- TypeWebinar
- Location Denver, Colorado, United States
- Date 30-11-2017
Business Development
Finance
Accounting/Financial/Banking/Insurance
OVERVIEW
Corruption is no longer a viable option for businesses engaged in international commerce. A number of laws, such as the US Foreign Corrupt 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.
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
WHO WILL BENEFIT
This webinar will provide valuable assistance to all personnel in:
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.
This risk management training discusses about developing effective policies to ensure company’s compliance with the Foreign Corrupt Practices Act. Book now!
26468 E Walker Dr, Aurora, Colorado 80016-6104 Toll Free: +1-888-300-8494 Tel: +1-720-996-1616 Fax: +1-888-909-1882