Insights & Publications
Diversity & Inclusion
© 2021 Debevoise & Plimpton LLP
U.S. Enforcement Agencies Issue Extensive New FCPA Guidance
15 November 2012
On November 14, 2012, the U.S. Department of Justice and the Securities and Exchange Commission issued
A Resource Guide to the U.S. Foreign Corrupt Practices Act
, which provides the views of the U.S. enforcement agencies on a wide range of FCPA issues of significant concern to the global business community.
The issues addressed by the
include the jurisdictional reach of the FCPA; the meaning of “foreign official” and “government instrumentality;” the treatment of business hospitality and gifts; successor liability in mergers and acquisitions; the principles that govern enforcement decisions, including self-reporting, cooperation and remediation; the elements of effective compliance programs; and reporting obligations under the Sarbanes-Oxley Act.
is non-binding, prosecutors and regulators likely will rely heavily on it when making decisions regarding the application of the FCPA, and companies should consider its guidance when reviewing and implementing their anti-corruption policies, internal controls and compliance programs.
White Collar & Regulatory Defense
Banking Enforcement & Litigation
Bruce E. Yannett
Mark P. Goodman
Andrew M. Levine
Erich O. Grosz
View More Authors
UK Modern Slavery Act Transparency Statement
Debevoise Login (2)
Debevoise Women's Review