FIFA: Compliance into the Weeds: Congress Fills a Corruption Hole: The Foreign Extortion Prevention Act

Saturday, December 23, 2023

FIFA: Compliance into the Weeds: Congress Fills a Corruption Hole: The Foreign Extortion Prevention Act

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32 views Dec 19, 2023 Compliance Into The Weeds

The Foreign Extortion Prevention Act (FEPA) is a groundbreaking law that aims to combat corruption by criminalizing foreign government officials who solicit or accept bribes from US entities.

This law complements the Foreign Corrupt Practices Act (FCPA), which penalizes companies for offering bribes, and introduces new challenges and implications for anti-corruption measures.

Tom Fox, a seasoned compliance professional, views FEPA as a long overdue measure that fills a gap in anti-corruption efforts.
He agrees with Matt Kelly, a respected analyst in the field, who emphasizes that FEPA addresses a long-standing concern of anti-corruption advocates. Both Fox and Kelly anticipate further guidance from the Department of Justice on how this new law will interact with existing measures under the FCPA.
Join Tom Fox and Matt Kelly as they delve deeper into this topic into this final episode of the Compliance into the Weeds for 2023 but plan to join us again in 2024.