What are the new best practices for third-party risk management?

Join Michael Volkov, CEO of The Volkov Law Group; Bill Hauserman, Senior Director, Compliance Solutions, Bureau van Dijk, a Moody’s Analytics Company; and Ted Datta, Director, Governance, Risk and Compliance Solutions, Bureau van Dijk, for a live webinar on Thursday May 16, 2019, at 11 am EST/4 pm BST.

Please sign up HERE. 

New anti-corruption regulations and advancements in technology have put significant pressure on banks and corporations to get their compliance right. Have their third-party due diligence programs evolved enough to keep up with these changes? Especially at a time when ‘fake news’ is a hot topic and managing false positive results creates new challenges?

In this webinar, we’ll explore what banks and corporations can do to improve their existing due diligence programs to mitigate risk and to identify not just ownership, but also where the power and control is in an organization.

We will explore:

• The complexity of ownership structures and understanding who the ultimate owner is
• Why is it interesting to look where the power and control is and how can it be done?
• Third-party due diligence programs and their evolution in the new regulatory environment
• The wide array of available RegTech solutions and how to make the right choice for your organization
• Best practices of risk assessment and data management

Who should attend:

• Professionals at financial institutions and corporations involved in:
  • Customer due diligence and enhanced due diligence
  • KYC on-boarding and review
  • AML compliance
  • Sanctions screening
  • Transaction monitoring
• Advisers, law firms, consultants
• Law enforcement, investigators, government agencies

Continuing Education Credit: Participants of the live 60 minute webinar with Q&A will qualify for a Certificate to use as credit towards CPE (subject to rules of state bodies).

Speakers

Michael Volkov, CEO at The Volkov Law Group: Michael Volkov has over 30 years of experience in practicing law. A former federal prosecutor and veteran white-collar defense attorney, Mike is an expert in compliance, internal investigations and enforcement matters. Mike was a federal prosecutor for over 25 years and has extensive trial experience in federal court. He also served as chief crime and terrorism counsel for the Senate and House Judiciary Committees. Mike maintains a highly popular FCPA blog – Corruption, Crime & Compliance. He is a regular speaker at events around the globe and is frequently cited in the media for his knowledge on criminal issues, enforcement matters, compliance and corporate governance. Mike is licensed in Virginia and the District of Columbia.

Bill Hauserman, Senior Director, Compliance Solutions, Bureau van Dijk, a Moody Analytics Company: Bill joined Bureau van Dijk in 2016 after 12 years designing global compliance and ethics programs for SAI Global and NAVEX Global. With 25 years’ management experience, he is focused on anti-corruption compliance solutions, and has spent the last seven years focused primarily on the perplexing problem of creating efficient due diligence technology and content for truly understanding the risks of customers and business partners.

Ted Datta, Director, Governance Risk and Compliance Solutions, Bureau van Dijk, a Moody’s Analytics Company: Ted joined Bureau van Dijk in 2010. Ted has specific expertise in helping organizations streamline their third party due-diligence, on-boarding and risk management processes. He is a regular contributor to Europe’s leading procurement, supplier management and governance risk and compliance forums. Ted also provides ongoing market feedback to ensure Bureau van Dijk’s development strategy meets the evolving needs of today’s risk management professionals.

The post Join Us for a May 16, 2019 BVD Webinar: “Is “Power and Control” the New Beneficial Ownership? appeared first on Corruption, Crime & Compliance.

DOJ Issues New Guidance on Evaluation of Corporate Compliance Programs

Thursday, May 9, 2019, 12 Noon EST

Sign up HERE

In a major development in ethics and compliance program expectations, the Justice Department has issued a new and important revised guidance on the Evaluation of Corporate Compliance Programs.  The Justice Department has advanced the ball with respect to ethics and compliance or raised the bar yet again (whatever analogy fits the bill) for corporate compliance programs.  For the compliance officer, this is a new and important document that should be communicated throughout their respective organizations, starting with the board and senior management.

Join Michael Volkov, CEO of The Volkov Law Group, as he reviews the new DOJ Guidance.

The post Webinar: DOJ Issues New Guidance on Evaluation of Corporate Compliance Programs appeared first on Corruption, Crime & Compliance.

