Actions Taken During a FCPA Enforcement Action-Lessons from Parker Drilling and Ralph Lauren

• By: Thomas R. Fox
• Date: May 13, 2013
• Source: http://tfoxlaw.wordpress.com/2013/04/25/actions-taken-during-a-fcpa-enforcement-action-lessons-from-parker-drilling-and-ralph-lauren/

In the two most recent corporate Foreign Corrupt Practices Act (FCPA) enforcement actions, the Department of Justice (DOJ) and Securities and Exchange Commission (SEC) to communicate not only what they believe constitutes a best practices compliance program but equally importantly what actions a company can engage in which will significantly reduce a company’s overall fine and penalty. These matters involved Parker Drilling Company (Parker Drilling) and the Ralph Lauren Corporation. Parker Drilling received a Deferred Prosecution Agreement (DPA) and Ralph Lauren sustained a Non-Prosecution Agreement (NPA).

Republished from FCPA Compliance and Ethics Blog with kind permission of the author.