In The News

France Smacks Down Second-Largest Bank to Become Key Bribery Cop

Bloomberg

05 Jun 2018

In the landmark Société Générale (SocGen) bribery case, France committed itself to global anti-corruption efforts in  the country’s first case to be settled “in total cooperation with American authorities.” James Koukios, co-head of Morrison & Foerster’s global FCPA + Anti-Corruption practice, emphasizes that France’s increased effort to combat misconduct is “a huge deal because their companies have been some of the worst offenders.” The decision of the French counterpart of the DOJ, the Parquet National Financier (PNF), to take half of the multi-million dollar fine from SocGen and to oversee the company points to France’s dual focus on enforcement and prevention going forward. Read more here.

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