FCPA Considerations to Interact with Foreign Officials

If your business requires you to interact with foreign officials, then you probably already know that the Foreign Corrupt Practices Act (FCPA) prohibits you from paying bribes to foreign officials to assist in obtaining or retaining business. The FCPA also requires you to maintain accurate books and records and have a system of internal controls sufficient to assure compliance with the prohibition.  However, you may not realize just how extensive the U.S. Securities and Exchange Commission (SEC) expects these controls to be or how expensive it can be if you are not careful.

In the attached FCPA Update, Kruse Landa Maycock & Ricks attorneys Betsy Voter and James Kruse share three important compliance points for you to consider.