Corruption Crime & Compliance

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

  1. Regulators Want Proof It Works

    -1 j

    Regulators Want Proof It Works

    If your third-party risk management program uses annual questionnaires and spreadsheets, your program is already obsolete. The third-party risk environment has fundamentally changed. It used to focus on financial stability, insurance, and basic due diligence. Today, your vendors create exposures to AI risks, cybersecurity threats, sanctions violations, privacy failures, supply chain disruptions, and regulatory enforcement. Regulators are no longer asking whether you have a third-party risk program. They're asking whether your program actually works. Annual reviews are no longer enough. Risks change daily. Vendors deploy new AI tools. Ownership changes. Sanctions risks emerge overnight. The future belongs to those companies that embrace continuous monitoring, automated screening, and dynamic risk management. The Ethics and Compliance Q and A show is produced by One Stone Creative.

    1 min

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    Episode 432 -- OFAC and OFSI Send a Clear Message: Global Sanctions Compliance Has Entered a New Era

    The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) and the UK's Office of Financial Sanctions Implementation (OFSI) recently issued joint guidance comparing their respective sanctions regimes. While the document provides a useful overview of similarities and differences, it also sends a much broader message: international sanctions enforcement is becoming increasingly coordinated. In this episode, Michael Volkov examines why multinational companies should move beyond country-by-country compliance programs and build integrated, enterprise-wide sanctions compliance frameworks. He discusses key differences involving ownership and control, reporting obligations, voluntary disclosures, and strict liability standards, while offering practical recommendations for strengthening global sanctions compliance. As always, the discussion emphasizes practical solutions, ethical leadership, and building compliance programs that work in the real world—because effective compliance is more than following rules; it's earning trust and protecting enterprise value.

    6 min
  3. Your Vendors Have Vendors

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    Your Vendors Have Vendors

    Many companies carefully review each and every vendor. Almost none review their vendor's vendor. This creates one of the biggest blind spots in modern risk management. Your payroll vendor may use a third-party AI provider. Your software company may rely on multiple subcontractors. Your logistics provider may depend on dozens of suppliers across the globe. Every one of these relationships creates additional risk. Cybercriminals are exploiting fourth-party relationships to gain access to enterprise systems. Regulators are paying attention as well. You need to turn your attention to your vendors' vendors. The Ethics and Compliance Q and A show is produced by One Stone Creative.

    1 min

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    Episode 431 -- Bosch Pays $43 Million for Illegal Huawei Exports

    Bosch agreed to pay more than $43 million in penalties and disgorgement for illegally exporting products and software to Huawei in violation of U.S. export control laws, while simultaneously receiving the first declination issued under DOJ's revised National Security Division Corporate Enforcement Policy. In this episode, Michael Volkov examines the enforcement action, the compliance failures that led Bosch to misunderstand and misapply the Foreign Direct Product Rule, the warning signs the company failed to recognize, and the lessons organizations can learn about export controls compliance, compliance staffing, escalation procedures, and risk management. The episode also highlights the significant benefits of voluntary self-disclosure, cooperation, and remediation in reducing criminal enforcement risk in today's increasingly aggressive national security enforcement environment.

    8 min
  5. Who Owns Third-Party AI Risk?

    2 juil.

    Who Owns Third-Party AI Risk?

    When it comes to third-party vendors, what you don't know is hurting you. Third parties rely on AI for customer service, recruiting, compliance screening, marketing, and decision making. But when a third party uses AI, your organization is on the hook for legal, regulatory, contractual, and reputational risks. Organizations need to understand which third parties use AI, what tools they use, what data is being shared, what controls exist, and who is responsible when something inevitably goes wrong. Third-party AI governance is a critical component of vendor management. The Ethics and Compliance Q and A show is produced by One Stone Creative.

    1 min

  6. 30 juin

    Episode 430 -- OFAC's Iran General License X: A Temporary License or a Fundamental Shift?

    This episode examines OFAC’s new Iran General License X and why it may represent one of the most significant Iran sanctions developments in years. Michael Volkov explains what the license authorizes, why it matters amid ongoing diplomatic negotiations, and why companies should not mistake temporary sanctions relief for a permanent policy shift. The episode highlights practical compliance steps, including careful transaction analysis, documentation, due diligence, screening updates, and close monitoring before the license expires. As always, the focus is on practical, risk-based compliance: helping companies identify legitimate business opportunities while protecting ethics, integrity, and trust.

    8 min
  7. 5 Keys to Effective Trade Compliance (Part 2)

    30 juin

    5 Keys to Effective Trade Compliance (Part 2)

    Not all sanctions violations are willful. Some companies just don't know any better. An effective trade compliance program needs three critical elements. First, in addition to the two we spoke about in the last episode, organizations and companies have to monitor transactions, shipping documents, vessels, payment flows, and escalation of red flags. Employee training is critical. OFAC's compliance framework specifically identifies training as a core compliance expectation. And finally, organizations need to monitor, audit, and test whether their controls are actually working. A compliance program that is never tested is simply operating on assumptions. The best trade compliance programs don't just detect violations, they prevent them. The Ethics and Compliance Q and A show is produced by One Stone Creative.

    1 min

  8. 29 juin

    Episode 429 -- AI Governance Collision: Why Business and Compliance Must Stop Fighting and Start Building

    Artificial intelligence has created one of the most significant governance challenges organizations have faced in decades. Business leaders are under intense pressure to deploy AI quickly, while legal and compliance teams are warning about mounting regulatory, legal, operational, and reputational risks. In this episode, Michael Volkov explains why both sides are right, identifies the most dangerous AI governance gaps emerging across organizations today, and outlines a practical roadmap for responsible AI adoption. The message is clear: the companies that will succeed in the AI era will not be those that move fastest—they will be those that build sustainable AI programs grounded in governance, accountability, and trust.

    8 min
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À propos

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

Informations

  • Création
    Michael Volkov
  • Années d’activité
    2017 - 2026
  • Épisodes
    435
  • Classification
    Tous publics
  • Copyright
    © Copyright 2022 Corruption Crime & Compliance
  • Site web de l’émission
    Corruption Crime & Compliance

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