In The Press
The Morning Risk Report: Asian Companies More Alert to FCPA RisksNovember 14, 2016 The Wall Street Journal
Asian companies are increasingly alert to the risks of bribery, although they aren’t attuned to the behavior regulators often see as good compliance practice, according to two experts speaking on a panel in Tokyo.
A focus by U.S. prosecutors on punishing individuals for wrongdoing has grabbed the attention of companies in Asia, said Ben Rowse, managing director for Asia at investigations firm Nardello & Co., and Christopher Frey, a lawyer at law firm Paul Weiss. The risk of individuals being prosecuted has caused a “mind shift” among companies, whereas even a penalty as large as $300 million on a company “isn’t going to sink the ship,” said Mr. Rowse, speaking Thursday at a joint event hosted by WSJ Risk & Compliance and Dow Jones Risk & Compliance.