Corruption Crime & Compliance

Michael Volkov
  • 2.4 (5)
  • BUSINESS NEWS
  • UPDATED WEEKLY

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

  1. Tariffs, OFAC and the DOJ (Part 1)

    1 DAY AGO

    Tariffs, OFAC and the DOJ (Part 1)

    Is your trade compliance program low hanging fruit for the Department of Justice and the regulatory agencies? The Justice Department and regulators are focused on enforcement. Civil and criminal penalties are increasing on the import side, tariffs are now a regulatory focus and also a Justice Department focus with regard to the False Claims Act. Criminal and civil penalties are coming. On the export side, traditional regulatory requirements from OLFAC from BIS are now fertile ground for criminal cases for the Justice Department and for huge regulatory penalties from OLFAC and from BIS. The solution? You've got to revise and build an enhanced trade compliance program. And you can do that in several steps. Join us for part two on how to do that.  The Ethics and Compliance Q and A show is produced by One Stone Creative.

    1 min

  2. 2 DAYS AGO

    Building a Best-in-Class AI Use Policy

    In this episode of the Corruption, Crime & Compliance podcast, Michael Volkov examines how companies can design and implement a best-in-class AI Use Policy to manage the rapidly evolving risks associated with artificial intelligence. As organizations deploy AI tools across business functions, Volkov explains why traditional governance approaches fall short and outlines a practical framework for effective oversight, including risk-based classification of AI use cases, strict data protection controls, human accountability, and safeguards against bias and discrimination. He emphasizes the importance of cross-functional governance, employee training, and continuous monitoring, highlighting that AI policies must be operational, not theoretical. The episode’s key takeaway: companies can leverage AI to enhance productivity and innovation—but must maintain clear controls to ensure compliance, protect sensitive data, and preserve accountability.

    6 min
  3. Protecting Profit Through Ethics

    3 DAYS AGO

    Protecting Profit Through Ethics

    It's tempting to cut ethics and compliance in this time. But that would be a mistake. Ethics and compliance provide important fundamental values that in the end make a company more profitable. They promote employee well-being, employee engagement, and makes sure that employees have a vested interest in their company. This is not the time to start jeopardizing those important values. So keep the message going - ethics and compliance are positive to the revenue bottom line. If ethics and compliance are your passion, we need to talk - reach out at mvolkov@volkvlaw.com. The Ethics and Compliance Q and A show is produced by One Stone Creative.

    1 min

  4. 4 DAYS AGO

    FinCEN's AML Reform Proposal -- A Shift Toward Risk, Clarity and Innovation

    FinCEN’s April 2026 proposed rule marks a major shift in AML/CFT compliance by redefining how programs are evaluated, enforced, and managed under the Bank Secrecy Act. In this episode, Michael Volkov breaks down the proposal’s most significant changes, including the new two-pronged framework distinguishing program design from implementation, a higher threshold for enforcement focused on systemic failures, and expanded expectations for risk-based compliance and governance. The rule also encourages the use of innovative technologies like artificial intelligence while requiring stronger board oversight and U.S.-based compliance leadership. With a 12-month implementation timeline and a clear push toward outcome-driven compliance, this proposal signals a fundamental transformation in how financial institutions should approach AML risk management.

    11 min
  5. What Is the ‘Ethics Premium’?

    23 APR

    What Is the ‘Ethics Premium’?

    Your board thinks compliance is a cost center. Here's the research that proves them wrong and how to make sure they know it. Want help making the case for compliance at the top? Visit volkovlaw.com

    1 min
  6. Is Your AI Risk Assessment Ready? (Part 2)

    21 APR

    Is Your AI Risk Assessment Ready? (Part 2)

    Here are 3 more reasons you may think twice about letting ChatGPT run your compliance program. First, content monitoring. The content that you generate through ChatGPT or any AI service can raise real risks with regard to improper intellectual property, data privacy risks where you name certain individuals or name certain identifiers, and most importantly, remember your third-party risks. When it comes to AI, you're using vendors, and those vendors have their own AI policies, and you need to analyze and mitigate those risks as part of the due diligence process and as part of the monitoring process once you've onboarded them. So be careful, take all our six steps and hold them together and mitigate your risks.  The Ethics and Compliance Q and A show is produced by One Stone Creative.

    1 min

  7. 19 APR

    Episode 406: AI Risks and Compliance – Building a Governance Framework

    Artificial intelligence is rapidly transforming business operations—but it is also introducing a new generation of legal, ethical, and compliance risks. In this episode, we explore how AI risk is accelerating across organizations, from data leakage and bias to over-reliance on flawed outputs and hidden third-party exposure. Drawing on real enforcement trends and practical examples, we explain why AI risk is fundamentally a human and governance issue—not just a technology challenge—and why companies must adopt a risk-based approach that distinguishes between high- and low-risk AI use cases. This episode outlines the core elements of an effective AI compliance program, including governance structures, employee training, vendor oversight, and regulatory readiness in an increasingly scrutinized environment.

    12 min
  8. Is Your AI Risk Assessment Ready? (Part 1)

    16 APR

    Is Your AI Risk Assessment Ready? (Part 1)

    Are you actually thinking of turning over your compliance program to ChatGPT? If so, you need to listen to this. AI has to be implemented in a methodical way, a step-by-step program. So let's talk about those steps. First, you need a governance structure, meaning you have to have an organization responsible across the entire organization for all your uses of AI. Second, like every issue that we deal with in ethics and compliance, you need a risk assessment. And you need to look at specific use cases and how those are going to impact your risk profile. This is critical. Only then you can start to tailor your program. Third, you need to decide and investigate what exactly your risks are. Is it algorithmic, meaning you're using it for your business purpose, or non-algorithmic? Stay tuned to part two, and we're gonna talk about the rest of the steps. The Ethics and Compliance Q and A show is produced by One Stone Creative.

    2 min
See All (394)

2.4
out of 5
5 Ratings

About

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

Information

  • Creator
    Michael Volkov
  • Years Active
    2017 - 2026
  • Episodes
    394
  • Rating
    Clean
  • Copyright
    © Copyright 2022 Corruption Crime & Compliance
  • Show Website
    Corruption Crime & Compliance

You Might Also Like