Corruption Crime & Compliance

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 ahe

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, chec

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-part

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

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

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 Ir

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 h

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 C

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

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 relati

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 boar

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 regula

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 pri

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 Teli

Is Your Sanctions Screening Enough?

Are you rubbing elbows with criminals? When OFAC designates someone a specially designated national, or SDN, it’s not a warning label. It’s a legal wall. Every asset th

Episode 447 -- Veloxis Pharmaceuticals' $46 Million Kickback Settlement and What the CEP Really Rewards

In this episode of Corruption, Crime and Compliance, Michael Volkov breaks down Veloxis Pharmaceuticals' more than $46 million settlement with DOJ and HHS-OIG over a year

When You Fail to Fix an Already Flagged Compliance Gap

At $125 million, breaking the law can never be a cost of doing business. UBS Bank was hit with a $125 million FinCEN penalty, the largest ever against a broker-dealer un

Episode 446 -- L3Harris's CEO Ouster and the Board Governance Lesson Nobody Learns the First Time

In this episode of Corruption, Crime and Compliance, Michael Volkov examines L3Harris Technologies' abrupt ouster of chairman and CEO Christopher Kubasik over a code-of-c

Could Your Routine Customs Payment Actually Be a Bribe?

Is your routine payment actually a bribe? Scolar, an Omaha agricultural company, resolved an FCPA case for over $10 million after using customs brokers to bribe Mexican

Episode 445 -- Why Your Organization Needs an AI Acceptable Use Policy

In this episode of Corruption, Crime and Compliance, Michael Volkov makes the case that every organization needs a written AI Acceptable Use Policy now, not eventually, b