The Foreign Corrupt Practices Act and the Financial Services IndustryArticle from Bloomberg Law |
Why should members of the financial services industry, who have traditionally not been the focus of bribery enforcement actions, pay attention to anti-bribery law concerns at this time when compliance budgets are so stretched and the predominant risk focus has drifted further away from compliance because of the financial crisis? And if they do, what kinds of approaches should be explored? This article, appearing in Bloomberg Law Reports Risk and Compliance, November 2009 edition, explains many of the reasons for the salience of Foreign Corrupt Practices Act (FCPA) to this industry, and several advantages to be obtained by leveraging longstanding compliance program efforts.
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The Foreign Corrupt Practices Act and the Financial Services Industry
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