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News Releases

Releases

Thompson & Knight Attorney Rose Romero says Expect FCPA Probes to Continue
 
October 19, 2012 8:22 am

 During the past decade, the federal government has pulled in billions of dollars in civil and criminal penalties through increased enforcement of the Foreign Corrupt Practices Act. That kind of return is one reason that the scrutiny of domestic companies and their overseas business partners is not expected to ease. "It's simply good business for corporations to set proper expectations and exercise control over their foreign subsidiaries," says former SEC Regional Director Rose Romero, now of the Dallas office of Thompson & Knight. "Due diligence on the front-end is critical, as well as the regular monitoring of those arrangements and the investigation of any red flags." Romero notes that questions about the business practices of third-party service providers may lead to a costly internal review, but that investment is likely better than being indicted, and a company's response may reduce the amount of any federal sanction. For more information, contact Barry Pound at 800-559-4534 or barry@androvett.com.


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