Compliance with the Foreign Corrupt Practices Act (FCPA) has emerged as one of the largest enforcement campaigns being conducted by the U.S. government. The FCPA has two provisions: anti-bribery and accounting. The anti-bribery provisions make it a crime for any U.S. individual, business entity, or employee of a U.S. business entity to offer or provide, directly or through a third party, anything of value to a foreign government official with corrupt intent to influence an award or continuation of business or to gain an unfair advantage.
The accounting provisions make it illegal for a company that reports to the SEC to have false or inaccurate books or records or to fail to maintain a system of internal accounting controls. So what happens if your business doesn’t comply with the FCPA? You could face steep government fines, it’s as simple as that.
Carrtegra, LLC ensures FCPA compliance by:
- Investigating bribery and/or ensure your organization’s controls are in compliance with FCPA.
- Evaluating your risks of being involved in international transactions and review or help you develop your international anti-corruption compliance policy.
- Establishing a set of internal controls over your assets and expenditures to prevent and detect inappropriate payments.
- Educating your board, management and employees regarding how to monitor compliance and remain in compliance.
We can also develop a review program so you can easily conduct a review on vendors or third-parties who distribute your products.