2020 was another record-setting year in U.S. Foreign Corrupt Practices Act (FCPA) enforcement. In 2019, corporate FCPA enforcement set an all-time high with over $2.65 billion in fines and penalties. Additionally, that year, the U.S. Department of Justice (DOJ) and the U.S. Securities and Exchange Commission (SEC) imposed the two largest FCPA corporate penalties, including
Greenberg Traurig Shareholder and Co-Chair of the Global White Collar Criminal Defense Practice John Pappalardo was recently profiled in a Globes article discussing the Foreign Corrupt Practices Act (FCPA) which allows a person to be prosecuted in the United States for an act that occurs outside of the United States.
Pappalardo, who has represented many prominent clients including Russian oligarch Mikhail Khodorkovsky, also focuses on ensuring clients involved in international business are compliant with the vast requirements of the law.
A few key takeaways from the interview with Pappalardo:
1. There are countries where institutionalized corruption is a “cultural tradition.” Avoid doing business there; it’s not worth the risk.Continue Reading Greenberg Traurig’s John Pappalardo Discusses FCPA in Globes Article