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Corruption, Crime & Compliance - Bribery, FCPA, AML Home About The Blog Volkov Law TV Events Podcast Books Archives Pay Online The Volkov Law Group LLC Volkov Law Group Blog Featured Articles: General 13 May, 2024 Dancing on the Head of a Pin: Corporate Boards, Committees and Cybersecurity Risk Management No one was surprised when compliance and risk publications cited cybersecurity as the number one risk that corporations face today. While this is a relatively simplistic and head-line grabbing statement, the truth remains that corporate boards should have cybersecurity in their Top-3 List of corporate risks facing the organization. Like everything in life, it is one thing to identify the risk — it is quite... Podcasts 12 May, 2024 Episode 320 — NAVEX 2024 Whistleblower Report NAVEX continues to produce high-quality compliance reports, many of which are a must-read in the compliance industry. Its annual Whistleblower Report is of particular note — NAVEX is the leading provider of hotline services in the world and its data is invaluable as a source of trends in this industry. This year –2024 — is no exception. NAVEX combed through the data from 3784 organizations... General 10 May, 2024 Checking In on Caremark Cases in Delaware Over the last ten years, we have seen a marked shift from the Delaware Chancery Court chipping away at corporate board member liability claims. In a number of seminal cases involving Boeing airplane crashes (In re the Boeing Co. Derivative Litig., No. 2019-0907 (Del. Ch. Sept 7, 2021)), and deadly listeria outbreaks from tainted ice cream (Marchand v. Barnhill, 212 A.3d 805 (Del. 2019)), Delaware Courts... General 9 May, 2024 The Power and Reward of Cooperation: Binance Founder CZ Sentenced to 4 Months Imprisonment Defendants often face a tough choice — challenge the government’s evidence and if convicted, face significant jail time. On the flip side, defendants who plead guilty and cooperate can earn significant sentencing reductions, even avoiding any jail time. The contrast between cooperating and non-cooperating defendants can be very stark. Samuel Bankman-Fried or SBF” was convicted after a lengthy trial. He was convicted of a massive... General 8 May, 2024 BIS Releases Updated Guidance for Freight Forwarders On March 28, 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS”) released updated guidance to freight forwarders specifically outlining their responsibilities under the aegis of the Export Administration Regulations (EAR”). Issued in the wake of BIS’s Update Conference on Export Controls and Policy, the new guidance underscores the critical role freight forwarders play in preventing the flow of illegal exports to... General 13 May, 2024 Dancing on the Head of a Pin: Corporate Boards, Committees and Cybersecurity Risk Management No one was surprised when compliance and risk publications cited cybersecurity as the number one risk that corporations face today. While this is a relatively simplistic and head-line grabbing statement, the truth remains that corporate boards should have cybersecurity in their Top-3 List of corporate risks facing the organization. Like everything in life, it is one thing to identify the risk — it is quite... Podcasts 12 May, 2024 Episode 320 — NAVEX 2024 Whistleblower Report NAVEX continues to produce high-quality compliance reports, many of which are a must-read in the compliance industry. Its annual Whistleblower Report is of particular note — NAVEX is the leading provider of hotline services in the world and its data is invaluable as a source of trends in this industry. This year –2024 — is no exception. NAVEX combed through the data from 3784 organizations... General 10 May, 2024 Checking In on Caremark Cases in Delaware Over the last ten years, we have seen a marked shift from the Delaware Chancery Court chipping away at corporate board member liability claims. In a number of seminal cases involving Boeing airplane crashes (In re the Boeing Co. Derivative Litig., No. 2019-0907 (Del. Ch. Sept 7, 2021)), and deadly listeria outbreaks from tainted ice cream (Marchand v. Barnhill, 212 A.3d 805 (Del. 2019)), Delaware Courts... General 9 May, 2024 The Power and Reward of Cooperation: Binance Founder CZ Sentenced to 4 Months Imprisonment Defendants often face a tough choice — challenge the government’s evidence and if convicted, face significant jail time. On the flip side, defendants who plead guilty and cooperate can earn significant sentencing reductions, even avoiding any jail time. The contrast between cooperating and non-cooperating defendants can be very stark. Samuel Bankman-Fried or SBF” was convicted after a lengthy trial. He was convicted of a massive... General 8 May, 2024 BIS Releases Updated Guidance for Freight Forwarders On March 28, 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS”) released updated guidance to freight forwarders specifically outlining their responsibilities under the aegis of the Export Administration Regulations (EAR”). Issued in the wake of BIS’s Update Conference on Export Controls and Policy, the new guidance underscores the critical role freight forwarders play in preventing the flow of illegal exports to... General 7 May, 2024 Quarterly Trade Compliance Update – April 2024 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 April. Below is a summary of events this past quarter: About the document: This handy one-pager is designed to be used by our clients to provide a quick... Podcasts 5 May, 2024 Episode 319 — Deep Dive into SCG Plastics $20 Million Settlement with OFAC to Resolve Violations of Iran Sanctions Program OFAC is capable of extending a long-arm of enforcement, reaching sometimes non-U.S. companies that may cause” another company to violate U.S. Sanctions laws. If you need to find an example of this long reach, look no further than OFAC’s recent settlement with SCG Plastics (SCG”), in which SCG, a Thailand company, which sells plastic resins, agreed to pay $20 million for violations of the Iran... General 3 May, 2024 DOJ Charges Ten Individuals for Violating Venezuelan Sanctions On April 22, 2024, the U.S. Department of Justice announced the indictment of 10 Venezuelan individuals for conspiring to violate the International Economic Emergency Powers Act (IEEPA”). According to the DOJ, the individuals conspired to decade U.S. sanctions imposed on Petroleos de Venezuela S.A. (PDVSA”) in January 2019. In April 2024, one of the defendants was arrested upon arrival at Miami’s internal Airport. The Violations... General 2 May, 2024 NIST Adopts New 2.0 Cybersecurity Framework In the absence of federal cybersecurity and data privacy laws, companies have to look to other sources of guidance, including industry standards, and state laws. The National Institute of Standards and Technology (NIST”) has sought to fill some of the large gaps on the issue of cybersecurity. Enforcement agencies often cite the NIST Framework as an important barometer of an organization’s commitment to cybersecurity risks... General 1 May, 2024 New BIS Rule Implementing AUKUS Effectuates Sweeping Changes to Dual Use Export Controls On April 19, 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS”) published an interim final rule (IFR”) that officially codifies certain changes to the Export Administration Regulations (EAR”) precipitated by the United States’ participation in the Australia, United Kingdom, and United States (AUKUS”) Trilateral Security Partnership. Announced in September 2021, AUKUS is intended to enhance the overall defense capabilities of each participating... Page 1 of 357 1 2 3 4 5 ... 10 20 30 ... » Last » Follow: Watch The Latest Webinars on Volkov Law TV Listen to the Corruption,...