The Foreign Corrupt Practices Act - excellent variant
View Products Sign In. View Courses Learn More. Our online continuing education courses offer current and applicable information that you'll be able to use long after the course is completed. Written by industry experts, our continuing education courses are designed to keep you engaged with audio capabilities and interactice elements. WebCE's continuing education courses cover topics across many industries and disciplines and are designed to give you pertinent real life scenarios in which you'll be able to relate your education to your professional career. Certain professions require continuing education to comply with state and industry-specific laws, remain licensed or certified, or maintain membership in an association or licensing body. Whether you are an individual looking to take continuing education courses or a corporate office implementing workplace training, WebCE has a focused solution to meet your needs. The Foreign Corrupt Practices ActThe purpose of the FCPA was to remedy the problem and create a level playing field for American businesses by ending the corruption and restoring public confidence in the integrity of the marketplace.
To learn more about the background and history of the Foreign Corrupt Practices Act, see Part 1 of this series. To learn more about the enforcement and penalties of the Foreign Corrupt Practices Act, see Part 3 of this series. The provisions of the FCPA can be applied anywhere in the world, and in certain circumstances, even where there is no U.
The purpose of the payment must also be considered.
Full Foreign Corrupt Practices Act (FCPA) Series
As Congress explained, the corrupt act does not need to have succeeded nor been completed. As long as corrupt intent is present, The Foreign Corrupt Practices Act promising, offering, or planning a TThe payment is unethical and a violation of the law. Routine governmental action encompasses ordinary and common actions performed by a government official, including but not limited to:. Routine governmental action does not include any decision by a foreign official about https://amazonia.fiocruz.br/scdp/blog/purdue-owl-research-paper/minding-the-business-of-college-athletic-programs.php to award new business or to continue business with a company, nor any action taken by a foreign official involved in the decision-making process that encourages a decision to award new business or continue business with a company.
Local practices, customs, and other unwritten policies do not qualify for the local law affirmative defense.
Thus, the fact that bribes may not be prosecuted under local law is insufficient to establish the defense. The accounting provision of the FCPA has two requirements regarding 1 books and records; and 2 internal controls.
The provision does not require companies to implement a specific set of controls. For more information about the FCPA, see the the full series:. Click for Review. Toggle navigation. Connect With Us:.
Foreign Corrupt Practices Act (FCPA) Provisions
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