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FCPA

The Foreign Corrupt Practices Act (FCPA) prohibits U.S. persons and businesses (domestic concerns), U.S. and foreign public companies listed on stock exchanges in the United States, and certain foreign persons and businesses from making corrupt payments to foreign officials to obtain or retain business. The FCPA holds companies responsible not only for their own actions but also for the actions of their third-party intermediaries with whom they are conducting business. Complying with the FCPA is a challenging undertaking as the components of an effective program vary from company to company – no one size fits all. Given the average volume of intermediaries that multinationals engage, legal and compliance teams often struggle with establishing and maintaining a robust third-party due diligence program. We’ve provided a few resources below to help you understand how the FCPA relates to third parties. Learn more:

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To learn more about how we can help your organization build a risk-based, credible and defensible third-party compliance program contact a STEELE client director now.