Page 41 - Verracy's 2019 Course Catalogue

Ethics and Compliance Essentials for Global Understanding Foreign Corrupt Practices
Companies Act (FCPA) and Penalties

CE-103 16 CE-104 8

CPEs CPEs

Organizations frequently face bribery and corruption situations Congress enacted the U.S. Foreign Corrupt Practices Act
in business dealings. According to Transparency International, (FCPA) in 1977 in response to revelations of widespread brib-
highly corrupt countries far outnumber low corruption countries. ery of foreign officials by U.S. companies. The Act was intended
As a result, there has been a recent surge in legislation across to halt those corrupt practices, create a level playing field for
the globe against bribery and corruption. New international laws honest businesses, and restore public confidence in the inte-
are establishing standards for accounting, the internal control grity of the marketplace. The FCPA prohibits the payment of
environment, and corporate governance. Many of these new bribes to foreign officials to assist in obtaining or retaining busi-
standards focus specifically on an organization’s efforts to prevent ness and applies to anywhere in the world a U.S. organization
bribery. Due to strengthened international enforcement that is does business and extends to agents such as third parties,
more aggressive and more stringent than ever, an organization’s consultants, joint venture partners, and others. To exhibit
exposure for criminal liability has significantly increased. adherence and promote transparency, the FCPA requires the
maintenance of accurate books and records and a system of
Recent high-profile cases such as Odebrecht in South America, effective internal controls.
Keppel Offshore in Singapore, Siemens and Rolls-Royce across
several countries are some examples of how organizations can This course will provide participants with an understanding of
get into trouble due to bribery and corruption. This course will the FCPA requirements, consequences for violations and
educate participants on the elements of an effective Business today’s best practices for effective FCPA compliance programs.
Practices (Ethics and Compliance) Program and how to prevent
and detect organizational misconduct and protect the organi-
zation, its Board, Executives, employees, and its customers and
minimize legal violations and exposure.

What You Will Learn: What You Will Learn:
• Current best practices for effective policies and procedures • Learn what constitutes a bribe, corrupt practice, anything
for Ethics and Compliance of value and improper advantage
• Understand the U.S. Department of Justice’s 2017 Evaluation • Identify who is a foreign official as defined by FCPA
of Corporate Compliance Programs and the U.S. Federal Sen- • Learn the criminal penalties and sanctions imposed for
tencing Guidelines expectations violations and understand extraterritorial enforcement
• Understand common situations where corruption, bribery, • Understand the FCPA Accounting Provision and the System
and collusion are common and the strategies for mitigation of Internal Controls requirement
• U.S. Foreign Corrupt Practices Act (FCPA), the UK Bribery Act, • Understand facilitation payments and when they may be
Canada’s Corruption of Foreign Public Officials Acts allowed and how to avoid violations
• Understand facilitation payments • Learn to recognize red-flag situations
• Learn to identify red flag situations - contract wording, con- • Understand Parent/Subsidiary Liability, Successor and
flicts of interest, gifts, etc. Agent Liability
• How to best implement a Whistleblower Reporting system
and Investigation Protocols
Group Live | 2 Days | Intermediate | Regulatory Ethics Group Live | 1 Day | Intermediate | Regulatory Ethics
Who Should Attend: Risk, Audit & Compliance Professionals Who Should Attend: Risk, Audit & Compliance Professionals
Prerequisites: Professionals with at least 2 years of experience Prerequisites: Professionals with at least 2 years of experience

+1 (877) 332-8708 | verracy.com/training