Hughes Hubbard Issues 2019 FCPA & Anti-Bribery Alert
Hughes Hubbard & Reed LLP announced its 2019 FCPA & Anti-Bribery Alert, a comprehensive review of the cases, trends and enforcement actions that impacted anti-corruption law throughout 2018 and 2019. The Anti-Corruption & Internal Investigations Group has analyzed noteworthy developments in anti-corruption enforcement over the past year and highlight the actionable trends and lessons pertinent to general counsel and compliance professionals.
In a release, the firm said the Alert’s primary focus is on U.S. enforcement of the FCPA. The Alert details each FCPA resolution and ongoing criminal matter from 2018 through publication. The Alert details the underlying conduct related to each resolution, the actions of the companies throughout their investigations, and the resulting penalty. Walmart’s landmark settlement with U.S. authorities and the SEC’s $16 million enforcement action against Deutsche Bank for improper hiring practices in China and Russia are just a few of the cases studied in this year’s Alert.
As the fight against foreign bribery has taken root outside the United States, the Alert has been expanded to cover key developments from other jurisdictions as well. This year’s Alert includes Chapters on the anti-corruption enforcement developments in France and the U.K. and updates on the enforcement efforts in Brazil, China, and Mexico.
From a trend perspective, the lawyers at Hughes Hubbard note it is critical to look at the past as prologue. International coordination, U.S. law enforcement coordination, tailored monitorships, third party risk factors, technological developments, and the increasing importance of timely remediation are just a few of the trends discussed in the Alert. The insights provided for each of these trends can serve as useful tools for multinational companies considering how to manage their operations and identify and mitigate their most significant areas of anti-corruption risk, the firm said.
