Foreign Corrupt Practices Act (FCPA)

  • 13 topics | 43m 59s
  • Up to 30 languages
  • Transcripts
US firms seeking to do business in foreign markets must be familiar with the Foreign Corrupt Practices Act (FCPA). The Act prohibits corrupt payments to foreign officials for the purpose of obtaining or keeping business. This course provides an overview of the FCPA. It illustrates how the Act can impact your business and gives advice on the steps you can take to make sure that your business adheres to the provisions of the Act.This course was developed with subject matter support provided by The Potomac Law Group, PLLC. Please note, however, that the course materials and content are for informational purposes only and do not constitute legal advice and may or may not reflect the most current legal developments. Nothing herein, or in the course materials, shall be construed as professional advice as to any particular situation or constitute a legal opinion with respect to compliance with legal statutes or statutory instruments. Transmission of the information is not intended to create, and receipt does not constitute, an attorney-client relationship. Readers should not act upon this information without seeking independent legal advice.

WHAT YOU WILL LEARN

  • recognize the two categories of FCPA provisions
  • identify the reason for the 1988 amendment to the FCPA
  • identify the advantages of complying with the FCPA
  • recognize the FCPA provision categories and the advantages of complying with the FCPA
  • identify the areas covered by the anti-bribery provisions of the FCPA
  • identify the elements used to determine whether an action constitutes a violation of the FCPA
  • identify anti-bribery provisions and elements used to determine violations of the FCPA
  • recognize affirmative defenses to violations of the FCPA
  • identify affirmative defenses to violations of the FCPA
  • identify the two accounting requirements for US companies imposed by the FCPA
  • identify the fines and penalties that can be imposed on a business or individual under the FCPA
  • identify the accounting requirements for US companies and the penalties that can be imposed on businesses and individuals
  • identify the best practices for compliance with the FCPA
  • identify red flags that signal FCPA violations
  • determine if transactions in a given scenario are likely to violate the FCPA (as examples)
  • identify best practices for FCPA compliance and determine red flags or scenarios that might signal violations

IN THIS COURSE

  • Foreign Corrupt Practices Act (FCPA)
    1m
  • FCPA Provisions
    4m
  • Knowledge Check: Understanding the FCPA
    3m
  • FCPA Anti-bribery Provisions
    6m
  • Knowledge Check: Anti-Bribery Provisions
    3m
  • Affirmative Defenses to FCPA Violations
    4m
  • Knowledge Check: Affirmative Defenses to Violations
    1m
  • Accounting Requirements
    1m
  • Penalties and Enforcement under the FCPA
    2m
  • Knowledge Check: FCPA Requirements and Enforcement
    2m
  • Identifying Best Practices for Compliance
    5m
  • Red Flags for FCPA Violations
    2m
  • Knowledge Check: Best Practices and Red Flags
    5m

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