The United States government has been aggressively enforcing the Foreign Corrupt Practices Act, anti-money laundering laws, and export control laws against multi-national corporations and companies doing business overseas.  Some of the recent anti-corruption settlements include:

• $1.6 BILLION PAID TO U.S. AND GERMAN AUTHORITIES BY A GLOBAL ENGINEERING CONGLOMERATE IN 2008, AS A RESULT OF FCPA AND ANTI-CORRUPTION VIOLATIONS.
• $780 MILLION PAID TO U.S. AUTHORITIES BY SWITZERLAND’S LARGEST BANK IN 2009, AS A RESULT OF A CONSPIRACY TO DEFRAUD U.S. TAX AUTHORITIES THROUGH ITS CROSS-BORDER BUSINESS PRACTICES.
• $350 MILLION PAID TO U.S. AUTHORITIES BY A LARGE LONDON BANK IN 2009, AS A RESULT OF VIOLATING U.S. EXPORT LAWS.

Beyond the massive fines and penalties being imposed on companies, the U.S. is also indicting and prosecuting corporate executives and officers more than ever.  HSNO’s Corporate Review and Compliance Practice helps companies avoid compliance pitfalls by performing compliance risk assessments, corporate reviews, risk management consulting and training.

Service Overview:

• Compliance Risk Assessments
• Corporate Reviews
  • Whistleblower complaints
  • Competitor allegations
  • Government letter inquiries and subpoenas
  • Internal audit red flags
• Risk Management Consulting
  • Design compliance-appropriate go-to-market strategies for high-risk countries
• Anti-Corruption Due Diligence
  • Agents, consultants, vendors and joint venture partners
  • M&A, financings and IPOs
• Compliance Training
  • Asset Tracing
  • Hedge Fund Due Diligence

Global Expertise:

• Foreign Corrupt Practices Act
• Anti-Money Laundering
• Export Control & Sanctions Laws
• Anti-Fraud/Embezzlement/Theft
• Cross-Border Business Practices
• Intellectual Property & Trade Secret Misappropriation
• Gap Assessments & Benchmarking
• Overseas Joint Venture Partners and State-Owned Entities
• HSNO: 36-year old, internationally recognized forensic accounting firm with 18 offices

Global Experience:

• Argentina
• Brazil
• Canada
• China
• Ecuador
• Egypt
• France
• Germany
• Great Britain
• India
• Indonesia
• Iran
• Iraq
• Kazakhstan
• Libya
• Mexico
• Netherlands
• Nigeria
• Paraguay
• Russia
• Saudi Arabia
• Singapore
• South Africa
• Thailand
• UAE
• United States
• Venezuela
• Vietnam