Third Parties: The Achilles’ Heel of FCPA Compliance
An article from Business Crimes Bulletin
While third parties may play a vital role in guiding U.S companies through market structures and cultural issues that can make growth in emerging markets challenging, absence of a robust Foreign Corrupt Practices Act (FCPA) compliance program can expose entities to a heightened risk of violations of the FCPA and other anti-corruption laws and regulations, including the UK Bribery Act.
In this article that featured in Business Crimes Bulletin, Toby Bishop, director, Deloitte Forensic Center, and John Leonard, senior manager in the Deloitte Forensic practice, both at Deloitte Financial Advisory Services LLP, explain why it makes sense for companies to enhance the effectiveness of their anti-corruption programs in mitigating today’s FCPA and other corruption risks.
The article also discusses key findings of the Deloitte Forensic Center’s Anti-Corruption Practices Survey 2011, some common due diligence pitfalls, and steps in-house counsel may find useful to help drive an efficient FCPA compliance program.
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