Featured Articles:

Episode 100 — Interview of Tom Fox, the Compliance Evangelist

In celebration of the 100th episode of Corruption Crime and Compliance, Tom Fox, the Compliance Evangelist and Leader, is our guest.  Tom and Mike discuss Tom Fox’s current Compliance Podcast Network, his entertaining Star Trek summer compliance podcast series, his perspective on the recent government compliance guidance, his insights into the compliance profession, technology developments and the future of compliance.  As always, Tom’s perspective on...

Five Important Mandates from OFAC Compliance Framework

Based on its aggressive enforcement program and its recently issued Framework for Sanctions Compliance Programs, OFAC has established a new era in sanctions compliance.  Trade compliance is often siloed into its own operation, sometimes in, and other times outside of, the compliance function.  Over the next five years, we will witness a sea-change in sanctions compliance programs (or at least we better witness such a...

Ethical Culture Begins with Senior Management

I tend to repeat myself and when it comes to corporate cultured and ethics, I admit it.  A company without an ethical culture, or at least a commitment to an ethical culture, will be unable to achieve an effective ethics and compliance program. NAVEX Global’s recent benchmarking report was an important confirmation that successful compliance programs often have two strong characteristics – senior level buy...

DOJ’s Antitrust Division Issues New Guidance for Evaluation of Corporate Compliance Programs (Part II of II)

As part of its new corporate compliance credit program, the Justice Department’ Antitrust Division issued, for the first time in its history, guidance to assist prosecutors in the evaluation of compliance programs at the charging and sentencing stages of investigations.  (Here).  The Antitrust Division’s new guidance joins DOJ’s Criminal Division Guidance (Here) and the Treasury Department’s Office of Foreign Asset Control’s (OFAC) Framework for Sanctions...

NAVEX Global and Volkov Law Issue Vendor Risk Management Toolkit

NAVEX Global and the Volkov Law Group have issued a new Vendor Risk Management Toolkit: Best Practices for Vendor Risk Profiling — the new toolkit is available HERE. Managing third parties can be tricky, and mistakes costly. But with hundreds – perhaps even thousands – of vendors, where do you begin? Our three-part toolkit provides expert advice on profiling your third party vendors using factors...

DOJ’s Antitrust Division Announces New Policy for Crediting Corporate Compliance Programs (Part I of II)

In yet another major compliance development, the Justice Department announced the adoption of a new policy to credit effective compliance programs in resolving criminal cartel prosecutions against corporations.  Since the 1990s, the Antitrust Division’s policy regarding corporate compliance programs was generally fixed given the ability of companies to seek benefits under the leniency program.  In this respect, the first reporting company would earn immunity and...

Webinar: Antitrust Division Announces New Policy to Credit Compliance Programs

Webinar: Antitrust Division Announces New Policy to Credit Compliance Programs July 30, 2019, 12 Noon EST Sign Up HERE In yet another major compliance development, the Justice Department announced the adoption of a new policy to credit effective compliance programs in resolving criminal cartel prosecutions against corporations. Since the 1990s, the Antitrust Division’s policy regarding corporate compliance programs was generally fixed given the ability of...

Episode 99 — When to Conduct Enhanced Anti-Corruption Due Diligence

Companies face significant challenges in managing their third party risk programs.  As companies improve their systems and automate their programs, they continue to face difficult situations in deciding when to conduct enhanced due diligence reviews of a potential third-party.  DOJ and the SEC have provided extensive guidance in the third-party risk area, but companies have to develop and implement their own approach to deciding when...

The Critical Dataset: HR, Hotlines and Incident Management

It is easy to get swept up into compliance trends, prognosticators of the future, and future compliance terms such as “artificial intelligence,” or “blockchain.”  Do not get me wrong, these are the terms for the future and eventually they will be part of common compliance conversations. But sometimes we need to get back to basics.  In some cases, Chief Compliance Officers need to remind themselves...

Catching Up with OFAC Sanctions Enforcement Actions

OFAC is clearly sending a message about sanctions enforcement and compliance responsibilities.  OFAC is aggressively seeking out new targets for enforcement.  OFAC continues to focus on Iran, Cuba, Venezuela and North Korea, aligning itself with current foreign policy objectives. Here is a brief outline of three recent enforcement actions: Western Union (HERE) — On June 7, 2019, OFAC released a settlement with Western Union under...