FCPA + Anti-Corruption
1730 Pennsylvania Avenue, NW
Washington, DC 20006
James M. Koukios
James Koukios will present on a panel titled “The Rising Influence of Multilateral Development Banks in the Fight Against Corruption” at an ABA Section of International Law seminar.
The influence of the multilateral development banks in the fight against corruption is on the rise. These institutions now routinely conduct anti-corruption investigations of bank-funded projects, with far-reaching consequences for companies, including debarment and referral of cases to country enforcement authorities.
What is at stake for companies is significant: millions in penalties, sometimes even greater costs for legal and consulting services, and of course jail time for individuals.
This panel will discuss the multilateral bank sanctions process; the impact and significance of cross-debarment; cooperation between MDBs and national authorities and the impact that has (e.g. multi jurisdictional and joint investigations); and how companies can avoid sanctions through effective anti-corruption compliance.
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