MIAMI, Sept. 14 /PRNewswire/ -- The Department of Justice introduction of the "whistleblower bounty" is further evidence of the increasingly aggressive position the government is taking towards enforcing the Foreign Corrupt Practices Act. Under the provision, whistleblowers are eligible to recover between 10 and 30 percent of any settlement that exceeds $1 million based on the significance of information and level of cooperation provided.
To address this and other FCPA-related issues, WorldCompliance the world's leading Open Source Intelligence Company has teamed up with Michael Volkov, a litigation partner at the law firm of Dickinson Wright. Mr. Volkov focuses on trial practice, white collar defense and complex internal investigations. He is the author of "Navigating through the FCPA minefield, debunking myths and addressing red flags".
In the paper, Mr. Volkov discusses the seven common FCPA myths. In addition, he covers the top thirty red flags that organizations must be aware of to avoid FCPA sanctions. This is a critical document for any compliance officer, legal counsel or other executive concerned with implementing a solid FCPA program.
On October 7th WorldCompliance will host a live online presentation where Mr. Volkov will discuss the highlights and trends contained within the paper. He will be accompanied by Ryan Morgan, U.S. Sales Director and FCPA specialist for WorldCompliance. Mr. Morgan will discuss strategies for implementing a systematic due diligence process and how to navigate the red flags.
To register, go to: WorldCompliance FCPA Webinar
Take advantage of this opportunity to obtain insights from FCPA professionals, gain perspective from their experiences, and use it to develop a program for your organization.
About Michael Volkov
He was a federal prosecutor for 17 years; a Chief Counsel on the Senate Judiciary Committee and the House Judiciary Committee; a Deputy Assistant Attorney General in the Department of Justice; and a trial attorney in the Antitrust Division. He has practiced in the District of Columbia for nearly 30 years. Mr. Volkov has extensive criminal trial practice – over 75 criminal jury trials.
About Dickinson Wright
Dickinson Wright was founded in Detroit in 1878 and has since grown to be one of the most respected law firms in its region. With more than 240 attorneys and offices in Detroit, Bloomfield Hills, Lansing, Grand Rapids, Ann Arbor, and Washington, D.C., the firm provides comprehensive legal services to a broad range of clients, from very large corporations to small businesses, new ventures, individuals and governmental units.
About Ryan Morgan
Ryan is an FCPA specialist, offering client's insight on risk evaluation, implementing effective due diligence policies, as well as best practices in protecting their company's reputation. Ryan joined WorldCompliance in 2007 where he began servicing financial companies in the US and the Caribbean. Mr. Morgan has attended industry conferences focused on preventing corruption, money laundering, and terrorism financing all over the world. He has also participated in workshops where he consulted the US government on ways to fight drug trafficking in the US and Latin America.
WorldCompliance has the most comprehensive database of individuals and organizations that may represent a risk to your organization's finances and reputation. Their solutions are used to identify entities linked to over twenty risk categories including state owned enterprises and foreign officials, terrorism, narcotics, money laundering, fraud, collateral crimes, and politically exposed persons.
Their database conforms to local anti-terrorism and money-laundering legislation, including The U.S. Patriot Act, FCPA, The UK Bribery Bill and is verified for compliance with the requirements of the Third EU Money Laundering Directive.
They protect more than 2000 clients worldwide, working in sectors such as brokerage, finance, government, insurance and manufacturing.
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SOURCE World Compliance, Inc.