Managing Foreign Corrupt Practices Act (FCPA) Risks

FCPA Resource Guide Cover, Nov 2012Thu, Apr 24. Any business operating in the global marketplace must make the FCPA and anti-corruption an integral part of its business plan. Vigorous enforcement of the Foreign Corrupt Practices Act (FCPA) has become a top priority for both the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC). Recently, both have increased resources dedicated to FCPA enforcement. At the same time, civil and criminal penalties for FCPA violations continue to grow and DOJ has shown an increasing willingness to criminally prosecute individuals for FCPA violations. In addition, many other nations have enacted and/or have begun to seriously enforce anti-corruption legislation of their own. .

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Event Description

Managing FCPA risks from using or acting as a third party intermediary.
Kara N. Brockmeyer, the chief of the U.S. Securities and Exchange Commission’s FCPA unit commented at a conference in November 2013 that more than 60 percent of the SEC’s cases in the last two years involved third-party intermediaries.

If you act as an agent or service provider for a US company, or if you are a US company that uses intermediaries to conduct business in Vietnam, come to this event to learn about how to manage compliance risks, from both a legal and practical view. Our speakers will discuss:
·    What is the FCPA and what does it mean for your business?
·    What is an intermediary?
·    How does your business benefit from understanding the risks involved in acting as or using an intermediary?
·    Best practices for managing third parties and developing practical internal compliance requirements

Quản lý các rủi ro tham nhũng theo quy định của Luật Chống Tham Nhũng Ở Nước Ngoài (FCPA) phát sinh từ việc sử dụng hoặc hành động với tư cách bên trung gian thứ ba.
Kara N. Brockmeyer, trưởng bộ phận FCPA thuộc Ủy Ban Chứng Khoán và Ngoại Hối Hoa Kỳ đã nhận xét trong hội nghị tổ chức tháng 11/2013 rằng trên 60% các vụ kiện do Ủy Ban Chứng Khoán và Ngoại Hối Hoa Kỳ giải quyết trong hai năm qua có liên quan đến các bên trung gian thứ ba.

Nếu Quý Công Ty hành động với tư cách đại lý hoặc bên cung cấp dịch vụ cho một công ty Hoa Kỳ, hoặc nếu Quý Công Ty là một công ty Hoa Kỳ sử dụng các bên trung gian để tiến hành hoạt động kinh doanh tại Việt Nam, Quý Công Ty hãy tham dự sự kiện này để biết thêm về cách quản lý các rủi ro liên quan đến tuân thủ luật, cả theo khía cạnh pháp lý lẫn khía cạnh thực tiễn. Diễn giả của chúng tôi sẽ trình bày:
·  Luật Chống Tham Nhũng Ở Nước Ngoài là gì và luật này có tác động gì đến hoạt động kinh doanh của Quý Công Ty?
·  Thế nào là một bên trung gian?
·  Việc hiểu biết các rủi ro liên quan đến việc hành động với tư cách hay sử dụng một bên trung gian có ích lợi như thế nào đến hoạt động kinh doanh của Quý Công Ty?
·  Các thực hành tốt nhất để quản lý các bên thứ ba và xây dựng các quy định thực tế về tuân thủ trong nội bộ

Agenda

Thu, Apr 24, Renaissance Riverside Hotel

8:30 amRegistration and Refreshments
9:00 amWelcome and Introduction
9:05 amGeneral overview of FCPA requirements
9:35 amHow to proceed if you are a third party service supplier
10:05 amThe Siemens Compliance System
10:35 amFollowed by Q&A
10:50 amEvent Ends
Language:English (supporting by Vietnamese slides)

Costs

Members: 480,000 VND | Non-members: 630,000 VND

Speakers

SestoSesto Vecchi manages the Vietnam practice group of Russin & Vecchi and is in the HCM City office. Sesto has lived and practiced law in Vietnam for nearly 30 years.  He is on the Board of Governors of the American Chamber of Commerce in HCM City.  He was a long time teacher of American contract law to members of the Ho Chi Minh City bar association. He graduated with a BS in Economics from the Wharton School of the University of Pennsylvania, and received his law degree from Temple Law School.  He is a member of the bars of New York and Washington, DC.

FCPA, fraud-related work:
Acted for multinational during investigation in Vietnam; case was one of the 10 largest-ever settlements in an FCPA matter brought by Department of Justice, Securities Exchange Commission Advised on numerous unclear, actual or hypothetical situations Worked on codes of conduct, issues involving internal investigations
Advised on obligation to report a bribe upon discovery
Advised management on investigations and participated, along with management, in employee interviews

Ursula

Orsolya Szotyory-Grove (Ursula) is an associate at Mayer Brown JSM.  She has over six years experience in corporate and commercial matters.  She advises on compliance with anti-corruption laws, including the Foreign Corrupt Practices Act, and also provides training and advice on development of internal corporate compliance programs. Ursula is chair of the AmCham Ho Chi Minh City Legal Committee.

 

Hoa

Ms. Nguyen Thi Thu Hoa has been working for Siemens since September 2006.  For the last almost 8 years, Ms. Hoa has experienced some key positions at the company: She became Commercial Project Officer in 2007. Then she was promoted to Head of Business Administration from November 2012. Since April 2013, she has acted as Head of Compliance Department at Siemens, where she designs and leads the Compliance Organization of the company according to the Corporate Compliance Program as well as provides fitting measures for the prevention of violations of laws or regulations which could lead to corporate sanctions – especially under anti-trust and anti-corruption law. Ms. Hoa graduated from Foreign Trade University (FTU), Bachelor International Business (2002-2007), and HCMC Economic University in co-operation with ESCP Europe Business School and Paris Dauphine University, Master in Economics of Finance and Banking (2010 – 2012)

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Some Background Reading

A Resource Guide to the Foreign Corrupt Practices Act, Department of Justice and Securities & Exchange Commission, Nov 2012

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