FCPAméricas Blog
Archive for Risk Assessments category:
Matteson Ellis Law Comments on Walmart FCPA Compliance Issues
4.28.2012
Over the last 24 hours, a Matteson Ellis Law press release has been picked up by hundreds of sources. A copy of the news release is provided below. Walmart investigation shows need for companies to seek guidance on FCPA compliance AUSTIN, Texas–(BUSINESS WIRE)–Recent revelations of widespread bribery in Walmart’s Mexico operations highlight the significant risks […]
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Wal-Mart’s Bribery in Mexico (Part 2: Insights into Specific Corruption Risks)
4.25.2012
A lot has been discussed about Wal-Mart over the last three days since the New York Times’ bribery story broke. FCPAméricas offered its initial thoughts in Part 1 of this series. The story will no doubt continue. Enforcement officials will eventually act. The ways in which the New York Times obtained such detailed information will […]
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D&O and FCPA: What underwriters should know about assessing corruption risk
4.13.2012
Increasingly, the insurance industry is exploring the possibilities of extending directors and officers (D&O) liability insurance to costs associated with investigations of potential U.S. Foreign Corrupt Practices Act (FCPA) violations. Earlier this week, the FCPA Professor published a helpful interview with one broker who now offers a policy that funds certain costs resulting from any […]
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“Remedial Due Diligence”: Handling third party backlogs
4.10.2012
A recent survey conducted by Deloitte found that companies’ FCPA due diligence on business partners remains low. A considerable number of respondents said they typically only conduct anti-corruption due diligence and risk assessments on up to a quarter of their business partners. Five percent of respondents conduct no third party due diligence at all. Third […]
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The Biomet Case: Lessons from the latest FCPA settlement involving Latin America
3.30.2012
Earlier this week, a former colleague and skilled attorney, Lisa Prager, offered thoughts on compliance priorities in her article for Forbes entitled, “FCPA Compliance: Don’t Blow Your Budget Just Yet.” She advises companies to implement straightforward compliance programs and to target compliance efforts to the areas of business posing the highest corruption risks. Companies need […]