• What Foreign Banks Need to Know About the Foreign Corrupt Practices Act
  • May 4, 2010 | Authors: Thomas E. Crocker; William H. Jordan; Kenneth G. Weigel
  • Law Firms: Alston & Bird LLP - New York Office ; Alston & Bird LLP - Washington Office ; Alston & Bird LLP - Atlanta Office ; Alston & Bird LLP - Washington Office ; Alston & Bird LLP - New York Office
  • A variety of regulatory and enforcement strands suggest that the U.S. Foreign Corrupt Practices Act of 1977, as amended, 15 U.S.C. ยงยง 78dd-1 et seq. (FCPA), may join anti-money laundering (AML) and Office of Foreign Assets Control (OFAC) as an area of heightened compliance concern for foreign banks. This client advisory provides a primer on the basic provisions of the FCPA and highlights particular areas of compliance concern for foreign banks.