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FCPA Settlement Spotlights Continued Risks for Multinational Corporations in India

Corporate Compliance Insights

Daniel A. Solomon, James Tillen, and Sandeep Prasanna partnered with Trilegal's Kunal Gupta and Shreya Kundu to discuss the state of compliance enforcement in India. The authors highlight the risks for multinational corporations doing business in India, focusing on recent trends in the U.S. regulatory environment as well as the possibility of follow-on action in India by multiple, often overlapping enforcement authorities. "These risks create potential for liability for multinational corporations under both the anti-bribery and accounting provisions of the [Foreign Corrupt Practices Act]," the authors wrote. "Recent regulatory and legal developments in India also underscore the importance for corporations to understand the role of external auditors — including privilege and disclosure concerns — as well as the wide range of potential touchpoints with federal, state and local government entities while doing business in India."