U.S. Foreign Corrupt Practices Act

Course Description:

The U.S. Foreign Corrupt Practices Act’s main purpose is to prohibit bribing foreign officials, and it applies to misconduct inside and outside the United States. So even if your organization has no direct foreign component, you need to understand the scope of the FCPA to encourage and maintain healthy business ethics within your workplace.

Why “U.S. Foreign Corrupt Practices Act” Matters:

At the completion of this module, the participant will be able to:

• Identify the scope of the U.S. Foreign Corrupt Practices Act
• Recognize who might be counted as “foreign official” under the FCPA
• Adopt ethical business practices, including avoiding all forms of bribery and off-the-books accounting practices
• Avoid violations related to charitable giving
• Recognize exceptions to the FCPA related to payments used to expedite or secure “routine governmental actions”

Key Points:

• The FCPA prohibits bribing foreign officials, directly or indirectly, with the intention of influencing actions or decisions to obtain or retain business.
• The FCPA can apply to conduct anywhere in the world by U.S. or foreign companies.
• Its provisions encompass publicly traded and private organizations.
• Effective compliance programs help by encouraging a culture that won’t tolerate corruption.