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Podcast: Corruption Crime & Compliance
Episode: Export and Sanctions Enforcement Update
Description: What happens when companies ignore red flags, bypass legal advice, and underestimate the reach of U.S. export laws? In this episode, Michael Volkov unpacks two major enforcement actions from the Department of Commerce’s Bureau of Industry and Security (BIS) and the Treasury Department’s Office of Foreign Assets Control (OFAC). These cases serve as cautionary tales for companies navigating complex trade and sanctions landscapes, highlighting the steep costs of compliance failures, even when violations aren't willful.You’ll hear him discuss:BIS’s $4.25 million penalty against Alpha and Omega Semiconductor (AOS) for 15 v...