The Impact of Foreign Corrupt Practices Act on Asian Businesses

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In many countries, bribes are a way of doing business. But in 2014, U.S. authorities settled charges of bribery brought under the Foreign Corrupt Business Practices Act with the French company Alstom, and its Japanese business partner. The settlement concerned bribes paid to public officials in Indonesia, Saudi Arabia, Egypt and the Bahamas, and showed that U.S. authorities—and their counterparts in the U.K. and other countries—are willing to pursue and prosecute overseas companies for bribery.

Companies and company directors that don’t have proper anti-bribery procedures in place and are unfamiliar with dealing with bribery risk fines, imprisonment, damaged reputations and debarment from bidding for government contracts.

Learn more about:
1. The U.S. Foreign Corrupt Practices Act in 2014
2. Lessons that can be gleaned for companies in Asia from last year’s cases
3. Anti-corruption issues: the risks, and how to prepare and comply with current policies

When: Wednesday, January 21
Time: 2:30-6:00pm
Where: No. 1155, Yuanshen Road, OCBC Tower, 1F, Auditorium
Admission:
Please note that this is a CanCham members only event. Free, but registration is required.

Note:
The seminars will be held in English.

For registration, please send your full name to events@cancham.asia

Event Agenda
2:30-3:00: Registration
3:00-4:00: U.S.Foreign Corrupt Practices Act in 2014: A Review of the Year. What Lessons Can be Learned by Companies in Asia from Last Year’s Cases?
Samuel R. Sharpe from Duane Morris & Selvam
4:00-5:00: Anti-Corruption: Risks, Preparation and Compliance
Marcus Paciocco and Eddie Lam from FTI Consulting
5:00-6:00: Cocktails/Canapés and Networking