Congress enacted the U.S. Foreign Corrupt Practices Act (FCPA) in 1977 in response to revelations of widespread bribery of foreign officials by U.S. companies. The Act was intended to halt those corrupt practices, create a level playing field for honest businesses, and restore public confidence in the integrity of the marketplace. The FCPA prohibits the payment of bribes to foreign officials to assist in obtaining or retaining business and applies to anywhere in the world a U.S. organization does business and extends to agents such as third parties, consultants, joint venture partners, and others. To exhibit adherence and promote transparency, the FCPA requires the maintenance of accurate books and records and a system of effective internal controls.
This course will provide participants with an understanding of the FCPA requirements, consequences for violations and today’s best practices for effective FCPA compliance programs.