2nd Russia and CIS Summit on Anti-Corruption 2010

Multinational companies doing business or investing in the Russian Federation and CIS countries face complex and unique anti-corruption challenges. Kickback schemes and allegations of bribes required by government officials directly and through intermediary companies are rampant. Such pervasive corruption has sometimes caused international investors to cease operations altogether. Local leaders have responded by taking steps to reduce corruption. Most notably, Russian President Dmitry Medvedev signed the new anti-corruption legislation package last year, and on January 9, 2010 the new Anti-Corruption Law came into force. In the last year, more than 6,000 criminal cases have been initiated under the new legislation.
At the same time enforcement activity under the U.S. Foreign Corrupt Practices Act has significantly expanded, prosecution of corruption cases has gone global and international cooperation has increased. The activities of US companies and non-US companies registered on US stock exchanges, and all subsidiaries of such companies, have come under increased scrutiny, particularly in high risk markets such as Russia and the CIS, making FCPA compliance a top priority.
Under the current enforcement environment, both Russian and foreign companies must recognize their vulnerabilities and remain ever mindful of global anti-bribery legislation. If your company is operating in Russia or the CIS, you must put a comprehensive anti-corruption program in place and be prepared to act promptly and effectively to remedy any problems that do arise.
Following the success of their inaugural Summit, American Conference Institute and C5 Group are pleased to introduce the 2nd Russia and CIS Summit on Anti-Corruption. This one-of-a-kind Summit brings together an exceptional faculty of senior corporate ethics and compliance executives, attorneys, accountants and government officials. They will provide a comprehensive update on the anti-bribery landscape in Russia and the CIS, the intersection of local anti-bribery laws and how to implement robust anti-corruption policies to comply with local and foreign anti-bribery laws. This year’s agenda will include the latest information on:

• How Russia’s new anti-corruption measures affect foreign and local companies
• Exposing hidden ownership structures in Russia and the CIS
• Implementing robust anti-corruption compliance and training programs that integrate local legal standards and traditions
• Dealing with questionable payments and conducting cost-effective internal investigations
• Implementing a risk-oriented due diligence process for agents, intermediaries and joint venture partners
• Setting up effective internal accounting controls to prevent unauthorized payments