RESCHEDULED WEBINAR:

DOJ Issues New Guidance on Evaluation of Corporate Compliance Programs

Tuesday, May 14, 2019, 12 Noon EST

Sign up HERE

In a major development in ethics and compliance program expectations, the Justice Department has issued a new and important revised guidance on the Evaluation of Corporate Compliance Programs.  The Justice Department has advanced the ball with respect to ethics and compliance or raised the bar yet again (whatever analogy fits the bill) for corporate compliance programs.  For the compliance officer, this is a new and important document that should be communicated throughout their respective organizations, starting with the board and senior management.

Join Michael Volkov, CEO of The Volkov Law Group, as he reviews the new DOJ Guidance.

The post RESCHEDULED WEBINAR: DOJ Issues New Guidance on Evaluation of Corporate Compliance Programs appeared first on Corruption, Crime & Compliance.

Webinar: OFAC Issues New Framework for Sanctions Compliance Programs

Sign Up HERE

May 22, 2019, 12 Noon EST

On May 2, 2019, the Treasury Department’s Office of Foreign Asset Control (“OFAC”) issued its promised guidance for sanctions compliance programs (“SCP”) (Here). 

OFAC “strongly encourage[d]” companies subject to OFAC jurisdiction to implement a “risk- based approach to sanctions compliance by developing, implementing and routinely updating a SCP.” 

Join Michael Volkov, CEO of The Volkov Law Group, as he discusses OFAC’s new sanctions compliance guidance.

The post Webinar: OFAC Issues New Framework for Sanctions Compliance Programs appeared first on Corruption, Crime & Compliance.

Webinar: ITAR Compliance — Navigating Complex Risks

June 5, 2019, 12 Noon EST

Sign Up HERE

Companies subject to the International Traffic in Arms statute and regulations, face increasing enforcement and compliance risks. The US Department of Justice and the State Department have increased enforcement and demanded greater compliance efforts. Companies that are involved with “defense articles” and “defense services” have to be vigilant in ensuring compliance and update their compliance programs to reflect current enforcement and compliance priorities.

In this webinar, Colleen Hurson, Senior Counsel at The Volkov Law Group, and a long-time ITAR compliance practitioner, along with Michael Volkov, review ITAR compliance issues and trends.

The post Webinar: ITAR Compliance: Navigating Complex Risks appeared first on Corruption, Crime & Compliance.

Webinar: The Nuts and Bolts of OFAC Sanctions Compliance

November 19, 2020 at 12 Noon EST

Sign up HERE.

The U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) maintains a variety of sanctions programs, which can all vary in their scope and requirements. However, while OFAC sanctions can be complicated, ensuring compliance doesn’t have to be. Regardless of the program, understanding the fundamental underpinnings of OFAC sanctions will improve compliance and help companies avoid common pitfalls.

In this webinar, Jessica Sanderson and Matt Stankiewicz discuss the important fundamentals applicable to all OFAC sanctions programs, and provide strategies to build a best-in-class sanctions compliance program.

The post Webinar: The Nuts and Bolts of OFAC Sanctions Compliance appeared first on Corruption, Crime & Compliance.

Webinar: The Anti-Money Laundering Act — Enforcement and Compliance Implications

March 4, 2021, 12 Noon EST

Sign Up Here

The Anti-Money Laundering Act of 2020 (AMLA) was enacted on Jan. 2, 2020, when Congress overrode President Donald Trump’s veto of the National Defense Authorization Act. The AMLA is the most significant revision of U.S. anti-money laws since the USA PATRIOT Act in 2001. The AMLA: (1) expanded the Treasury Department’s whistleblower program; (2) authorized FinCEN to establish a beneficial ownership registration database targeting shell companies; and (3) created new Bank Secrecy Act (BSA) violations and enhanced BSA penalties for repeat and egregious violators.

Join Elizabeth Slim, Senior Consultant from The Volkov Law Group, and Steven Goldberg, Director, Baker Tilly, as they review the AMLA and the implications for AML enforcement and compliance.

Elizabeth Slim is a Senior Consultant with the Volkov Law Group. Ms. Slim is a Certified Anti-Money Laundering Specialist (“CAMS”) for 15 years with over 35 years specializing in bank operations, compliance, risk management and regulatory training at various community to mid-size financial institutions. Ms. Slim is an experienced Bank Secrecy (“BSA”) and anti-money laundering officer, managing a team of analysts that conduct fraud and money laundering investigations. She managed and had oversight responsibilities of financial institutions’ anti-money laundering programs, risk assessments, transaction monitoring, government reporting, sanctions programs, and training efforts.

