Five Ways to Prepare for the New French Anti-Corruption Law
As corporations continue to face heightened scrutiny around the U.S. Foreign Corrupt Practices Act (“FCPA”) and U.K. Bribery Act (the “Bribery Act”), other countries are beginning to jump on the anti-corruption bandwagon. France is the latest nation to join the fray, working to finalize a new law to fight corruption, foster transparency and modernize economic activity.
One of the most notable changes is the creation of a national regulatory body to prevent and detect corruption – the Agence Francaise Anti-corruption (AFA), a 70-person agency, reporting to both the Ministry of Justice and the Ministry of Finance. Another potential significant development is the introduction of a French-style deferred prosecution agreement (“DPA”).
Read our post on the FCPA Blog.
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