With Cuba a recent hot topic and the Obama administration working to pave the way for a diplomatic relationship, many are preparing for what Buchanan Ingersoll & Rooney Shareholder Matthew J. Feeley writes is a “21st century gold rush.”

In an article he authored, titled “Prepare to Compete in the Cuban Market and Comply with FCPA,” Feeley writes that buyers should be cautious if the Cuban market does open to U.S. business interests. This caution comes as a result of the risk that U.S. entrants could face of violating the U.S. Foreign Corrupt Practices Act (FCPA) when they seek to do business in Cuba.

Published in the Daily Business Review, Feeley’s article says that, “Failure to comply with the FCPA can result in fines, staggering professional fees, whistleblower awards, prison sentences and damage to a company's reputation.” 

Learn more about other implications that may affect future business in Cuba by reading the full article – “Prepare to Compete in the Cuban Market and Comply with FCPA” (Daily Business Review, June 9) Subscription required.