Corruption, Crime & Compliance

Featured Articles:

18 Nov, 2021

DOJ Battles Ransomware Attacks

The Justice Department continues to attack and dismantle global ransomware extortion organizations. Business surveys often confirm that executives are hyper-focused on the risk of ransomware attacks against businesses. Interestingly, government regulators have focused on ransomware scenarios to ensure that regulatory restrictions on sanctions and other restrictions are not violated. The message behind DOJ and regulatory interests is clear – if attacked, notify law enforcement right...

General

17 Nov, 2021

Supply Chain Disruption and Onboarding Due Diligence

If I ever told you years ago that the 2021 headlines would be dominated by the “supply chain” crisis, you would have immediately questioned my judgment (and perhaps sanity). The current crisis reflects the roller coaster economic impact of the pandemic. If there ever was a global disruption of severe magnitude, we have been through it. We have all had experience in managing disruptions and...

Events

16 Nov, 2021

Webinar: How to Conduct a Compliance Program Assessment

Webinar: How to Conduct a Compliance Program Assessment December 1, 2021, 12 noon EST Sign Up HERE Global companies face ever-increasing expectations as to the effectiveness of their respective ethics and compliance program. Government prosecutors and regulators are less tolerant to weaknesses in ethics and compliance programs. In addition, stakeholders and investors are demanding improved corporate governance performance as an essential part of a company’s ESG program....

General

16 Nov, 2021

Important Planning and Design Steps in Targeted Employee Survey Program (Part II of II)

A targeted employee survey program requires careful planning and communications prior to launching the survey program. Employee engagement in response to a specific survey requires transparent and robust explanations and assurances. In the absence of appropriate communications and assurances, employee response rates may decline. Employees have to understand why the survey is being conducted, whether anonymity will be protected, and how the results will be...

General

15 Nov, 2021

Monitoring and Measuring A Company’s Ethical Culture: Relevant Survey Strategies (Part I of II)

Chief compliance officers play a key role in managing a company’s ethical culture. Most companies fail to pay proper attention to its culture because it is difficult to define, measure and monitor. Such an approach is short-sighted. CCOs have to embrace this issue and develop appropriate techniques to measure a company’s culture. All too often I observe companies that rely on annual or semi-annual company-wide...

Podcasts

13 Nov, 2021

Episode 214 — Review of the Credit Suisse Global Fraud and Bribery Enforcement Action

Credit Suisse Group AG (“Credit Suisse”), a global financial institution, and its London-based European subsidiary, Credit Suisse Securities (Europe) Limited (“CSSEL”) resolved a wide-ranging bribery and fraud scheme involving investments and financing arrangements for an $850 million loan for a tuna fishing project in Mozambique. To resolve the violations, Credit Suisse agreed to pay a total of $547 million in penalties, fines and disgorgement as...

black and red caliper on gold colored bitcoin

General

12 Nov, 2021

What to Know About the DOJ’s National Cryptocurrency Enforcement Team

Matt Stankiewicz, Partner at The Volkov Law Group, rejoins us to discuss the DOJ’s cryptocurrency enforcement efforts. He can be reached at mstankiewicz@volkovlaw.com. In early October, U.S. Department of Justice (“DOJ”) Deputy Attorney General Lisa Monaco announced the creation of the National Cryptocurrency Enforcement Team (“NCET”). The NCET will handle the Department’s investigations and enforcement actions relating to cryptocurrency and virtual assets, which has seen...

General

11 Nov, 2021

US Defense Contractor CEO Charged with Bribery

Bribery occurs in the United States — what a surprise! Transparency International’s Corruption Perception Index ranks the United States as 25 out of 179, a relatively low ranking for corruption. Some have argued (including me) that the US ranking may be inaccurate given current regulations surrounding campaign finance and other means by which influence peddling and corruption can occur with low detection risks. That is...

General

10 Nov, 2021

Rockwell Automation Executives Arrested for Fraudulent Scheme

Little problems can become big ones. A failure to respond to a risk – whether it is a conflict of interest violation or a weakness in internal controls – can become even more significant depending on the size and scope of the problem. A recent criminal prosecution of two Rockwell Automation executives underscored the nature of this phenomena. Last month, federal prosecutors arrested and charged...

General

9 Nov, 2021

Deputy AG Lisa Monaco Suggests Major Changes to the DOJ’s Corporate Enforcement Efforts

Alex Cotoia, Regulatory Manager at The Volkov Law Group, rejoins us for a post providing additional color into U.S. Deputy Attorney General Lisa Monaco’s recent announcement on changes to DOJ policies. Alex can be reached at acotoia@volkovlaw.com. On October 28, 2021, U.S. Deputy Attorney General Lisa O. Monaco—a veteran of government service in previous Administrations and a champion of corporate accountability—announced several significant changes to...