Note to compliance officers: If you aren’t already seriously worried about being ensnared by the Foreign Corrupt Practices Act, you should be.
That was one takeaway from remarks by regulators and experts at a recent event on managing FCPA risks. Speakers at a Sept. 23 conference sponsored by The Economist warn that the onslaught of enforcement—and the astronomical fines—will march on.
Observers expect to see the Department of Justice and the Securities and Exchange Commission continue to bring more enforcement actions and to extract higher fines related to FCPA violations, despite current distractions stemming from the credit crisis.
The U.S. anti-bribery statute, which ...