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AmCham Indonesia, with the support of the Center for International Private Enterprise (CIPE), organized a morning discussion on Feb 28 to delve into the implications of the new US Foreign Extortion Prevention Act (FEPA). The act empowers US law enforcement to prosecute foreign officials involved in demanding or accepting bribes from American entities, companies listed on US-based stock exchanges, or individuals within the United States.

The objective of the discussion was to provide participants with valuable insights into how this law could be applied within the Indonesian context, and help understand and navigate the legal landscape and compliance requirements.

Scott Greytak, the Director of Advocacy at Transparency International US, explained the provisions of the law and provided perspectives on its potential implementation by the US Department of Justice. He highlighted how FEPA could subject corrupt foreign officials to the same standards as US companies, thereby introducing consequences for widespread bribery demands.

The event, conducted in a hybrid format, also featured Erry Riyana Hardjapamekas, former Corruption Eradication Commission (KPK) commissioner and Chair of Koalisi Anti Korupsi Indonesia (KAKI), who expressed optimism regarding Indonesia's anti-corruption efforts. Frank Brown, Director of the Anti-Corruption & Governance Center at CIPE, was also among the attendees, contributing to the discourse on combating corruption.

The event was sponsored by a new program unveiled by CIPE in Indonesia to Galvanize the Private Sector as Partners in Combating Corruption (GPS), with the support of the US State Department.

For opportunity for additional visibility please contact: [email protected]