Description
With another cycle of anti-corruption enforcement activities both in Europe and in the U.S. it is fair to say that there is no sign of slow down. After the corruption scandals involving engineering giant Siemens and truck manufacturer MAN, carmaker Daimler and the engineering group Ferrostaal are now in the spotlight in Germany. Recently, French companies Technip and Alcatel-Lucent have agreed to settle charges under the Foreign Corrupt Practices Act ( FCPA ) to pay respectively $338 million and $137.4 million to the U.S. government. These investigations and settlements send a strong message of the continuing trend toward enforcers cooperation and sharing of best practices among regulators and prosecutors.
The expansive use of the FCPA s jurisdictional provisions to prosecute non-U.S. companies and individuals and the requirements of European corporate liability regimes such as the UK Bribery Act in the UK, are increasing companies compliance burden and costs. Today, businesses crucially need not only standards to define what an internal compliance organisation should be, but also guidance on adequate procedures to strengthen their corporate anti-bribery programmes.
Now in its 10th successful European edition, this European Forum on Anti-Corruption will again assemble a leading faculty of experienced in-house and private practice lawyers, compliance executives and government officials who will provide the latest insights to facilitate compliance with anti-corruption laws and mitigate damage should a violation happen.
