Developing effective risk management policies to ensure your company’s compliance with the Foreign Corrupt Practices Act
OVERVIEW
Corruption is no longer a viable option for businesses engaged
in international commerce. A number of laws, such as the US ForeignCorrupt Practices Act (FCPA), the UK Bribery Act, and international
conventions, including the UN Convention against Corruption call for
significant limits on the ways that businesses can solicit and conduct their
business transactions. Substantial penalties can apply to businesses that
fail to take proper precautions against corruption. Recent incidents,
such as the Wal-Mart bribery scandal in Mexico or that of Siemens can result in
hundreds of millions, and even billions of dollars in fines and penalties, not
including the cost of legal defense and mitigation measures. This webinar
will help businesses navigate a course of action towards compliance by
utilizing risk management approaches that seek to identify potential threats to
corruption and to institute mitigation measures to lessen the impact of those
threats.
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| Enterprise Risk Management Training |
WHY SHOULD YOU ATTEND
The FCPA makes it unlawful for a US person, and certain foreign
entities doing business in the US to make a payment to a foreign official for
the purpose of obtaining or retaining business for or with, or directing
business to, any person. The FCPA also requires many companies in the
United States to meet certain accounting provisions, including maintaining of
books and records that accurately and fairly reflect the transactions of the
corporation. Companies are also required to devise and maintain an
adequate system of internal accounting controls.
Similar legislation has been passed by the United Kingdom and
other countries, with some varying provisions. Many companies can find
themselves subject to more than one set of these types of laws.
Violations of these laws can result in significant legal and investigative
costs, huge fines and penalties, and resulting reputational loss.
To protect themselves against allegations and instances of
corruption, many corporations are taking steps within their organizations to
help protect their reputation and reduce their exposure through appropriate
risk management techniques. Such techniques include the adoption of
policies and procedures, including the exercise of greater due diligence in
vetting third party intermediaries.
The risk management training will examine how such risk
management programs can be developed and used to help a business meet its
compliance mandate in this regard.
AREAS COVERED
- FCPA requirements
- Other anticorruption related laws
- Types of Risk Management Approaches
- Roles and responsibilities of various business
management and staff in the development and implementation of risk management
- Identifying key areas of risk
- Developing a sound anticorruption policy
- Implementing the policy throughout the organization
- What happens when “something goes wrong”
- Verification and audit of anticorruption policy and
program
WHO WILL BENEFIT
This webinar will provide valuable assistance to all personnel
in:
- Financial institutions
- Manufacturers
- Investors
- International sales representatives
- International traders
- Distributors, especially those engaged in international
transactions
LEARNING OBJECTIVES
The course will expose the learner to the basic requirements of
the FCPA and similar laws, the importance of a company complying with the law,
and various steps a business can take to help it comply with these
requirements.
For more detail please click on this below link:
Email: support@trainingdoyens.com
Toll Free: +1-888-300-8494
Tel: +1-720-996-1616
Fax: +1-888-909-1882
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