From antitrust to the Foreign Corrupt Practices Act (FCPA) to sanctions enforcement and beyond, 2020 promises to be another active year for the Department of Justice and, consequently, a busy one for compliance officers as well.
“Compliance expectations at large are being elevated by all the various agencies,” says Brian Whisler, a partner at law firm Baker McKenzie. It’s not just about managing corruption risk, but also antitrust, bid-rigging, and sanctions risk, not to mention cyber-related issues today’s chief compliance officers must now try to keep up with. “There is a wide menu of compliance risk,” Whisler says. That also means compliance departments are increasingly having to come up with creative ways to do more with fewer resources.
