DOJ and SEC Issue Long Anticipated FCPA Guidance -- “Resource Guide” Sheds Some Light, but Gray Areas Remain

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At long last, the United States Department of Justice (“DOJ”) and the Securities and Exchange Commission (“SEC”) released their guidance on Foreign Corrupt Practices Act (“FCPA”) compliance and enforcement issues.

The guidance is not a panacea for the difficult issues that global companies navigate on a daily basis, but the 120-page A Resource Guide to the U.S. Foreign Corrupt Practices Act (the “Resource Guide”) will prove to be a valuable resource. It provides a one-stop compilation of information and distillation of principles that will be helpful “from the board room to the supply room.”

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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