Corruption, Crime & Compliance

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19 Nov, 2020

DOJ’s Monopolization Claims Against Google (Part II of III)

The Justice Department’s landmark monopolization case against Google is interesting. The case represents yet another attempt to apply well-established antitrust principles in a rapidly-changing, dynamic technology market. The government has a good record in monopolization cases in the high-tech sector. Its case against Microsoft was hard fought and established several important principles to high-tech monopolists. Google’s Monopoly Google controls approximately 90 percent of the United...

General

18 Nov, 2020

Justice Department Files Antitrust Case Against Google Claiming Monopolization of the Search and Search Advertising Markets (Part I of III)

The Department of Justice and eleven state Attorneys General filed an antitrust case against Google in the United States Court for the District of Columbia. DOJ’s filing was hurried at the behest of the Attorney General Bill Barr, and reflects DOJ’s growing focus on high-tech businesses and monopolization conduct. DOJ’s case joins a long list of high-profile monopolization cases, including Microsoft, AT&T and IBM. DOJ’s...

General

17 Nov, 2020

FinCEN Issues Human Trafficking Advisory (Part II of II)

Elizabeth Slim, Senior Consultant at The Volkov Law Group, joins us for part II of her postings on the problem of human trafficking and recent guidance issued by FinCEN. Elizabeth can be reached at [email protected]. Human traffickers, like all criminals, rely on the international financial system to facilitate their crimes and to disguise proceeds from their illegal activities. Traffickers open bank accounts to deposit and...

General

16 Nov, 2020

The Scourge of Human Trafficking and Financial Red Flags (Part I of II)

Elizabeth Slim, Senior Consultant at The Volkov Law Group, joins us for a two-part posting on the problem of human trafficking and recent guidance issued by FinCEN. Elizabeth can be reached at [email protected]. Human trafficking has become one of the most profitable forms of international crime. At an estimated $150 billion worldwide per year, it ranks third to drug trafficking and counterfeit goods. There are...

Podcasts

15 Nov, 2020

Episode 169 — DOJ Files Antitrust Case Against Google

General

12 Nov, 2020

The Herbalife FCPA Settlement: Board Oversight and Internal Audit Failures

In the enforcement and compliance arena, there are instances of misconduct that underscore important governance principles. But this just sounds like a bunch of mumbo jumbo (the technical term, I know). In the face of inexplicable behavior and failures to act, I often come back to the simple, but powerful phrase, “You Should Have Known Better.” The use of this phrase carries with it a...

General

11 Nov, 2020

Veterans Day: Service and Sacrifice

At the Volkov Law Group, we want to take a moment to express out gratitude for the service and sacrifice made by our military and their families. On this day of remembrance, it is important to reflect on the importance of military service by all of our service members and their families and recognize them all for their incredible contributions and sacrifice for our country.

General

11 Nov, 2020

Goldman Sachs and the Economic Impact of Corruption

The breadth of Goldman Sachs’ corruption in the recent DOJ and SEC FCPA enforcement action underscored the important global goal of reducing corruption. It goes without saying – corruption has a pernicious impact on economic development of fragile economies to the detriment of thousands, if not millions, of innocent civilians. The measurement of such harms is often cited to describe the scope of suffering for...

General

10 Nov, 2020

Beam Suntory Bribery Scheme: Another Controls Failure (Part II of II)

The Beam Suntory case is yet another example of a failure of internal and external auditors, and legal and compliance professionals. Reviewing cases involves a focus on how and why a compliance failure occurred. In many cases, legal, compliance and internal auditors are being shunned, ignored, or subjected to pressure to keep their mouths shut or agree to go forward with otherwise problematic transactions or...

Events

9 Nov, 2020

Webinar: The Nuts and Bolts of OFAC Sanctions Compliance

Webinar: The Nuts and Bolts of OFAC Sanctions Compliance November 19, 2020 at 12 Noon EST Sign up HERE. The U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) maintains a variety of sanctions programs, which can all vary in their scope and requirements. However, while OFAC sanctions can be complicated, ensuring compliance doesn’t have to be. Regardless of the program, understanding the fundamental...