- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
The U.S. Justice Department’s new FCPA enforcement policy seems to suggest that it’s in the best interests of the United States to both keep the playing field level for American companies and help raise the level of economic growth through fighting bribery and corruption across the globe.
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Whether you’re a multinational telecommunications company looking to certify your anti-corruption program post-settlement, or a biochemical company victimized by a “rogue” employee, seeing the light at the end of the enforcement tunnel isn’t always easy.
Aviation maintenance services provider AAR Corp. will pay nearly $56 million to settle charges that it violated the Foreign Corrupt Practices Act when it paid bribes to government officials in Nepal and South Africa.
A subsidiary of McKinsey & Co. will pay nearly $123 million to the Department of Justice to settle allegations that it bribed officials in South Africa to win consulting contracts.
