New Foreign Extortion Statute Creates Strategies And Dangers For Global Companies

March 13, 2024  |  The Insider: White Collar Defense and Securities Enforcement

The Federal Extortion Prevention Act is the newest weapon in DOJ’s fight against foreign corruption, for the first time criminalizing the foreign officials who accept the bribes. The new law will likely put more attention on global companies which are already in DOJ’s crosshairs under the FCPA. Prosecutors’ added muscle, however, also may create opportunities for companies to exchange information with DOJ in return for leniency or financial gain as a whistleblower. In his latest blog post, Morvillo Abramowitz Grand Iason & Anello partner Robert J. Anello explores how FEPA expands avenues for prosecuting foreign corruption and how counsel may use the statute to companies’ advantage. 

New Foreign Extortion Statute Creates Strategies And Dangers For Global Companies