Anti-Corruption Report quoted remarks made by partners John Pease and Chris Warren-Smith during a recent firm webinar about how energy companies can navigate anti-bribery laws around the globe.
John said US companies should keep the Foreign Extortion Prevention Act in mind, as it allows the US Department of Justice to pursue criminal charges against foreign officials who make demands for bribes of US companies and citizens.
“It is the first time that the U.S. is criminalizing the demand side of a bri[b]e by a foreign official,” John said. “It is going to be very interesting to see, going forward, how this statute is used by the US authorities in these cases.”
Chris said risk assessments by energy companies should consider a wide range of anti-corruption scrutiny.
“There is more scope for surprises than there used to be,” Chris said, adding that when considering potential enforcements that might result from a cross-border issue, companies should “take the time to work out where all the possible risks might arise.”
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