FCPA Compliance: Meeting FCPA Requirements and Minimizing Liability Risks

Description

Any company conducting business internationally needs to be aware of the compliance risks under the Foreign Corrupt Practices Act (FCPA) and other anti-corruption laws. Challenges abound. The handling of gifts and hospitality to and from government representatives requires a determination of whether a gift is a lawful expression consistent with a country’s culture or one that constitutes bribery. Gifts, travel, and entertainment are high risk areas for which companies need to implement safeguards to ensure compliance.

Risks also arise in relationships with agents and other third parties. Conducting thorough third-party due diligence can mean the difference between value added to the company and problems that lead to an investigation.

The FCPA also includes accounting, recordkeeping, and internal control requirements that obligate companies subject to SEC jurisdiction to have policies and procedures that ensure appropriate authorization and recording of all transactions to maintain accurate and detailed books and records. Failure to comply can result in significant fines and penalties.

Listen as our authoritative panel of experienced practitioners examines the requirements of the FCPA and other anti-bribery laws, and provides insights into the compliance challenges associated with gifts and hospitality, third party due diligence, and maintaining appropriate internal controls. The panel will also discuss recent enforcement action in the context of offering best practices for compliance.