations can be riddled with inefficiencies. It is easy to spot them inside a company. The same rule applies to ethics and compliance programs. Given a specific global business configuration, ethics and compliance programs have to be designed efficiently to support the business. For some reason, a number of compliance programs have been built with two separate silos – one for trade compliance and...

General

20 Jan, 2019

False Claims Act 2018 Year in Review – Making Sense of the DOJ Fraud Statistics

Jessica Sanderson, Of Counsel, The Volkov Law Group, joins us for her initial posting on the False Claims Act. Jessica can be reached at [email protected]. On December 21, 2018, the Department of Justice (“DOJ”) released its Fraud statistics showing $2.8 billion recovery under the False Claims Act (“FCA”) for 2018.[1] While this number is staggering, fiscal year 2018 FCA recoveries were down more than ½...

Podcasts

19 Jan, 2019

Episode 73 — Review of FCPA Settlements for Polycom, Eletrobras, and Two Former Panasonic Avionics Officers

The SEC and the Justice Department closed their respective 2018 books with resolution of three separate enforcement actions: Polycom, Eletrobras and Two Former Officers of Panasonic Avionics. In this episode, Michael Volkov reviews and discusses important lessons learned from these three separate FCPA enforcement actions.