Corruption, Crime & Compliance!! My mentor and friend, Judge Stanley Sporkin, the ‘father of the FCPA,’ wrote the foreword. “Michael Volkov’s book is a compilation of articles on a number of subjects important to advising clients how to stay out of trouble. He is a prolific writer and I can say without question, we have not heard the last of his musings.” Dick Cassin, the...
The Justice Department, the Securities and Exchange Commission and the FCPA bar spend extraordinary amounts of time discussing and explaining FCPA enforcement and compliance issues. But one of the most important issues never sees the light of day. That is the decision whether or not to disclose a potential FCPA violation to the DOJ and the SEC. That decision has significant implications for a company...
Justin Connor anad I recently published an article for Association of Corporate Counsel: Ten Action Steps When the Government Shows Up At Your Door http://www.acc.com/legalresources/publications/topten/ttaswtgaayd.cfm Your company’s worst nightmare is becoming more and more common – federal law enforcement officers show up at your business premises with a search warrant in hand. FBI agents enjoy showing up at the crack of dawn consistent with the...
While on Vacation, I am re-posting some earlier postings which you may find interesting. Almost all FCPA enforcement actions involve the failure of a company to adequately screen or prevent a third-party agent from bribing a foreign official. The company’s relationship with the third-party agent is where the rubber hits the road: economic pressure to use the agent is strong when the agent can...
There is an art to conducting internal investigations. Anyone who tells you otherwise is probably wedded to a formulaic approach to internal investigations. Cookie cutters will not always get the job done. When a company turns to an internal investigation, the board and senior management have to be careful – there are so many risks. The internal investigation has to focus on an end result...
I recently participated in an interesting panel discussion on the role of the US Sentencing Commission. The event was sponspored by the American Constitution Society and the ACLU here in Washington, D.C. Moderator, Jesselyn McCurdy, Senior Legislative Counsel, ACLU Honorable Patti B. Saris, U.S. District Court for the District of Massachusetts; Chair, U.S. Sentencing Commission Amy Baron-Evans, Sentencing Resource Counsel, Federal Public and Community Defenders Douglas...
I am sorry but I am on vacation for a short period of time. I will resume posting soon. I apologize for any inconvenience.
For those companies dedicated to compliance, the first and most critical step is a commitment to empower its compliance office. A company must assign adequate personnel and allocate adequate resources to fulfill its mission. An effective compliance officer must be regarded as equal to, or even senior to, the company’s Chief Financial Officer or General Counsel. Gone are the days when compliance offices are a...
Join us for an Ethisphere Webinar: Anti-Corruption Compliance for Private Equity & Hedge Funds: February 7, 2012, 1 PM to 2 PM The Justice Department (DOJ) and the Securities and Exchange Commission (SEC) are committed to aggressive enforcement of the Foreign Corrupt Practices Act and anti-corruption laws. In 2010, they launched an enforcement initiative against private equity and hedge funds. The implications of...
Forgive me for asking this question but why do consultants and accountants separate the concepts of fraud and bribery. To me, bribery is a form of fraud. Where there is fraud there is likely to be bribery – company actors are bribing others or company actors are taking kickbacks for contracts with the company. Both of these schemes involve fraud. One of them is prohibited...
