February 25, 2020

Airbus-Part 2 Mike Volkov on ITAR and Trade Sanction Enforcement

16 minutes

In this special 5-part podcast series on the FCPA Compliance Report, I am considering the Airbus international anti-corruption enforcement action from a variety of perspectives from some of the top world’s top compliance practitioners and commentators on compliance. They include, Jay Rosen-Mr. Monitor; Mike Volkov-Editor of Corruption Crime and Compliance; Jonathan Armstrong-partner at Cordery Compliance in London; Cecilia Fellouse-Guenkel-Secretary General, The Circle of Compliance and Tom Fox-the Compliance Evangelist. In today’s Episode 2, Mike Volkov considers that US trade sanction enforcement involving Airbus.

Highlights include:

How was Airbus subject to US trade sanction jurisdiction?

This is one of the few cases where the DOJ focused on anti-corruption and trade sanctions.

Airbus had complete absence of commitment to compliance.

Airbus had a completely broken culture.

What were the three categories of ITAR violation identified by the DOJ?

Resources

Mike Volkov’s review of the ITAR portion of the US enforcement action here.

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