Foreign Corrupt Practices Act for Small and Medium Enterprises
The Foreign Corrupt Practices Act has become a major source of liability for US and foreign firms and individuals with total fines and penalties exceeding $6.4 billion in 2020. That’s over 2.5 times the amount of the previous record in 2019, which had already been described as “by many measures, the most significant year ever in FCPA enforcement.” While high-profile cases over the past decade have involved large multinationals such as Goldman Sachs, Airbus, Alcatel and Tyson Foods, smaller companies and their executives have been caught in the crosshairs of the US regulators and have faced fines reaching in the tens of millions of dollars—very significant amounts for smaller companies, not to mention the harm to the company's reputation, which can be hard to recover. As a result, small and medium sized businesses and their owners should be familiar with this area of the law and the means of avoiding potential liability.
The webinar will provide an overview of the types of situations that can create FCPA risks for businesses and their owners, and practical guidance on how to implement an anti-bribery and corruption compliance program that will not only help avoid problems, but also demonstrate to enforcement authorities that any issues were the result of “rogue” actors rather than lax policies approved by top management. The webinar will also offer guidance on the steps a company should take in the event issues are uncovered internally or come to the attention of the SEC or the DOJ.
Tuesday, March 30, 2021
12:30 PM - 2 PM via Zoom
Register below to receive the meeting information.
Eden P. Quainton, Partner, Dunnington Bartholow & Miller LLP
Luke McGrath, Partner, Dunnington Bartholow & Miller LLP
Carolina Pineda Martinez, Special Counsel - International Legal Consultant
Sixtine Bousquet-Lambert, Associate, Dunnington Bartholow & Miller LLP
Ludovico G Rossi, International Legal Intern, Dunnington Bartholow & Miller LLP
Robert Mascola, Senior Director Compliance Programs, Fordham Law School
CLE credit for this program is approved in accordance with the requirements of the New York State CLE Board for a maximum of 1.5 transitional and nontransitional professional practice credits.