Foreign Corrupt Practices Act (FCPA) 101
Companies that sell products and services internationally must understand the actions that can lead to criminal prosecution under the U.S. Foreign Corrupt Practices Act (FCPA). The U.S. government has become more active in FCPA enforcement, and a number of senior executives have faced fines, jail sentences and loss of their jobs and reputation. Companies are also facing expensive investigations and criminal cases or complex settlements with the Department of Justice and the Securities and Exchange Commission. Virtually all companies operating internationally will face FCPA issues, and relatively simple preventative measures and compliance steps can help avoid problems when these issues occur. This session will explain the basics of the FCPA and strategies for avoiding violations.