Description
The DOJ and SEC’s intense scrutiny on FCPA enforcement continues unabated. U.S. companies doing business internationally must be particularly careful to avoid running afoul of FCPA requirements pertaining to gifts, entertainment and hospitality in the course of conducting business.
Recent investigations and subsequent DOJ and SEC enforcement actions related to gifts, travel, and excessive entertainment against Olympus, which resulted in over $22 million settlement, and against PTC, which was settled for $28 million, demonstrate the need for counsel to guide clients in developing, implementing and monitoring solid gift-related FCPA compliance policies and training.
The FCPA Resource Guide does include SEC/DOJ positions on gifts and hospitality with foreign officials. However, the history and recent enforcement indicate that gift practices are rife with grey areas as businesses navigate a tricky balance between obeying the law and respecting local customs.
Listen as our authoritative panel of practitioners experienced with FCPA challenges examines the provisions of the law that address gifts and hospitality, discusses DOJ advisory opinions and recent cases, and offers best practices for compliance.
Presented By
Ms. Cassidy's practice focuses on corporate compliance, internal investigations and white collar criminal defense. She has provided expertise on matters related to anti-corruption, the Foreign Corrupt Practices Act, ethics laws, the False Claims Act, political activity, government procurement, and conflicts of interest. As a seasoned criminal litigator, Ms. Cassidy has also tried over 100 jury and non-jury criminal cases to verdict.
Mr. Davis focuses his practice on international regulatory compliance and enforcement issues. He advises on corruption issues around the world, including compliance with the FCPA and related laws and international treaties, and FCPA-related internal investigations and disclosures to the SEC and DOJ. Mr. Davis works with clients to develop and implement compliance programs, conduct due diligence and audit compliance processes.
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This 90-minute webinar is eligible in most states for 1.5 CLE credits.
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Date + Time
- event
Wednesday, May 17, 2017
- schedule
1:00 PM E.T.
- Provisions of the FCPA addressing gifts and hospitality
- Advisory opinions and recent cases
- Qualcomm
- PTC Inc.
- Olympus
- SciClone
- Others
- Best practices for compliance
The panel will review these and other key issues:
- Does the FCPA allow any leeway for companies regarding hospitality—and when is it permissible under the law?
- When do gifts to foreign officials cross the line from respecting local customs and culture to being viewed as bribery?
- What strategies can counsel offer companies to ensure their staffs are fully compliant with the FCPA with regard to gift giving, travel, entertainment and hospitality?
- What guidance is offered in the FCPA Resource Guide as well as recent enforcement actions, advisory opinions, and settlements for gift and hospitality conduct?
