Best Practices: FCPA Challenges for Korean Companies Doing Business in US - Dos & Don'ts
Paul Knight participated in panel discussion on "Best Practices: FCPA Challenges for Korean Companies Doing Business in US - Dos & Don'ts" during a Nossaman/UBIC FCPA Seminar in Seoul, South Korea on December 2, 2011.
In recent years, the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have placed an increased emphasis on compliance with the Foreign Corrupt Practices Act (FCPA). That stance is mirrored in the UK through recent passage of the UK Bribery Act. This panel discussed the following key issues:
- The necessary steps companies need to take in order to comply with the Acts and
- How to respond if your company is under investigation due to potential violations;
- The impact of these Acts from the legal and public policy perspective;
- Registration requirements for non-US companies that lobby US officials under the
Foreign Agents Registration Act; and
- Ethical rules that apply to US government officials, restrictions on accepting gifts and the general prohibition on foreign entities making campaign contributions in the US.