FIFA Indictments and the Notion of Global Compliance

In an article by Joel Schectman for the Wall Street Journal and its “Morning Risk Report,” Jack Sharman is interviewed about the idea of a global compliance regime in light of the recent indictments of FIFA officials:

Jackson Sharman, a white collar specialist at Lightfoot, Franklin & White LLC, says that the case shows that the notion of a swelling, global compliance culture may be exaggerated. Attorneys and compliance professionals often make the mistake of believing their concerns about bribery are representative of the organizations where they work, he said. “It’s dangerous to assume that a legal regime is being internalized by everybody, because clearly it’s not,” Mr. Sharman said. “Assuming that others think the same way as you think can be fatal.”

Read the full article here: The Morning Risk Report: FIFA Allegations Shows Old School Bribery Lives On

There will doubtless be much fodder for discussion in the FIFA cases — bribery, FCPA, jurisdiction, cooperation and many more issues — but here here is a good place to start.