“Rescued” Foreign Banks: A New Context for FCPA Compliance

March 18, 2009
With governments forced to provide financial support to some of the world’s largest banks, the partners, suppliers, and customers of rescued banks outside the United States need to be aware of the potential for exposure under the Foreign Corrupt Practices Act. This update highlights the FCPA risk areas for U.S. banks and other companies doing business with foreign banks that are wholly or partly nationalized, and provides suggestions on how to minimize exposure.