Americans abroad — Has your company taken anticorruption measures?

Description

Abstract: In today’s global economy, anticorruption laws present an enormous liability risk for public companies. In addition to complying with the Foreign Corrupt Practices Act of 1977 (FCPA), many U.S. companies must comply with the UK Bribery Act 2010 (UKBA), considered by many to be the toughest anticorruption law in the world. As this article explains, even inadvertent violations of the FCPA or UKBA can result in high penalties, so companies need to implement an anticorruption program that extends to both employees and third parties.