Expert Guest Entry by Asheesh Goel, Mr. Goel will be speaking at ACI’s FCPA Boot Camp in Chicago
The last few years have seen quite a bit of commentary on rise in enforcement of the U.S. Foreign Corrupt Practices Act and other related U.S. laws. The gist of most of the commentary can be summed up as follows: be careful when doing business in emerging markets.
During this same time, in part due to the ongoing global recession, U.S. and multi-national companies increasingly are “seeking-alpha” in emerging markets. This has created an effect whereby companies increasingly are feeling pressure to focus on the very markets that present the greatest risk from an anti-bribery and corruption perspective. Further exacerbating the risk, as these emerging markets see a flood of cash inflows, the politicians that govern them are facing tremendous pressure to ramp up their own anti-bribery and corruption enforcement regimes. Overall, we have observed a shift in the paradigm from a U.S. centric anti-bribery and corruption approach to what is seemingly a patchwork of overlapping laws and regulations, many of which are extra-territorial in their reach. [ Read the complete e-Book ]