General
NAVEX Global has announced its upcoming virtual ethics and compliance conference. ( Formerly the Ethics & Compliance Virtual Conference (ECVC)). NAVEX's upcoming conference theme is: Beyond the Moment. Sign Up HERE. NAVEX Global's annual virtual conference is a terrific opportunity to catch up with the latest ethics
General
Boeing’s culture and safety performance continues to undermine its ability to move forward and regain trust from regulators, the aviation industry and the flying public. Boeing has to undergo transformative change. All indications of reform are sparse and Boeing appears to be moving slowly but not so effectively to
General
Boeing is the new poster child for corporate governance failures and misconduct. Move over Wells Fargo, General Motors, Volkswagen, Novartis, Siemens and Wal-Mart, and make room for Boeing. Like General Motors and its ignition switch scandal, innocent consumers were killed as a direct result of corporate governance failures and
General
OFAC is a steady enforcement agency. As the COVID-19 pandemic settled down, OFAC resumed aggressive enforcement of economic sanctions. In its latest action, OFAC announced a settlement with Keysight Technologies (“Keysight”), a Santa Rosa, California, for conduct stemming from its former subsidiary, Anite Finland (“Anite”) for re-exports of
General
The Justice Department announced a guilty plea to FCPA charges by Sargeant Marine, Inc., a privately-owned company, based in Boca Raton, Florida. Sargeant Marine, an asphalt company, plead guilty to one count of conspiracy to violate the anti-bribery provisions of the FCPA and agreed to pay a fine
Events
Webinar: 2020 FCPA Enforcement and Compliance Review October 13, 2020, 12 Noon EST Sign Up HERE Despite the pandemic and disruptions to the global economy, the Justice Department and the Securities and Exchange Commission have resumed their aggressive enforcement of the FCPA. DOJ has continued its pace of corporate prosecutions
General
A federal grand jury in the Eastern District of New York returned an indictment against Javier Aguilar, an oil trader at Vitol, an energy and commodity trading company, for his role in a five-year international bribery and money laundering scheme carried out in Ecuador. Between approximately 2015 and July
Podcasts
Global companies have to conduct periodic audits of its high-risk third party partners. With the continuing pandemic, such audits have to be conducted remotely. As a result, companies face significant challenges in conducting these audits in these difficult times. In this Episode, Michael Volkov interviews Jessica Sanderson, Partner at
General
Watching the compliance industry and advocating for the compliance profession can be frustrating. Corporate boards and senior management know the importance of committing to a culture of compliance. To accomplish that task requires focus, determination and commitment. Words are words but actions are tangible. In the end, corporate boards and
General
While many legal and compliance professionals work from remote locations, Volkov Law TV offers a vast library of recorded webinars that address hot legal and compliance issues. Volkov Law TV offers a library of 119 recorded webinars for a nominal fee -- $8 per webinar for monthly access, or $29 for
General
John Fons, former head of Modine Manufacturing in Wisconsin, joins Tom Fox for a fascinating podcast discussion on compliance issues. John Fons is a former client, a long-time friend and professional colleague. He offers a valuable perspective on compliance issues, board relationships, and effective compliance oversight and strategies. The
General
Comtech Telecommunications (“Comtech”) and Comtech EF Data Corp. (“EF Data”) agreed to pay OFAC $894,111 for violations of the Sudan Sanctions Program. Comtech and its subsidiary EF Data sell advanced communications systems, software, and services. The violations arose when these companies indirectly exported warrantied satellite equipment and facilitated services