Credit: yellow_man / Adobestock Beyond Borders: Navigating Global Business Compliance With the FCPA
Companies with any international operations should ensure they have a robust written policy and compliance program focused on anti-bribery and corruption. This is especially true where companies have foreign subsidiaries or engage third parties in foreign countries for sales, consulting and other activities.
March 22, 2024 at 11:22 AM
8 minute read
On March 7, the Department of Justice (DOJ) announced a new whistleblower reward program intended to help prosecutors bring more foreign corruption cases. Under the new program, individuals who report corporate misconduct can earn a share of any resulting DOJ forfeiture. This comes on the heels of one of the world's largest commodity trading firms agreeing to pay about $661 million after admitting to bribing Ecuadorean officials. These events reinforce anti-bribery and corruption laws as one of the significant compliance risks companies face in an increasingly competitive global marketplace.
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