Anticorruption laws such as the U.S. Foreign Corrupt Practices Act and the U.K. Bribery Act have raised concerns for companies of every stripe recently, from firearms manufacturers to makers of beauty products. But the financial services industry continues to be a major target for global enforcement agencies. In a teleconference held on Thursday, Mayer Brown attorneys discussed what actions financial service companies should consider in order to deal with growing antibribery and anticorruption legislation, and to prepare for increased enforcement around the world.
The event, which is part of the firm’s Global Financial Markets Initiative Teleconference Series, was titled “International Enforcement of Anticorruption Laws: Emerging Issues.” And from the sound of it, there are plenty of issues to keep in mind for those tasked with managing compliance for financial service companies.
