Thought Leadership

Considerations for TMT Industry Compliance with the Foreign Corrupt Practices Act

Client Updates
Companies within the Technology, Media, and Telecom (“TMT”) sector face significant corruption risk given the global nature of the industry and the control exerted by its complex governance structure. Four of the top ten highest FCPA penalties of all time were paid by TMT companies. Opportunities for corruption arise when TMT companies interact with foreign government officials—for example to acquire spectrum licenses and interconnection agreements, bid on government contracts, or satisfy customs requirements. Under the FCPA, TMT companies may also be liable for acts committed by their channel partners.

To read the full article, which includes settlement lessons around evading internal compliance controls and creating off-book funding sources, as well as tips for FCPA compliance, please click here.

 

ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm of approximately 700 lawyers practicing throughout a network of 13 offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology, and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.

Related Professionals