Chief compliance officers (CCOs) whose companies are subject to enforcement actions could face the possibility of individual criminal liability under a new compliance certification requirement that the U.S. Department of Justice (DOJ) imposed as part of a recent Foreign Corrupt Practices Act (FCPA) settlement. CCOs and chief executive officers (CEOs) whose companies are subject to anti-corruption enforcement actions may be required to certify the effectiveness of their companies’ compliance programs, subjecting both officers to individual criminal liability for any misrepresentations made via that certification.
The recent FCPA plea agreement requires the company’s CEO and CCO to certify at the end of a required monitorship that its compliance program is “reasonably designed to detect and prevent” future anti-corruption violations. The agreement indicates that the CEO and CCO could face individual criminal liability under federal statutes that criminalize any false statements by making the certification.
Sidley’s White Collar practice spans the globe and is consistently recognized as a leader for criminal investigations, agency enforcement actions, False Claims Act matters, and other governmental inquiries and litigation. If you have questions regarding this Update, please contact the Sidley lawyer with whom you work, or one of our White Collar partners or counsel:
- Washington, D.C.
- James M. Cole, firstname.lastname@example.org
- Karen A. Popp, email@example.com
- Thomas C. Green, firstname.lastname@example.org
- Jeffrey T. Green, email@example.com
- Frank R. Volpe, firstname.lastname@example.org
- Kristin Graham Koehler, email@example.com
- Colleen M. Lauerman, firstname.lastname@example.org
- Leslie A. Shubert, email@example.com
- Angela M. Xenakis, firstname.lastname@example.org
- Brian P. Morrissey, email@example.com
- Ellen Crisham Pellegrini, firstname.lastname@example.org
- Craig Francis Dukin, email@example.com
- William R. Levi, firstname.lastname@example.org
- Julia G. Mirabella, email@example.com
- Jack W. Pirozzolo, firstname.lastname@example.org
- Doreen M. Rachal, email@example.com
- Los Angeles
- Douglas A. Axel, firstname.lastname@example.org
- Ellyce R. Cooper, email@example.com
- Paige Holden Montgomery, firstname.lastname@example.org
- David A. Silva, email@example.com
- New York
- Timothy J. Treanor, firstname.lastname@example.org
- Michael A. Levy, email@example.com
- Joan M. Loughnane, firstname.lastname@example.org
- Michael D. Mann, email@example.com
- David H. Hoffman, firstname.lastname@example.org
- Daniel D. Rubinstein, email@example.com
- Scott R. Lassar, firstname.lastname@example.org
- Geeta Malhotra, email@example.com
- Joseph R. Dosch, firstname.lastname@example.org
- Daniel C. Craig, email@example.com
- San Francisco
- Dave Anderson, firstname.lastname@example.org
- Brian J. Stretch, email@example.com
- Sheila A.G. Armbrust, firstname.lastname@example.org
- Sara George, email@example.com
- Margaret H. Allen, firstname.lastname@example.org
Senior managing associate Lauren C. Freeman and summer associate Abby Scheper* contributed to this Sidley Update.
*not admitted to practice
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