Tuesday, 29 October 2013

The Perils of Keeping FCPA Infractions Under Wraps

Charles Duross, the deputy chief of the U.S. Justice Department's Foreign Corrupt Practices Act Unit, delivered an ominous message Monday to in-house lawyers at the Association of Corporate Counsel's Annual Meeting in Los Angeles: Failure to report potential bribery is more perilous than ever. Duross, who is based in Washington, D.C., said DOJ is handling a "pretty steady stream of cases," with every major U.S. attorney's office investigating alleged violations of the FCPA, which prohibits bribery of foreign officials. "The risk of getting caught . . . is greater today than any point previously," Duross said. "I think that's kind of a no-brainer." Affiliate publication Corporate Counsel has more.

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