FCPA Reform Archives - FCPA Professor

Once Again, Rebooting A Long-Standing FCPA Proposal, This Time In The Aftermath Of A Recent Disclosure By Cisco

By Mike Koehler on March 8, 2022 in Cisco, FCPA Reform

Including the first time I proposed this concept in 2010, this is the 11th time I have written this general post (see here, here, here, here, here, here, here, here, here, and here for the previous versions).

Until things change, I will keep writing it which means I will probably keep writing this same general post long into the future.

The proposal is this: when a company voluntarily discloses an FCPA internal investigation to the DOJ and/or SEC and when one or both of the enforcement agencies do not bring an enforcement action, have the enforcement agency publicly state, in a thorough and transparent manner, the facts the company disclosed and why the enforcement agency did not bring an enforcement action based on those facts.

Former DOJ FCPA Unit Chief Calls On Enforcement Agencies To Consider Domestic “Safe Harbors” In FCPA Matters Involving Life Sciences And Healthcare Companies

By Mike Koehler on February 9, 2022 in FCPA Reform, Healthcare Companies

It is as predictable as the sun rising in the east and dogs barking.

A former DOJ or SEC enforcement official leaves the government for private practice and criticizes certain aspects of FCPA enforcement and/or make recommendations for FCPA reform.

Patrick Stokes (Gibson Dunn and the DOJ’s former FCPA Unit Chief as well as the DOJ’s principal representative at the OECD Working Group on Bribery) is the lead author of this recent article published in Health Lawyer titled “Safe Harbors (And Other Strategies) For Life Sciences And Healthcare Companies In the International Anti-Corruption Storm.”

In it, Stokes and his co-authors call on the FCPA enforcement agencies to consider domestic “safe harbors” in FCPA matters involving life sciences and healthcare companies.

The FCPA Is Not The Place For Country Specific Foreign Policy

By Mike Koehler on February 7, 2022 in China, FCPA Reform

As highlighted in this post, Senator Marco Rubio recently introduced in the Senate a bill titled “Countering Corporate Corruption in China Act of 2022.”

In this release, Senator Rubio states that the legislation is “to modernize the Foreign Corrupt Practices Act by clarifying that the definition of corrupt intent includes actions that excuse the genocide in Xinjiang, advance the Chinese Communist Party’s (CCP) propaganda efforts, or “invest” in core CCP activities, among other actions. The legislation would require companies engaged in suspicious behavior to demonstrate that their actions are related to their underlying business, not part of a corrupt bargain with the Chinese Government or the CCP to gain or retain market access or receive any other benefit.”

Regardless of the merits of the foreign policy objectives, the Foreign Corrupt Practices Act is not the place for country specific foreign policy.

Hats Off To Urofsky

By Mike Koehler on January 18, 2022 in Daisy Rafoi-Bleuler, FCPA Reform, Jurisdiction, Obtain or Retain Business, Parent – Subsidiary Issues, Roger Ng

Shearman & Sterling recently released its annual “Recent Trends and Patterns in the Enforcement of the Foreign Corrupt Practices Act.”

Year in and year out, it is one of the best law firm generated FCPA year in review publications.

For years, Philip Urofsky (a former Assistant Chief of the DOJ Fraud Section where he handled FCPA matters) has been a primary author of the publication and in connection with this year’s release Urofsky announced that it would be his last “FCPA Trends and Patterns” publication as he is retiring.

The “Foreign Extortion Prevention Act” Is Still Flawed

By Mike Koehler on September 24, 2021 in Congressional Activity, Extortion, FCPA Reform

Earlier this month, the Counter-Kleptocracy Act was introduced in the House of Representatives by Representative Steve Cohen (D-TN) and Representative Joe Wilson (R-SC).

As explained in this release, “the legislation consolidates seven bipartisan counter-kleptocracy bills led by members of the Helsinki Commission and the Caucus against Foreign Corruption and Kleptocracy during the 117th Congress.”

As further explained in the release, The Counter-Kleptocracy Act includes the following counter-kleptocracy bills:

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Once Again, Rebooting A Long-Standing FCPA Proposal, This Time In The Aftermath Of A Recent Disclosure By Cisco

Former DOJ FCPA Unit Chief Calls On Enforcement Agencies To Consider Domestic “Safe Harbors” In FCPA Matters Involving Life Sciences And Healthcare Companies

The FCPA Is Not The Place For Country Specific Foreign Policy

Hats Off To Urofsky

The “Foreign Extortion Prevention Act” Is Still Flawed

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