Webinar: FCPA - The Road Towards Compliance
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.”
Read the in-detail coverage here .
Date(s) - 29/10/2020
3:30 pm - 5:00 pm
THE AMERICAN CHAMBER OF COMMERCE IN BULGARIA
GERMAN-BULGARIAN CHAMBER OF INDUSTRY AND COMMERCE
are pleased to invite its members to an exclusive webinar with guest speakers
Assistant Chief in FCPA Unit of the Fraud Section, U.S. Department of Justice
Resident Legal Advisor for Bulgaria and Romania, U.S. Embassy in Bulgaria
AmCham and German-Bulgarian Chamber Members are invited to send questions in advance till October 27, COB.
Working language: English
Kindly register up to three participants per company below until October 28th, 2020, noon. You will receive an e-mail with instructions on how to join the meeting and a link for access.
For more details, please contact the AmCham Team.
15:30 – 15.35 hrs. WELCOME AND OPENING REMARKS
Olivier Marquette, President, American Chamber of Commerce in Bulgaria
15:35 – 16.30 hrs. OVERVIEW OF THE FOREIGN CORRUPT PRACTICES – ACT, VIOLATIONS AND BEST PRACTICES
Jessica Kim, Resident Legal Advisor, U.S. Embassy Sofia, U.S. Department of Justice
Vanessa Sisti, Assistant Chief, Foreign Corrupt Practices, U.S. Department of Justice
16:30 – 17:00 hrs. QUESTIONS AND DISCUSSION
About the speakers
Vanessa Sisti is an Assistant Chief in the Foreign Corrupt Practices Act (“FCPA”) Unit of the Fraud Section in the United States Department of Justice. Previously, she served for four years as an Assistant United States Attorney in the Southern District of Florida, where she prosecuted white collar crime and handled over twenty federal criminal trials. Prior to becoming a federal prosecutor, Vanessa spent five years in private practice at the international law firm Hogan Lovells.
Vanessa graduated with honors from the University of Florida with a Bachelor of Science in Accounting, Master of Accounting, and Juris Doctor, and she is a Certified Public Accountant.
Jessica Kim is the U.S. Department of Justice’s Resident Legal Advisor for Bulgaria and Romania, providing justice sector assistance to build capacity in combating public corruption, money laundering, and organized crime. She also focuses on assessing and promoting procedural and legislative reforms, as well as building support for an effective judiciary, to promote the rule of law throughout Bulgaria, Romania, and the Central European region.
Jessica has served as an Assistant United States Attorney in the Southern District of Ohio since 2014, focusing her practice on prosecuting white collar crimes, including public corruption, investment fraud, corporate fraud, wire fraud, money laundering, and cybercrimes.
The Foreign Corrupt Practices Act of 1977, was enacted for the purpose of making it unlawful for certain classes of persons and entities to make payments to foreign government officials to assist in obtaining or retaining business.
Since 1977, the anti-bribery provisions of the FCPA have applied to all U.S. persons and certain foreign issuers of securities. With the enactment of certain amendments in 1998, the anti-bribery provisions of the FCPA now also apply to foreign firms and persons who cause, directly or through agents, an act in furtherance of such a corrupt payment to take place within the territory of the United States.
This webinar is exclusive for members of the American Chamber of Commerce in Bulgaria and the German-Bulgarian Commercial and Industrial Chamber.