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Richard L. Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Harry Cassin Managing Editor


Elizabeth K. Spahn Editor Emeritus

Cody Worthington Contributing Editor

Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

Eric Carlson Contributing Editor

Bill Steinman Contributing Editor

Aarti Maharaj Contributing Editor


FCPA Blog Daily News

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Thursday
Nov102016

New French anti-corruption law allows DPAs

New anti-corruption legislation adopted Tuesday by France allows companies to enter into negotiated settlements with magistrates.

"The new system, allowing for a Deferred Prosecution Agreement (DPA), aims to speed up lengthy legal procedures," VOA News said.

Fines can reach up to 30 percent of the company's annual revenue.

The new law requires a judge to review settlements in a public hearing.

Whistleblower protections are also part of the legislation.

France has had weak anti-corruption enforcement.

The OECD Working Group on Bribery said in 2014 that although 24 new corruption cases were opened since 2012, no French company had been convicted of a foreign bribery offense, despite international convictions of some French companies.

The gap in French enforcement has been filled in part by the United States. Three French companies are on the list of the ten biggest FCPA enforcement actions.

Alstom paid $772 million in 2014, Total SA paid $398 million in 2013, and  Technip SA paid $338 million in 2010.

France is the only country that appears on the top ten list three times.

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Richard L. Cassin is the publisher and editor of the FCPA Blog.