• The Changing Implications and Broadening Reach of Anti-Corruption Legislation: Issues and Concerns Regarding the FCPA Enforcement
  • August 27, 2013 | Author: Gönenç Gürkaynak
  • Law Firm: ELIG Attorneys-at-Law - Istanbul Office
  • Corruption is a threat: to the individual, the company executive, the company’s reputation and its shareholders, and to international trade and commerce generally. The recent publication by the US Department of Justice of the Foreign Corrupt Practices Act Guidelines has once again re-ignited the debate surrounding proper or improper conduct of any and all businesses as regards relations to government officials and public procurement. Coming a year after the UK Bribery Act expanded the remit of compliance programmes to broaden concerns of corruption to also include non-government officials, there is a need to consider how best to identify potential corruption risks facing the firm. Firms need to take urgent ac tion to protect the company against increasingly extra-territorial applications of anti-corruption laws and regulations. The purpose of this paper is to provide insight into the challenges and some of the increasing risks arising out of the implementation of the FCPA guidelines.