Last year, fashion powerhouse Ralph Lauren Corporation (RLC) agreed to pay $1.6 million to the United States Department of Justice (DOJ) and United States Securities and Exchange Commission (SEC) to resolve allegations of misconduct under the Foreign Corrupt Practices Act (FCPA). RLC allegedly bribed government officials in Argentina to obtain improper customs clearance of merchandise and for illicitly providing expensive gifts to Argentine officials to secure the importation of RLC’s products into Argentina.

As retail and fashion companies expand into foreign markets, it's important for them to note factors that can pose dangers to their companies in relation to the FCPA. 

In the first of a two-part episode of Fashion CounselAnthony Lupo talks with partner Stephen G. Larson about what fashion companies need to know about the FCPA.

Click here to view video.