Michael Volkov was recently quoted in Compliance Week, one of the leading information services providers on corporate governance, risk and compliance. The timely article by Joe Mont, “‘Tis the Season for Compliance Concerns Over Gift Giving,” explores the added dangers the gift-intensive holiday season presents to companies’ anti-corruption and compliance programs.
“More gift giving is expected at this time of the year and that’s OK; it’s the nature of the season,” says Michael Volkov, a former federal prosecutor who now heads a law firm that specializes in FCPA matters. “You have to be careful, however, to make sure you document everything,” he adds.
Later in the article, Mr. Volkov offers more guidance to companies:
“You should avoid situations that on their face look embarrassing,” Volkov advises. “It is fine to send a modest gift to a number of people, so long as you take affirmative steps to negate criminal intent and are not directing them toward people who are deciding business for you. It has to be done in a non-discriminatory fashion.”
The Volkov Law Group is a leading boutique law firm specializing in corporate compliance, internal investigations, and white collar defense. Contact Mike today to find out more about how The Volkov Law Group can help your company grow safely and smartly.