FCA and FIRREA Civil Penalties: What Lies Ahead in 2017


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In June 2016, the Department of Justice (DOJ) released a final rule implementing inflationary adjustments to penalty amounts under the False Claims Act (FCA) and the Financial Institutions Reform, Recovery and Enforcement's (FIRREA’s) civil monetary penalties provision. The recent adjustments were made pursuant to the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. DOJ's increased penalties will have substantial implications for companies accused of FCA and FIRREA violations, including increased financial exposure and the possibility of “excessive fines” in the face of little or no provable damage. Listen as an authoritative panel of thought leaders, professionals and practitioners brought together by The Knowledge Group provide the audience with an in-depth discussion of FCA and FIRREA fundamentals as well as recent developments regarding FCA and FIRREA penalties. Speakers will also share best practices and practical tips in addressing the significant issues surrounding this topic.

Key topics include:

  • FCA and FIRREA Basics
  • DOJ’s Increased Penalty Amounts – An Overview
  • Application and Retroactivity
  • Implications and Inferences for Companies and Individuals
  • The Possibility of “Excessive Fines”