What is the FCPA ?
The Foreign Corrupt Practices Act of 1977 (FCPA) is a United States federal law that consists of two main provisions. The first provision prohibits individuals and firms from bribing foreign government officials to benefit their business interests. The second provision is an accounting provision, which requires US-publicly traded companies to keep books and records accurately and fairly reflect the transactions of the corporation.
The FCPA provisions apply worldwide and specifically to publicly traded companies and their personnel, including officers, directors, employees, shareholders, and agents. Criminal penalties for violations of the anti-bribery provisions of the FCPA include fines of up to $2,000,000 for corporations. In order to prevent your business from such unintended consequences, the adoption of a solid FCPA compliance programme is essential.
This solution will help you to adopt FCPA measures and stay compliant with this law.