With: Joshua L. Ray 12-15 April 2021
Rahman Ravelli’s Joshua Ray gave a speech at the International Trade Council’s Think Global conference about the dangers of corruption in business.
Josh, a partner at Rahman Ravelli, detailed how businesses and individuals have to recognise the risks of corruption worldwide and take steps to avoid becoming involved in it.
His speech, entitled “Handling corruption issues - Why corruption risk is not just about the Foreign Corrupt Practices Act’’, explained why those involved in business in more than one country need to be aware of the implications of a recent US legal judgement.
The decision, in the case of US v Napout, expanded greatly the ability of US prosecutors to target corruption in other jurisdictions. It confirmed that foreign bribery can be prosecuted in the US as wire fraud, even when no US company or citizen is involved.
Josh’s told the conference what the judgement means for businesses inside and outside the US; particularly how it can affect their anti-bribery compliance procedures. His speech considered this with regard to companies involved in development projects sponsored by multilateral development banks (MDBs) or the International Development Finance Corporation (DFC), who often receive US government funds.
Think Global is an international event that aims to assist businesses on matters such as exporting, importing, foreign direct investment and overcoming technical barriers to trade. It attracts manufacturers, exporters of products and services and supply-chain management firms from around the world.
The "The Think Global Conference" event happened 7 months ago, 12-15 April 2021.
Event roundup and debrief coming soon.
Joshua Ray represents individuals and corporates in complex investigations, prosecutions and regulatory actions regarding market manipulation and multijurisdictional matters involving fraud, bribery and money laundering.
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