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Thank you to the brave men and women who have made the ultimate sacrifice. We honor their service, their courage, and their memories. Let us use this holiday to remind us all of our heroes and to honer them for their service.
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When you look at the core of several major financial scandals, it is easy to point to problems with sales incentives and corporate culture. A company can rapidly grow due to the extraordinary performance of a company’s sales culture. In many cases, this sales culture creates real and significant
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The Justice Department’s criminal prosecution of the chicken producing industry took another significant turn. Step-by-step, the Antitrust Division is building a large and comprehensive criminal prosecution of a significant cartel. Claxton Poultry Farms refused to plead guilty and cooperate in the Antitrust Division’s sprawling criminal prosecution.
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The Ethics & Compliance Initiative (ECI) is fielding a confidential survey about the applicability of compliance guidance documents issued by the US Department of Justice. A summary of the results will be shared publicly, and with the DOJ. If you are a Chief Compliance Officer, Chief Ethics & Compliance Officer
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The U.S. Attorney’s Office for the Southern District of California recently announced a settlement of a False Claims Act case against Tungsten Heavy Powder of San Diego (THP), which was filed and prosecuted by the Volkov Law Group on behalf of two relators, Global Tungsten & Powders Corporation
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Corporate boards face exponentially escalating risks – at the heart of this development is the rapid escalation of board member accountability. Board members are no longer operating in a sinecure, free from legal risks. The walls are changing. A perfect example of the changing landscape of risk is the importance of
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Lawyers can “Break Bad” and veer from ethical and professional standards. Somehow this is not so hard to envision. Legal misconduct occurs more than most expect. And the system reacts in variety of ways – professional responsibility enforcement actions and judges stand as the two most important watchdogs over legal professional
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Under Armour settled its long-pending SEC investigation by agreeing to pay $9 million surrounding misleading statements and practices relating to its revenue growth and uncertainties as to future growth. As part of the settlement, the SEC declined to bring charges against its CEO, Kevin Plank, and its CFO, David
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In the run-up to the deadline for filing federal taxes, the Justice Department has a well-established practice of bringing tax-related enforcement cases against crooked tax preparers, fraudsters and corporate entities as an important reminder on the importance of tax compliance. For years, the Justice Department struggled to
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MoneyGram settled with OFAC for $34,329 for 359 sanctions programs violations. MoneyGram is a global payments service. According to OFAC, the 359 transactions totaled $105,627 in value and were processed on behalf of approximately 40 individuals on OFAC’s Specially Designated Nationals list (SDN List). MoneyGram has been
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Alexander Dill, an expert in financial markets and regulation, joins us today for an interesting posting on the recent AML Act of 2020. Alex can be reached at alex@financialmarketreg.com. It would be the height of folly to claim that a single theme dominates the AML Act of 2020
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Alex Cotoia, Regulatory Compliance Manager, at The Volkov Law Group, rejoins us for a posting on ESG due diligence requirements. Alex can be reached at acotoia@volkovlaw.com. On March 10, 2021—by an overwhelming majority—the European Parliament passed a resolution that directs the European Commission to move forward