The Department of Justice announced, at the ABA White Collar Conference in New Orleans last week, that the FBI will be increasing its resources to expand its anti-corruption efforts. These efforts include increasing FBI personnel presence in several US cities to identify and investigate potential Foreign Corrupt Practices Act (FCPA) violations.
With more agents covering more ground, and an increased spotlight on FCPA violations, companies should consider whether they are prepared with adequate compliance policies and procedures to prevent FCPA violations, and respond to inquiries of possible violations. Companies will want to look not only domestically to evaluate their programs, policies, and due diligence practices, but globally as well. Last year, a record breaking $1.25 billion was collected in FCPA violations, a sobering statistic that should not be taken lightly.
[bctt tweet=”@SCCE More FBI Agents = more #FCPA investigations – Is Your #Anticorruption Program Ready?” via=”no”]
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