Rolls-Royce agreed to pay $800 million in a global settlement to resolve allegations by UK, U.S. and Brazilian authorities that the car manufacturer had conducted a long-running scheme to bribe foreign officials in exchange for assistance in obtaining government contracts.
At the 33rd ACI International Conference on the Foreign Corrupt Practices Act, leading prosecutors and regulators from the U.S. and the UK emphasized the importance of international cooperation, self-disclosure, and a heightened focus on individual responsibility.
Cadwalader attorneys asserted that companies operating in China need to do more to enforce Foreign Corrupt Practices Act practices and procedures. If policies and procedures are "no more than words on paper, they are toothless paper tigers."
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