Foreign Corrupt Practices Act (FCPA)


Overview/Description
Target Audience
Prerequisites
Expected Duration
Lesson Objectives
Course Number
Expertise Level



Overview/Description

US firms seeking to do business in foreign markets must be familiar with the Foreign Corrupt Practices Act (FCPA). The Act prohibits corrupt payments to foreign officials for the purpose of obtaining or keeping business. This course provides an overview of the FCPA. It illustrates how the Act can impact your business and gives advice on the steps you can take to make sure that your business adheres to the provisions of the Act.

This course was developed with subject matter support provided by The Potomac Law Group, PLLC. Please note, however, that the course materials and content are for informational purposes only and do not constitute legal advice and may or may not reflect the most current legal developments. Nothing herein, or in the course materials, shall be construed as professional advice as to any particular situation or constitute a legal opinion with respect to compliance with legal statutes or statutory instruments. Transmission of the information is not intended to create, and receipt does not constitute, an attorney-client relationship. Readers should not act upon this information without seeking independent legal advice.



Target Audience
All employees

Prerequisites
None

Expected Duration (hours)
0.7

Lesson Objectives

Foreign Corrupt Practices Act (FCPA)

  • Foreign Corrupt Practices Act (FCPA)
  • recognize the two categories of FCPA provisions
  • identify the reason for the 1988 amendment to the FCPA
  • identify the advantages of complying with the FCPA
  • Knowledge Check: Understanding the FCPA
  • identify the areas covered by the anti-bribery provisions of the FCPA
  • identify the elements used to determine whether an action constitutes a violation of the FCPA
  • Knowledge Check: Anti-Bribery Provisions
  • recognize affirmative defenses to violations of the FCPA
  • Knowledge Check: Affirmative Defenses to Violations
  • identify the two accounting requirements for US companies imposed by the FCPA
  • identify the fines and penalties that can be imposed on a business or individual under the FCPA
  • Knowledge Check: FCPA Requirements and Enforcement
  • identify the best practices for compliance with the FCPA
  • identify red flags that signal FCPA violations
  • determine if transactions in a given scenario are likely to violate the FCPA (as examples)
  • Knowledge Check: Best Practices and Red Flags
  • Course Number:
    lchr_01_d41_lc_enus

    Expertise Level
    Everyone