Five Strategies to Mitigate a New Risk Environment

What do you do when the headlines shift faster than your risk matrix can keep up? In this episode, Michael Volkov dives into the challenge of adapting compliance programs in the face of volatile and fast-changing global risks—from tariffs and trade controls to supply chain disruptions and third-party exposures. While the pressure to react is constant, the real key is staying anchored in your company’s values while making smart, timely adjustments.

Legal and compliance officers are used to adjustments and continuous improvement of their compliance programs. Building and maintaining an effective ethics and compliance program never ends — it is a continuous process. In a climate of rapid change, the strategies may feel familiar, but the risks themselves are taking new shape. To that end, Michael outlines five specific strategies for evolving your compliance program without losing your footing.

You'll hear him discuss:

• Why culture isn't just a buzzword—it's the first and most critical line of defense in volatile times
• How to run a quick-turn, focused risk assessment to identify new hotspots like sanctions, tariffs, and supply chain gaps
• The rising danger of indirect exposure to foreign terrorist organizations and cartels through third parties
• What companies need to know about tariff classification, scope, and enforcement to avoid legal and economic penalties
• Why sanctions and export controls enforcement is heating up—and what that means for your global operations
• How to recalibrate third-party risk management to account for trade-based threats and hidden ownership structures

Resources

Michael Volkov on LinkedIn | Twitter

The Volkov Law Group