Steven Goldberg is a director at Baker Tilly with over 25+ years of experience in the Global financial sector, focusing on AML/BSA, Sanctions, Terrorist Financing and Global forensic investigations and review of banks, corporations and financial service companies. Steven helps clients get to the bottom of very complex AML, Sanctions and Terrorist Financing issues and problems. He drives results through his understanding and expectance in global organizations. Steven has led some of largest global and domestic AML and Sanctions projects.

The post Webinar — The Anti-Money Laundering Act: Enforcement and Compliance Implications appeared first on Corruption, Crime & Compliance.

2021 FCPA Enforcement & Compliance Review

January 5, 2022, 12 Noon EST

Sign up HERE

2021 Sanctions Enforcement & Compliance Review

January 12, 2022, 12 Noon EST

Sign up HERE

With the continuing impact of COVID-19 and economic disruptions, the Justice Department and the SEC continued to push FCPA enforcement. DOJ and the SEC repeated broad statements confirming continued aggressive enforcement programs. However, DOJ and SEC’s record revealed a slow down in corporate enforcement actions.

The new Administration continues to push anti-corruption initiatives, including the release of its Strategy to Counter Corruption, and has promised a more aggressive approach to white collar crime enforcement, including the FCPA. Deputy Attorney General Lisa Monaco previewed this new enforcement push and specifically mentioned that more corporate compliance monitors will be imposed in the future. Despite the uneven record, FCPA criminal enforcement against individuals continued at a steady pace and portends even more cases in 2022. 

With the growing use and reliance on economic sanctions as a policy lever, the Justice Department and the Office of Foreign Asset Control continued their aggressive enforcement of economic sanctions. OFAC and DOJ joined together in the SAP sanctions enforcement case, which established significant new requirements for sanctions compliance programs. OFAC continues to raise compliance expectations, hold individual and corporate actors accountable, and pointing to specific lessons learned.   

In this two-part webinar (January 5 and January 12, 2022), Michael Volkov will review 2021 FCPA and Sanctions enforcement and compliance trends.

Session I will focus on the FCPA and Session II will focus on Sanctions enforcement and compliance issues.
A recording of each session will be made available via Volkov Law TV.

The post Two-Part Webinar: 2021 FCPA and Sanctions Enforcement and Compliance Reviews appeared first on Corruption, Crime & Compliance.

Webinar — Russia Sanctions: Impact on Your Third Party Compliance

Tuesday, March 15, 2022, 1 pm EST

Sign Up HERE

The Volkov Law Group is pleased to announce an upcoming webinar sponsored by NAVEX on Tuesday, March 15, 2022, at 1 pm EST (10 am PST).

Michael Volkov and Jesica Sanderson from The Volkov Law Group will be conducting the webinar.

The Russia-Ukraine crisis has quickly led to evolving sanctions and export controls around the globe. With the fluidity and complexity of the situation, there are broad implications for compliance and legal departments as they need to keep abreast of and understand how the latest sanctions affect their business.

Join this live webinar with Volkov Law Group to understand the current and potential impact on your compliance team and third-party risk monitoring. Get practical and expedient guidance to help your organization through this complex landscape.

We will cover the impact to companies doing business in the United States, European Union, and the United Kingdom.

The post NAVEX and Volkov Law Webinar — Russia Sanctions: Impact on Your Third Party Compliance appeared first on Corruption, Crime & Compliance.

February 14, 2023

12 Noon EST

Sign Up HERE

The past year was a big year in ethics and compliance programs. Global companies face aggressive enforcement risks, including anti-corruption, sanctions, export controls, and antitrust. Adding to this situation, DOJ issued a new Corporate Enforcement Policy, which includes new and significant compliance program expectations.

Chief compliance officers face heightened challenges and expectations from internal and external stakeholders. CCOs have to prioritize initiatives to continue building an effective ethics and compliance programs while navigating serious enforcement risks.

In this webinar, Michael Volkov reviews some of the major lessons learned and trends from last year and offers approaches to enhancing ethics and compliance programs.

The post Webinar: Lessons Learned from 2022: Improving Your Ethics and Compliance Program appeared first on Corruption, Crime & Compliance.