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It could get messy for U.S. companies doing business in EU

Tom Fox | June 11, 2018

The Trump administration seems to prefer confrontation with U.S. allies to cooperation (both in the economic arena and in politics). This new tact raises the risk level for American companies doing business in the European Union and United Kingdom, or for U.S. companies that might be subject to EU jurisdiction.

There are two phenomena converging that will likely create a new risk category that U.S. companies will have to manage.

The first is fines and penalties levied by the U.S. government against international banks in the wake of the 2008 financial crisis. Of the top 10 highest fines, five have been levied against European-based banks. And of the top 10 FCPA enforcement actions of all-time, eight have been against companies based outside the United States (seven are EU-based companies).

The second is the current geopolitical climate around Iran, after the United States pulled out of the Iranian nuclear deal, which had been agreed to by the P5+1 group...

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