FCPA-Related Jury Trial Convicts Four Defendants in 2019

    

The Foreign Corrupt Practices Act of 1977 (FCPA) is a United States law and prohibits firms and individuals from paying bribes to foreign officials in pursuit of business deals. In the past years, we haven’t seen many FCPA-related trials, however, in 2019 we saw the FCPA convicting four defendants in three trials.

The first case was decided in a trial in June, the jury convicted the defendant and his co-defendant for money laundering, conspiracy and violation of the FCPA and Travel act.

A UK citizen made the list as the second case of 2019. The trial of the senior vice president for Alstom SA took place in November and the jury convicted Lawrence Hoskins for violating the FCPA, money laundering and conspiracy.

The third case, making the fourth conviction of the year also happened in November. The trial convicted Mark Lambert, president of Maryland-based Transport Logistics Inc for violation of FCPA. According to Richard L. Cassin from the FCPA blog, the defendant pleaded guilty for bribing a Russian official in exchange for contracts to transport nuclear materials to customers in the United States. To read more about the cases please visit The FCPA Blog.

Companies or individuals are not immune from being fined, sanctioned or sent to jail. That is why is so important to monitor activities through technology, it will help your company to prevent, identify and act on potential misconduct.

Make sure your company has an effective Anti-Bribery and Corruption Program with effective ways to prevent and identify misconduct. Check how MCO can help your business to enforce and prevent bribery and/or corruption.

 

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