Yesterday the Department of Justice announced the release of updated guidance on corporate compliance programs. We are still evaluating the new guidance and what has changed, but we wanted to be sure all of our clients and readers were aware that there is new information from the DOJ on what compliance programs should look like and how they should work.
Compliance programs for the Foreign Corrupt Practices Act and other anti-corruption laws can be essential to a corporation in preventing corruption and other problems that could potentially lead to litigation and fines. Additionally, a company with an effective and well designed compliance program is likely to be looked on more favorably by prosecution should they find themselves involved in litigation related to a rogue employee or business associate. An effective compliance program shows prosecutors and officials that the company is, and has, worked to prevent problems. Smith Brandon International is always working to learn more about how best to set up effective compliance programs so that we can help our clients to be sure they are doing all they can to defend against corruption.