20th Annual IBA Anti-Corruption Conference
12 Jun - 13 Jun 2024
Session information
Panel two - Combatting corruption’s demand side: New U.S. legislation and beyond
Wednesday 12 June (1055 - 1155)
Description
Neither the US Foreign Corrupt Practices Act (FCPA) nor many other countries’ anti-corruption laws directly provide for enforcement against foreign officials who demand bribes, focusing instead as a policy matter on the supply side of bribe payers. In fact, the Organization for Economic Co-operation and Development OECD found in 2018 that only about one in five foreign bribery enforcement actions included sanctions against public officials, such as for money laundering. However, in late 2023, the United States enacted the Foreign Extortion Prevention Act (FEPA), which explicitly criminalises foreign officials’ receipt of bribes. This panel will discuss FEPA, as well as other US and international efforts to combat the demand side of bribery, including relevant implications and critiques.
Session / Workshop Chair(s)
Daniel Alonso | Vedder Price P.C., New York, New York, USA; Internal Investigations Officer, Compliance Subcommittee |
Speakers
Marianne Bloos | HOUTHOFF, Amsterdam, Netherlands |
Aurelie Ercoli | DLA Piper, Washington, District of Columbia, USA |
Alison Howell | Ericsson, Amsterdam, Netherlands |
James Tillen | Miller & Chevalier Chartered, Washington, District of Columbia, USA; Member, Anti-Corruption Committee Advisory Board |
François Valérian | Transparency International, Berlin, Germany |