Re-Ensuring Compliance With The FCPA

Partner Max Chester provides an overview of the ways in which the rules and penalties of the Foreign Corrupt Practices Act can potentially affect the reinsurance industry, noting that reinsurance market participants often work with individuals considered “foreign government officials” for purposes of the FCPA. Chester states that members of the reinsurance industry can proactively comply with anti-corruption measures by determining if they are dealing with foreign government officials and whether these dealings would pass FCPA standards.