Publication
The new framework for stopping scams before they start
Scams are a global phenomenon and no business is immune. In addition to reputational damage and a likely increase in customer complaints.
Authors:
Global | Publication | February 2020
On January 31, 2020, France, the United Kingdom and the United States announced a settlement with Airbus SE (Airbus), the French aircraft manufacturer, in relation to bribery allegations and, in the US and France, export control violations. The combined penalties total US$3.9 billion, the largest anti-corruption settlement in history. The settlement offers insight into corruption enforcement in the different countries and, perhaps more importantly, a view of the future of coordinated multi-jurisdictional investigations and enforcement.
The case illustrates the trends that we are seeing in our practice: (i) regulators and prosecutors are increasingly working together to investigate and resolve issues; (ii) the ambit of extra-territorial jurisdiction is being continually expanded; and (iii) common global standards for effective compliance programs are emerging.
Read the full briefing on our Regulation Tomorrow blog.
Publication
Scams are a global phenomenon and no business is immune. In addition to reputational damage and a likely increase in customer complaints.
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