Re-Ensuring Compliance With The FCPA

Law360, New York (March 12, 2012, 1:26 PM EDT) -- The reinsurance industry has been in existence for several centuries and has developed its own ways of doing business and cultivating relationships, often based on personal interactions and a healthy dose of entertainment.

The Foreign Corrupt Practices Act (FCPA)[1], a U.S. statute that generally prohibits bribery of foreign government officials, has been in existence since 1977, but has seen a tremendous growth in enforcement only in the past 10 years.

It is time for the reinsurance industry players to “meet” the FCPA, understand its provisions and...
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