Foreign Corrupt Practices Act: Staying Out of the Government's Crosshairs

Lee Stein and Michael Sussmann spoke on the panel for the upcoming Foreign Corrupt Practices Act: Staying Out of the Governments Crosshairs teleconference. The teleconference consisted of two live 90-minute sessions with interactive Q&A.

The enforcement of the FCPA in recent years has been increased by the Department of Justice. U.S. companies with overseas dealings are being scrutinized and Criminal penalties for violations of the FCPA against companies and corporate officials have risen dramatically. Heightened government attention calls for U.S. companies to implement a comprehensive FCPA compliance program.

Part 1: "FCPA Overview: Insights into Heightened DOJ and SEC Enforcement"
The panel will provide an overview of FCPA obligations and examines FCPA requirements -- and the impact of Sarbanes-Oxley.

Part 2: "Strategies for Avoiding Charges, Penalties and Litigation"
The panel will provide insights into establishing policies and programs to ensure compliance either to reduce the risk of litigation or to mitigate damages.

The panel reviewed these and other key questions:

• Who and what kinds of activities -- including unexpected danger zones -- are covered by the FCPA?
• What FCPA potential liabilities and adverse consequences face companies operating in a global marketplace?
• What types of conduct have prompted investigations by the SEC and DOJ -- and by foreign regulatory authorities?
• What lessons can be learned from recent SEC and DOJ anti-corruption enforcement actions?
• What are the best practices for companies to utilize in developing anti-corruption compliance programs and due diligence efforts?