Increased Enforcement of the Foreign Corrupt Practices Act
This product provides feedback from leading attorneys on the differences in cultural norms that exist internationally and the challenges companies face to ensure Foreign Corrupt Practices Act compliance when doing business overseas. Passed in 1977, the FCPA aims to prevent overseas bribery by creating guidelines for U.S. companies and executives to follow when interacting with international businesses and government officials. What are the reasons behind, and implications of, recent increased enforcement? What lessons can be learned from Siemens AG's recent plea agreement over FCPA violation charges? How can attorneys assist clients in building compliance programs for international business relations?