Federal Corrupt Practices Act - How Your Institution Can Comply
Duration: 60 Minutes
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Corruption poses a risk to virtually any business. Enforcement actions taken against companies who have either engaged in corruption or who have failed to implement appropriate anti-corruption efforts have increased in recent years. This webinar will discuss the FCPA and potential pitfalls that US businesses must be aware of when conducting overseas business. The presentation will look at the history and development of anti-corruption laws; examine the legal and recordkeeping requirements, as well as the potential penalties and sanctions for violation. Case studies will be presented and guidance provided as to steps a company can take to help prevent it from becoming a target. US businesses conducting activities or transactions overseas need to be aware of the restrictions placed upon them by US law with respect to how contracts may be entered into.
11/07/2018 10:00 AMTraining Topic: Federal Corrupt Practices Act - How Your Institution Can ComplyInstructor: Kenneth Barden
Objectives of the Presentation
Background and history of anticorruption efforts leading up to the FCPA
Key elements of the FCPA
Prohibited practices under the FCPA
Recordkeeping Requirements of FCPA
Investigations and Enforcement
Why Should you Attend
Corruption risks threaten nearly every business and industry. Violations of the FCPA and related laws can results in significant fines and other penalties, disgorgement of profits, imprisonment, loss of reputations and other adverse impacts. The FCPA also imposes specific recordkeeping requirements that can result in penalties, if not properly kept, but can also serve to defend and mitigate against enforcement actions. This webinar will introduce trainees to the basic requirements of the FCPA so that appropriate proactive action to address these threats can be taken.
Requirements of the Foreign Corrupt Practices Act
Applications of the law
Who will Benefit
This webinar will discuss the FCPA and potential pitfalls that US businesses must be aware of when conducting overseas business.
Business compliance officers
Purchasing and procurement agents
Banking and insurance
Infrastructure managers and developers
Procurement and purchasing agents
The Foreign Corrupt Practices Act (FCPA) is the primary legislation used by the United States government to enforce against corruption in business overseas. While the law mainly concerns bribery, the recordkeeping provisions have been used to combat corruption in a number of other areas as well. Significant penalties, such as fines, imprisonment and disgorgement of profits can literally put an offending business out of business.
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