Tag:FCPA
Combatting Fraud in Latin America
In a recent statement for the Department of Justice (DOJ), Assistant Attorney General Kenneth Polite Jr. shared that the DOJ plans on ramping up enforcement of the Foreign Corrupt Practices Act (FCPA) in Latin America this year. This statement comes after the majority of noncompliance actions under the FCPA in 2022 occurred in Latin America.
FCPA Establishes Corporate Regulation of Text Messaging Apps
On March 12, 2019, the Department of Justice (“DOJ”) announced revisions of the Corporate Enforcement Policy in the Foreign Corrupt Practices Act. The changes now require company oversight of ephemeral messaging apps used by any employee, stock holder, or agent who discusses business records via the messaging platform. Publicly traded companies must now establish internal compliance policies to review use of ephemeral messaging services, provide ongoing oversight of the messaging services, and may want to completely prohibit the use of such messaging apps for business purposes.