Foreign Corrupt Practices Act (FCPA) Compliance
Doing business internationally can be very profitable, but it can also present some interesting challenges and legal risks. When conducting international business, many companies confront issues such as language and cultural differences, as well as different philosophies on handling business transactions. These differences may lead to legal problems, including allegations of bribery and corruption costing companies millions of dollars. Clark Hill can help keep your company compliant with the current rules and regulations.
Compliance is a Process, Not an Event
Identify and Assess Risk Areas
- Is the company aware of compliance requirements?
- Have any processes or procedures been put in place?
- Are there immediately identifiable red flags?
Develop or Revise Policies and Procedures
- Assist employer to establish or amend processes and procedures to ensure FCPA filings are completed correctly and timely.
- Advise on proper storage, retention and destruction policies.
- Establish policies in the event of audit or investigation.
Train and Educate
- Prepare materials and conduct training for management and employees on FCPA compliance.
- Continually advise on new rules and regulations and ways to protect the company
Monitor and Audit
- Monitor efficacy of, and compliance with, FCPA policies and procedures.
Revise and Adapt
- Revise policies and procedures to increase efficiencies, correct deficiencies and adapt to changes in FCPA rules and regulations.
- Advise and defend companies subject to FCPA audit.
- Negotiate with government agencies to reduce fines and penalties for non-compliance.