Risks and strategies for the global enterprise
Government enforcement of anticorruption laws is intensifying both in the United States and abroad. Prosecutions under the U.S. Foreign Corrupt Practices Act (FCPA) have increased dramatically in recent years, as have the penalties for violations. Foreign governments have also stepped up enforcement action, and intergovernmental cooperation is expanding, as countries work together to pursue, prosecute and punish corruption perpetrators.
As some recent high-profile cases have shown, companies that do not take steps to prevent their personnel and agents from engaging in corrupt acts, or do not adequately respond to corruption allegations, can face extraordinarily severe consequences. Conversely, companies that maintain stringent anticorruption controls, can document their diligence, and, when appropriate, cooperate with authorities are generally better positioned to mitigate the damage to their financial health, business operations and reputation, should corruption issues arise.
Learn more in the article attached below.