6 Ways To Manage International Regulatory Risk Under Trump
By Gregory Husisian and Olivia Singelmann ( May 21, 2018, 10:35 AM EDT) -- The end of the Obama era brought uncertainty regarding the future of the enforcement of U.S. regulations governing exports and international conduct. Although some observers speculated that a deregulation-minded President Donald Trump would cut back on enforcement of such laws as the economic sanctions regulated by the Office of Foreign Assets Control, the various anti-money laundering laws, U.S. export controls and the Foreign Corrupt Practices Act, enforcement activity for these laws — including the largest-ever FCPA settlement ($965 million in combined penalties) and the largest export controls/economic sanctions penalty ($1.19 billion) — confirms that the Trump administration is committed to the aggressive application of U.S. law abroad. With the U.S. Department of Justice, FBI and the U.S. Securities and Exchange Commission continuing to use dedicated resources to identify violations and to prosecute U.S. laws governing U.S. exports and international conduct, companies that sell to foreign markets or operate abroad need to prioritize managing the risks posed by these laws....
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