The purpose of this article is to highlight the potentially high Foreign Corrupt Practices Act compliance risks posed by offset transactions for a number of companies in the defense industry and to discuss how to mitigate these risks through an effective anti-corruption law compliance program. My perspective on this comes…
Howard Weissman is of counsel in Baker McKenzie's Washington, D.C., office. He has decades of experience in advising on US laws and regulations directly impacting international business operations such as the Foreign Corrupt Practices Act (FCPA) and US antiboycott laws, International Traffic in Arms Regulations, Export Administration Regulations, and foreign agency and anti-bribery laws. Mr. Weissman has designed and implemented corporate anti-corruption compliance programs and training programs. He served as vice president and associate general counsel at Lockheed Martin Corporation, where he worked for more than 25 years.