Foreign Corrupt Practices Act: What You Need to Know

Date & Time
25 May 2021 -
12:00 pm - 1:00 pm GMT-0500

Details

You’ve certainly heard of bribes and corruption occurring in the business of international trade, but do you really know the definition of bribery or in how many forms it can come?

The Foreign Corrupt Practices Act (FCPA) was enacted in the United States in 1977 in response to widespread bribery of foreign officials by U.S. companies. Beyond bribery, it also sets guidelines for what appropriate recordkeeping and accounting practices, as well as guidelines for maintaining strong internal controls and compliance.

The U.S. Securities and Exchange Commission (SEC) and the U.S. Department of Justice (DOJ) both have enforcement jurisdiction for the FCPA, and they take this job pretty seriously. From 1977 to present, people who have criminally violated the FCPA have been sentenced to an average of 29 months in prison, and the severity of punishment is on the rise. The largest fine doled out by DOJ was more than $2.6 billion dollars in 2016.

With so much on the line, you really can’t afford not to be aware of the FCPA.

An effective compliance program integrates anti-corruption provisions into all aspects of your company. This webinar will help you understand the basics of the FCPA and how to make sure your company is compliant.

Join us on Tuesday, May 25, beginning at 1:00 pm EDT | 12 pm CDT | 11 am MDT | 10 am PDT for this important topic. Your instructor, Bailey E. Reichelt, is a U.S. based international trade attorney specializing in regulatory compliance of emerging companies in the aerospace and tech industries. Her expertise includes export controls, anti-corruption laws, foreign direct investment, and defense specific compliance. Other expertise includes corporate structure, U.S. government contracting, and international contracting.