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Corruption Crime & Compliance

Michael Volkov

Michael Volkov tackles the current and hot topics in the legal realms of corruption, crime, and compliance.

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38 episodes
Avg 6 min
English

Episodes 38

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Today · 1 min
Can an Acquisition Create New Sanctions Risk?
You can buy a company’s assets, its customers, its brand, and guess what? Its sanctions violations. And sometimes the violation doesn’t exist until the day you close.Here’s what I mean.Under a sanctions program like Cuba and Iran, a foreign company...
#457
Yesterday · 6 min
Episode 457 -- AML Compliance Shift to Effectiveness
In this episode of Corruption, Crime and Compliance, Michael Volkov examines FinCEN's April 2026 proposal to rebuild the Bank Secrecy Act AML program rule around an effectiveness standard, with a two-prong test requiring that programs be both estab...
Tuesday · 1 min
Are Your Export Controls Built Into the System?
If a $36 million export violation comes down to whether a loading dock worker grabbed the right box, the problem isn’t the guy on the dock.BAE Systems just paid $36 million to the State Department for more than 100 export control violations.Here’s ...
#456
Sunday · 6 min
Episode 456 -- Buying a Sanctions Violation
In this episode of Corruption, Crime and Compliance, Michael Volkov explains why acquiring a sanctions violation is even riskier than buying an FCPA problem: under programs like Cuba and Iran, U.S. ownership of a foreign target can itself create sa...
October 8 · 1 min
Can a Company Survive C-Suite Misconduct?
A pharma CEO just found out the captain doesn’t always go down with the ship. Sometimes the ship stays afloat by handing him to DOJ.Veloxis Pharmaceuticals just paid over $46 million to resolve a kickback scheme involving its kidney transplant drug...
#455
October 6 · 8 min
Episode 455 -- Updating Your Sanctions Compliance Program
In this episode of Corruption, Crime and Compliance, Michael Volkov explains why OFAC's 2019 Framework for Compliance Commitments, built on the five pillars of management commitment, risk assessment, internal controls, testing and auditing, and tra...
October 6 · 1 min
Is Embedded AI Slipping Past Your Controls?
Today’s version of the Trojan horse doesn’t need to sneak past your gate in the dead of night. It’s a software update to something you already let in.Second preview ahead of tomorrow’s webinar, and this one’s about a blind spot I see constantly.Mos...
#454
October 4 · 8 min
Episode 454 -- The Marriage of Compliance and Data
In this episode of Corruption, Crime and Compliance, Michael Volkov traces the decades-long relationship between compliance and data, from the profession's earliest, checkbox-style attempts to measure program effectiveness through crude proxies lik...
October 1 · 1 min
Is Your Third-Party Risk Program Ready for AI?
An AI tool isn’t a piece of software. It’s a locked door, and you have no idea how many people have a key.Quick preview ahead of tomorrow’s webinar on AI and third-party risk, because I want you thinking about this before we dive in.Here’s the ment...
#453
September 29 · 5 min
Episode 453 -- Rounding Out Sanctions, Tariff and Trade Developments
In this episode of Corruption, Crime and Compliance, Michael Volkov rounds up three major economic policy developments happening alongside Operation Economic Outcast: the State Department's rescission of Syria's nearly 47-year State Sponsor of Terr...
September 29 · 1 min
Can DOJ Make an Indictment Disappear?
For anyone hoping a friendlier DOJ can make their old charges disappear, a federal judge just reminded us that vanishing requires his or her permission.Big development out of Brooklyn federal court.DOJ tried to drop the remaining bribery and obstru...
#452
September 27 · 11 min
Episode 452 -- Operation Economic Outcast: A Significant Expansion of Iran Sanctions and Enforcement
In this episode of Corruption, Crime and Compliance, Michael Volkov devotes a full deep dive to Operation Economic Outcast, Treasury's aggressive campaign to close off Iran's remaining financial and commercial channels following the collapse of a J...
September 24 · 1 min
Is Your Compliance Budget Ready for 2027?
If you’re planning for 2027 with 2025’s budget in mind, your compliance program is about to fall on its face.KPMG just surveyed 725 chief compliance officers, and the headline is simple: the job has fundamentally expanded, and if your 2027 plan doe...
#451
September 23 · 9 min
Episode 451 -- Two Executives, Two Sentencings, One Week
In this episode of Corruption, Crime and Compliance, Michael Volkov examines two significant executive sentencings handed down within a day of each other: Tomás Niembro Concha, the former CEO of Puerto Rico's now-defunct Nodus International Bank, s...
September 22 · 1 min
When Does Board Oversight Become Bad Faith? (Part 2)
Lo and behold, Boeing gets sued over another safety crisis, and this time Boeing actually won.Want to know why? They kept the receipts.Yesterday I told you about two cases where Delaware let Caremark claims move forward. Today, the case where the b...
#450
September 20 · 7 min
Episode 450 -- Your Vendor Contract Template Was Not Built for AI
In this episode of Corruption, Crime and Compliance, Michael Volkov explains why standard software procurement templates fail to protect organizations in AI vendor relationships, and what to do about it. He walks through the structural differences ...
September 17 · 1 min
When Does Board Oversight Become Bad Faith? (Part 1)
Hiring someone to investigate misconduct isn’t always going to save your board. The line between bad management and bad faith just got real.Here’s a question every board member should be losing sleep over: when does a board’s failure to catch corpo...
#449
September 16 · 8 min
Episode 449 -- The EU AI Act Is No Longer Theoretical
In this episode of Corruption, Crime and Compliance, Michael Volkov breaks down why the EU AI Act has moved from a future planning exercise to an actively enforced regulatory regime, with the European Commission's AI Office holding full investigati...
September 10 · 1 min
Can You Get Off the SDN List?
Has OFAC branded your company with the scarlet letter?Getting removed from the SDN list is possible, but it’s not fast, it’s not easy, and it’s not guaranteed.The primary path is a petition for administrative reconsideration filed with OFAC, arguin...
#448
September 9 · 11 min
Episode 448: Caremark in 2026 — Where Delaware Draws the Line Between Bad Judgment and Bad Faith
In this episode of Corruption, Crime and Compliance, Michael Volkov examines how Delaware's Caremark doctrine has matured through a recent run of decisions involving Teligent, Regions Financial, and Boeing, all centered on the question of when a bo...

Showing 1–20 of 38 episodes