Corruption, Crime & Compliance

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12 Mar, 2025

Israeli Freight Forwarder Sentenced to Two Years in Prison for Violating U.S. Export Controls on Aircraft Components to Russia

The recent sentencing of Israeli freight forwarder Gal Haimovich to two years in federal prison for violations of U.S. export controls serves as a striking example of the aggressive enforcement posture adopted by U.S. authorities in response to the circumvention of trade restrictions on Russia. Prosecuted in the United States District Court for the Southern District of Florida, the case underscores the severity with which...

General

11 Mar, 2025

Quadrant Magnetics Executives Plead Guilty to ITAR Violations for Transmitting Controlled Technical Data to China

Heightened federal scrutiny of unauthorized technology transfers to foreign entities has once again resulted in high-profile criminal convictions, as two senior executives of Quadrant Magnetics, a Kentucky-based manufacturer specializing in rare earth magnetics, have pleaded guilty in federal district court to charges stemming from the unlawful transmission of ITAR-controlled technical data to an affiliate in China. The case, which underscores the heightened scrutiny of corporate...

General / Podcasts

9 Mar, 2025

Episode 359 — Review of the EU Whistleblowing Directive with Alex Cotoia and Daniela Melendez

This week, we bring you a replay of one of our most impactful podcasts from last year, featuring Alex Cotoia and Daniela Melendez. Listen in as we discuss the EU Whistleblower Directive of October 2019. We’ll return next week with one of our regular updates. Directive 2019/1937 of the European Parliament and Council dated 23 October 2019 on the “protection of persons who report breaches...

Podcasts

2 Mar, 2025

Episode 358 – Ethics and Compliance Trends for 2025: Is Your Company Prepared?

With tariffs shaking global trade, aggressive sanctions enforcement, and new risks from AI, businesses must rethink their strategies. Can your compliance program keep up, or will it be left scrambling? In this episode of Corruption, Crime, and Compliance, Michael Volkov unpacks the rapidly shifting risk landscape facing businesses today. From trade compliance and supply chain disruptions to cybersecurity and government enforcement, Mike highlights the top...

Uncategorized

26 Feb, 2025

Flighttime Enterprises, Inc. and Employees Indicted Over Alleged Role in Facilitating Illegal Exports to Russia

In one of the most significant enforcement actions involving the illicit export of aircraft components to Russia since the imposition of sweeping sanctions in response to the country’s invasion of Ukraine, the U.S. Department of Justice recently unsealed an indictment charging FlightTime Enterprises, Inc. (“FTE”) and three of its employees implicated in a complex scheme to circumvent U.S. export controls. The indictment, filed in the...

General

25 Feb, 2025

Mitigating Risks of “Interacting” with Cartels and TCOs

We have some new vernacular to bring into the compliance arena — companies need to address risks of interacting with cartels and transnational criminal organizations (TCOs). Companies need to understand the laws used to designate cartels and other organizations as Foreign Terrorist Organizations (FTOs) and Specially Designated Global Terrorists (SDGTs). Under current criminal and sanctions laws, FTOs and SDGTs create criminal and civil risks for...

Podcasts

23 Feb, 2025

Episode 357 — Updating Your Risk Profile Under the New Trump Administration

Are You Ready for the Next Wave of Corporate Risk? Corporate risks are shifting, and every board, C-suite, and compliance team must take a fresh look at their risk landscape. While some risks like cybersecurity, data privacy, and artificial intelligence remain high priorities, others—such as anti-corruption and antitrust enforcement—are evolving in unexpected ways. With regulatory changes and new enforcement priorities emerging, businesses must stay ahead...

Uncategorized

19 Feb, 2025

Import Enforcement and Compliance Risks

The scope of new import tariffs and regulations portends significant operational risks and disruptions. It is easy to imagine numerous companies that depend on imports for production purposes are facing a new set of challenges. This is when companies are at risk of significant disruptions. However, let us hope that many companies are prepared — the disruption caused from the 2020 Pandemic challenged companies to...

Uncategorized

17 Feb, 2025

Updating Your Risk Profile to Respond to the New Trump Administration

We live in a topsy-turvy world. This is an exaggeration but sets up my points in this blog post. We are now seeing the shuffling of corporate risks and every board, C-Suite and legal, compliance and risk management team has to take a hard look at your company’s risks and reassess and re-rank them. Initial Review Some basic business and technology risks will stay the...

Podcasts

16 Feb, 2025

Episode 356 — Trump Administration Hits Pause on FCPA Enforcement

What happens when an entire era of anti-corruption enforcement is put on pause? Is this a strategic move to bolster American businesses or a dangerous rollback of corporate accountability? In an unprecedented move, the Trump administration has hit the brakes on FCPA enforcement for at least 180 days, citing concerns over U.S. economic competitiveness and national security. In this episode of Corruption, Crime, and Compliance, Michael...