Houston Principal Tony Phillips was quoted in an article published by Business Insurance. The article, “U.S. Keeps Up Pursuit of Firms Offering Bribes,” discusses how policyholders are generally finding little change in the Trump administration’s pursuit of potential violators of the Foreign Corrupt Practices Act, the federal law that prohibits bribing foreign government officials. In a 2012 interview, President Trump had described the FCPA as a “horrible law” that “puts us at a huge disadvantage.” But the U.S. Department of Justice and the Securities and Exchange Commission, which jointly enforce the law, continue to actively pursue FCPA cases. Deputy Attorney General Rod J. Rosenstein said while the department will continue to pursue individuals responsible for wrongdoing, it is no longer necessary to identify every employee who played a role in the alleged misconduct to receive cooperation credit. The idea is to encourage self-disclosure by companies, without requiring them to “chase down every rabbit hole,” said Tony.
The full article can be found here.