Compliance Hot Spots: Davis Polk Lawyers on FCPA Trends + DOJ Fraud Section Leader Lands at Walmart + Skadden Snags FinCEN Enforcement Head
Corporate resolutions in FCPA cases are behind the pace of previous years, but given messaging from the Justice Department, defense attorneys remain focused on compliance upgrades.
August 03, 2022 at 05:36 PM
9 minute read
Compliance Hot Spots
Welcome to Compliance Hot Spots, our weekly snapshot on white-collar, regulatory and compliance news and trends. Today, we share insights from Davis, Polk & Wardwell white-collar leaders on FCPA trends. Plus, a former DOJ official lands at Walmart, and Weil, Gotshal & Manges backs Meta in an unusual merger challenge involving the metaverse. Please get in touch with tips and feedback. Contact me at [email protected] and @AGoudsward on Twitter.
Davis, Polk & Wardwell sign. Courtesy photo. 'Compliance is the Only Defense:' Davis Polk Lawyers on FCPA Trends
After a down year in 2021, white-collar practitioners anticipated a ramp-up in Foreign Corrupt Practices Act activity this year. But what have we actually learned from the first six months of 2022?
Davis Polk & Wardwell recently held a webinar focused on key trends in FCPA enforcement, a law that has become one of the Justice Department's most important tools in corporate criminal enforcement. The webinar featured Davis Polk white-collar co-chairs Greg Andres and Martine Beamon as well as Daniel Kahn, who oversaw the FCPA unit while working at DOJ, and Fiona Moran, a white-collar partner in D.C.
"In the current environment where Deputy Attorney General Lisa Monaco and other people are talking about, and you're seeing trends toward hasher resolutions or a focus on corporate criminal activity, compliance is in many respects the only defense," Andres said. "So more than ever, in this environment, it's an important moment to be reevaluating or viewing or testing your compliance program."
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11 minute readLaw Firms Mentioned
- Baker McKenzie
- Ice Miller
- Gibson, Dunn & Crutcher
- Weil, Gotshal & Manges
- Sullivan & Cromwell LLP
- Davis Polk & Wardwell
- Paul, Weiss, Rifkind, Warton & Garrison
- King & Spalding
- K&L Gates
- Quinn Emanuel Urquhart & Sullivan
- Waller Lansden Dortch & Davis
- Hogan Lovells
- Skadden, Arps, Slate, Meagher & Flom LLP
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