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The U.S. Securities and Exchange Commission (“SEC”) has two new weapons in its transparency and anti-bribery arsenal – rules that impose new obligations on companies that file reports to the SEC and work in jurisdictions with a high incidence of corruption. These new rules serve to further reinforce the notion that effective compliance programs, including third-party/supplier due diligence protocols and monitoring of third-party payments, are critical to effective risk management when doing business in countries where corruption is prevalent. |
Client Alert: Two New Weapons Emerge in U.S. Regulators’ Battle Against Bribery and Corruption: The SEC’s “Government Payments” for Resource Extraction and “Conflict Minerals” Rules
By Reagan R. Demas and Sandina L. Green 1 Min Read
Author
Reagan R. Demas
Author
Sandina L. Green