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Matt Stankiewicz, Partner, and Daniela Melendez, Associate, provide key updates on the Venezuela Sanctions Program. Matt can be reached at mstankiewicz@volkovlaw.com and Daniela can be reached at dmelendez@volkovlaw.com. Easy come, easy go. On January 29, 2024, OFAC published General License 43A under the Venezuela Sanctions Regulations,
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By: Alex Cotoia, Regulatory Compliance Manager at the Volkov Law Group (acotoia@volkovlaw.com) and Daniela Melendez, Associate at the Volkov Law Group (dmelendez@volkovlaw.com) Wabtec Corporation (“Wabtec”)—a global manufacturer and supplier of rail technology headquartered in Pittsburgh, Pennsylvania—recently settled an administrative enforcement proceeding with the U.
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The technology revolution and the rise of information and data permeates every aspect of our economy and daily lives. It is not surprising then that the Department of Justice and other law enforcement agencies are embracing data analytics as a new enforcement tool. DOJ is fast embracing data as a
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When it comes to data privacy and regulation of personal information, United States companies face a number of major challenges. Compliance is not easy when you have fast-moving targets. The single biggest cause of this complex environment is the failure of the United States Congress to enact a federal
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Each quarter, we send many of our clients a quarterly trade compliance update, highlighting important developments over the last few months and summarizing key points for important sanctions programs. Click here to download the quarterly update for January. Below is a summary of events this past quarter: Venezuela - * OFAC has
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Matt Stankiewicz, Partner at The Volkov Law Group, joins us for another post discussing how the SEC's recent settlement with BarnBridge DAO may impact the cryptocurrency industry. Matt can be contacted at MStankiewicz@volkovlaw.com. On December 23, 2023, BarnBridge DAO (“BarnBridge”) and its founders, Tayler Ward and
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The New York Department of Financial Services (“NYDFS”) has brought action in Federal court against Citibank, N.A., alleging that the bank systemically failed to protect accountholders from rampant online scam activity, leading to individual losses amounting to tens, or hundreds of thousands. In taking this step, NYDFS seeks formal
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A Top 5 list should be viewed with suspicion -- it is often just a headline grabbing posting with the clear purpose to gain readers' attention. In defense, however, it is interesting to compare articles on risk rankings. To start with the obvious, corporate boards face growing risks -- the economy,
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By: Alexander Cotoia (Regulatory Compliance Manager) and Daniela Melendez (Associate) of The Volkov Law Group On January 16, 2024, the U.S Department of Commerce’s Bureau of Industry and Security (“BIS”) released a series of enhancements to its existing voluntary self disclosure (“VSD”) program, pursuant to which organizations culpable
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Alexander Cotoia is currently Regulatory Compliance Manager at The Volkov Law Group, where he routinely advises the firm and its clients on domestic and international developments implicating the regulation of global supply chains. He may be reached at acotoia@volkovlaw.com. On December 31, 2021, President Joseph R. Biden, Jr.
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I always enjoy retrospective "year in review" postings to start off the new year. For years, I have sought to identify and capture important compliance trends, typically focused on specific professionals in the compliance arena. This year, however, is a little different. Compliance is at an important inflection
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As always, I tend to repeat myself. However, one important point needs to be repeated -- DOJ is in the midst of launching an aggressive sanctions and export control program against corporations and individuals. DOJ has warned everyone, repeated this message in various speeches and, most importantly, assigned the resources -- 25