Alex Cotoia on Compliance with the Uyghur Forced Labor Prevention Act
Corruption Crime & Compliance
by
2d ago
On December 31, 2021, President Joseph R. Biden, Jr. signed the the Uyghur Forced Labor Prevention Act (“UFLPA”) into law to address the ongoing exploitation of the ethnic minority Uyghur population by the government of the People’s Republic of China (“PRC”). Among other things, the UFLPA creates a rebuttable presumption that all goods, wares, articles, and merchandise mined, produced, or manufactured wholly or in part in Xinjiang, or by entities designated for inclusion on the UFLPA Entity List, are prohibited from entry into the United States. To overcome the presumption, entities are requir ..read more
Visit website
Trade Compliance Trends and Expectations with Gabrielle Griffith
Corruption Crime & Compliance
by
1w ago
Gabrielle Griffith, Director BPE Global, is an expert in trade compliance issues. Gabrielle assists clients in implementing effective trade compliance programs by addressing improvements within organizations’ people, processes, and systems. In the area of U.S. export controls, she advises clients on compliance with the International Traffic in Arms Regulations, the U.S. Export Administration Regulations, and the various embargo and sanctions programs administered by the Office of Foreign Asset Controls. On import compliance matters, she advises on classification, country of origin, special dut ..read more
Visit website
FCPA 2023 Year in Review
Corruption Crime & Compliance
by
3w ago
For the Justice Department and the SEC, 2023 was a slow year in FCPA enforcement. Despite promises of aggressive enforcement, DOJ and the SEC failed to achieve increases in FCPA enforcement. DOJ and the SEC issued no blockbuster enforcement actions or settlements. The SEC's number of enforcement actions was steady and eclipsed its 2022 number by one. Equally significant was DOJ's reduction in individual criminal prosecutions, thereby raising legitimate questions as to its ability to deliver on its promise of aggressive enforcement against individual FCPA violators. Despite a slower enforcement ..read more
Visit website
Deep Dive into DOJ and SEC's SAP FCPA Enforcement Action
Corruption Crime & Compliance
by
1M ago
Bribery is rampant in many countries around the world, and in this episode of Corruption, Crime, and Compliance, we take a look at a recent FCPA case involving SAP, a global software company. SAP’s violations spanned multiple countries, including South Africa and Indonesia, and resulted in prosecution and a hefty $220 million dollar penalty. However, many people were baffled with the resolution of this case. The DOJ lacked aggressiveness and failed to impose an independent compliance monitor. Join the host, Michael Volkov, as he analyzes the intricacies of this case and the implications for FC ..read more
Visit website
Natalie Druckman from Certa on AI-Enhanced Third-Party Risk Management
Corruption Crime & Compliance
by
1M ago
How do you manage risk when the vulnerabilities are outside your organization’t in your hands? In this episode of Corruption, Crime, and Compliance, we delve into the world of third-party risk management with our guest, Natalie Druckmann, from Certa. As we discuss the regulatory landscape in EMEA and the US, Natalie highlights the higher regulatory burden faced by companies in EMEA, and how Certa uses AI to streamline workflows, provide intuitive data visualization, and enhance risk forecasting capabilities. AI is the future of third-party risk management, now and in the future.  Cybersec ..read more
Visit website
Deep Dive into HHS-OIG Compliance Program Guidance
Corruption Crime & Compliance
by
1M ago
In this week's episode of Corruption, Crime, and Compliance, we usher in the New Year with a deep dive into something that happened in November of last year. As we begin 2024, it's crucial to reflect on the substantial shifts in the healthcare industry's compliance framework. The HHS Office of Inspector General's Comprehensive Compliance Guidance, released late last year, has set a new standard for healthcare companies, reinforcing the importance of an independent compliance function and outlining a robust framework for effective compliance programs. Michael Volkov meticulously dissects the se ..read more
Visit website
Matt Stankiewicz on the Groundbreaking Binance Criminal Settlement for $4.3 Billion
Corruption Crime & Compliance
by
2M ago
What is the cost of ignoring compliance? For the world’s largest cryptocurrency exchange, it’s $4.3 billion dollars. In this episode of Corruption, Crime and Compliance, Michael Volkov and his guest, Matt Stankiewicz, delve into one of the most significant financial crime prosecutions in the history of the Justice Department: Binance Holdings. Under the direction of its CEO, Changpeng Zhao, Binance blatantly disregarded compliance, had no AML programs, and willfully put growth over regulations. Now, they must pay out a settlement split among various agencies, including the DOJ, OFAC, FinCEN, a ..read more
Visit website
DOJ Settles FCPA Cases with Two UK-Based Reinsurance Companies
Corruption Crime & Compliance
by
2M ago
In the 300th episode of Crime, Corruption and Compliance, Michael Volkov examines the recent FCPA settlements with two major UK reinsurance brokers - Tysers and H.W. Wood - for their involvement in a bribery scheme in Ecuador. The DOJ took an unorthodox approach by going after individual people before the companies. This helped them get cooperation and gather evidence, resulting in over $36 million in fines and forfeited money. However, it also highlights common issues in FCPA cases, such as a lack of supervision and effective controls that let corruption happen. You’ll hear Michael discuss ..read more
Visit website
Bobby Butler on the Compliance Profession and the Future of Compliance
Corruption Crime & Compliance
by
3M ago
Bobby Butler joins Michael Volkov on this episode of Corruption, Crime and Compliance, to explore the evolution of compliance over 20 years. While enforcement actions sparked major progress, Bobby contends compliance is moving firmly into the realm of competitive advantage and performance multiplier. Millennials and younger generations ‘vote with their feet’, demanding ethical cultures, so compliance may increasingly drive talent retention as well.   Bobby Butler has over 20 years of experience building world-class ethics and compliance programs. In his early career, he investigated ..read more
Visit website
Electronics Communications Risks in the Era of Ephemeral Messaging
Corruption Crime & Compliance
by
3M ago
Ephemeral messaging applications like Snapchat, WhatsApp, and Telegram have presented a complex challenge for compliance professionals and legal counsel. On one hand, these technologies can reduce data storage and preservation costs, minimize breach exposure, and allow prioritization of communications data. On the other hand, they can create blind spots by deleting communications records and seriously obstruct internal investigations. How can companies balance the benefits of ephemeral messaging against the risks of compliance program undermining? In this week's episode of Corruption, Crime an ..read more
Visit website

Follow Corruption Crime & Compliance on FeedSpot

Continue with Google
Continue with Apple
OR