The new Foreign Extortion Prevention Act
Last December, the United States Congress passed the new Foreign Extortion Prevention Act (hereinafter, FEPA).
Complementing the Foreign Corrupt Practices Act (hereinafter, FCPA), the FEPA establishes, for the first time, criminal liability for foreign officials who solicit or accept bribes from persons or entities covered by the FCPA.
As is the case with the FCPA, the FEPA is not limited in scope to the territory of the United States. The FEPA extends to the solicitation or acceptance of bribes by foreign officials when they have a nexus to the United States.
These regulations should be taken into consideration in the design, implementation and review of Compliance Systems of public sector entities (or entities related to the public sector) that have a relationship with U.S. entities, carry out activities that may be of national interest to the United States, among other issues.
The full content of the Foreign Extortion Prevention Act can be accessed through the following link: https://www.congress.gov/bill/118th-congress/senate-bill/2347/text
Compliance Department of Molins Defensa Penal.