Corruption, Crime & Compliance

Featured Articles:

23 Nov, 2021

A Tale of Two Boeing Boards — The Disparate Conclusions of the Justice Department and the Delaware Chancery Court (Part I of IV)

“Reality is merely an illusion, albeit a very persistent one.”― Albert Einstein “Reality leaves a lot to the imagination.”― John Lennon We often hear about how perspective can influence conclusions. It is rare, however, when it comes to investigations, legal proceedings, and litigation for two separate but important fact finders to reach polar opposite conclusions. When I reviewed again the US Department of Justice’s conclusions reached as...

General

23 Nov, 2021

Dubai Bank Pays $100 Million to Resolve Sanctions Violations with DFS, OFAC and Federal Reserve

Mashreqbank, based in Dubai, agreed to pay $100 million to the New York Department of Financial Services, the Federal Reserve, and the Office of Foreign Asset Control for violation of the now-repealed Sudan Sanctions Regulations. The Sudan Sanctions Regulations were repealed on June 29, 2018. OFAC issued only a Finding of Violation, rather than impose a civil penalty, in light of Mashreqbank’s willingness to agree...

Podcasts

21 Nov, 2021

Episode 215 — Tom Fox and Michael Volkov Discuss the Board Governance Implications of the Boeing 737 MAX Safety Scandal

The Boeing 737 MAX scandal is a troublesome and disturbing case where corporate board oversight and responsibility was lacking. The implications of the board’s failure resulted in the killing of innocent passengers and the grounding of Boeing’s 737 MAX. Add to that a $2.5 billion settlement, a criminal case against a Chief Technical Pilot, and continuing safety and technical problems, and you have recipe for continuing disaster...

General

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...

Featured Articles:

A Tale of Two Boeing Boards — The Disparate Conclusions of the Justice Department and the Delaware Chancery Court (Part I of IV)

Dubai Bank Pays $100 Million to Resolve Sanctions Violations with DFS, OFAC and Federal Reserve

Episode 215 — Tom Fox and Michael Volkov Discuss the Board Governance Implications of the Boeing 737 MAX Safety Scandal

DOJ Battles Ransomware Attacks

Supply Chain Disruption and Onboarding Due Diligence

Webinar: How to Conduct a Compliance Program Assessment

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

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

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

Watch The Latest Webinars on Volkov Law TV

Listen to the Corruption, Crime & Compliance Podcast

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