The Foreign Corrupt Practices Act 2010
Why You Should Attend
The increased trend in Foreign Corrupt Practices Act ("FCPA") enforcement actions shows no signs of letting up in 2010. 2009 saw a record number of individual prosecutions, and more FCPA prosecutions overall than in any full year prior to 2007, (except 2008). Currently, there are at least 120 companies under investigation. The SEC announced the creation of a specialized Foreign Corrupt Practices Act unit to "focus on new and proactive approaches to identifying [FCPA] violations" and to take "a more global approach to these violations". Also increasing is the frequency of civil litigation and individual liability in the wake of FCPA enforcement actions. And recent FCPA enforcement actions and disclosures demonstrate that no industry is immune from FCPA scrutiny. Companies everywhere must make FCPA compliance and the creation of effective anticorruption programs a top priority. This, the go-to one-day FCPA program, is taught by a faculty of leading practitioners and government regulators, will give you the background and tools you need to spot the issues early, develop workable risk management processes and implement effective compliance programs.
What You Will Learn
- Overview of the FCPA and its potential impact on your company or clients
- Comprehensive update on the past year's enforcement trends and their implications for U.S. and foreign companies
- What's happening globally? Trends in international enforcement
- How to manage risk in various third-party relationships and acquisitions
- Practical tips on establishing an effective FCPA compliance program in a distressed economy
- Strategies for creating a successful compliance culture
- Compliance trends in gifts, entertainment and hosting, facilitating payments, and charitable contributions
- Due diligence in light of recent cases - how much is enough?
- Conducting FCPA internal investigations in an environment of heightened prosecutions: practical considerations
- Enforcement trends going forward: new theories of liability, targeted industries, international trends
Who Should Attend
This program is designed for both in-house and outside counsel interested in gaining a practical, in-depth understanding of the FCPA, as well as the legal and ethical responsibilities of those companies subject to the Act and their legal, accounting and financial advisors.