FCPA Webinar with AmCham Bulgaria and AHK

On October 29th, 2020 AmCham Bulgaria welcomed Vanessa Sisti, Assistant Chief in FCPA Unit of the Fraud Section, U.S. Department of Justice, and Jessica Kim, U.S. Department of Justice Resident Legal Advisor for Bulgaria and Romania, U.S. Embassy Sofia, who delivered an excellent presentation on the Foreign Corrupt Practices Act (FCPA) for the members of AmCham and the German-Bulgarian Industrial and Commercial Chamber.

It was the third in a row activity that was part of the Rule of Law initiative that was launched since the beginning of 2020. Earlier this year, in February, both Boards had a joint meeting discussing the business angle on rule of law and the sustainable business development. Then both chambers had a joint survey with the members of both organizations.

The FCPA has a global impact and implications on business development and relations with government officials and business partners.   The Act contains both anti-bribery and accounting provisions, and was enacted in response to revelations of widespread bribery of foreign officials by U.S. companies.

“It is very important when speaking on Rule of Law to demonstrate preventive and preemptive knowledge to support the business planning of our joint membership,” said Olivier Marquette at the opening of the webinar. “We are happy that we are continuing this agenda with the AHK and the U.S. Embassy.”

During the Q&A session business leaders sought answers on the way FCPA is being promoted across industries and national institutions. Also, they wanted to know more about the communication chain if a whistleblower would like to raise a flag of something that is not compliant with the Act.

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