Wiley Publishes Eighth Edition of FCPA Handbook
Wiley’s Foreign Corrupt Practices Act (FCPA) and Anti-Corruption Practice has published the Eighth Edition of the FCPA Handbook. Since 1977, U.S. companies conducting business with foreign government entities and government officials have had to comply with the FCPA, which prohibits U.S. companies from bribing any foreign official to obtain or retain business. Companies and individuals found in violation of the FCPA may be subject to substantial fines, imprisonment, and/or forfeiture of property.
The handbook reviews the principal provisions of the FCPA, outlines issues and factors likely to signal FCPA-sensitive situations, summarizes recent developments that have returned international bribery and corruption to the political spotlight, and provides guidance on structuring robust and effective compliance programs.
U.S. companies should rigorously review their FCPA compliance programs and ensure that their overseas branches, subsidiaries, managers, and agents are aware of corporate procedures for handling contracts or other business with foreign government entities or involving government officials. A well-conceived compliance program is an essential element for avoiding trouble and, should problems arise, a critical mitigating factor under the corporate sentencing guidelines.
An excerpt of the updated handbook can be read here.
Wiley attorneys are prepared to answer questions on the FCPA and respond to specific corporate compliance and enforcement concerns. For a complete copy of the handbook, or for more information about the FCPA or related anti-corruption issues, please contact one of the authors listed on this alert.
To view the 2021 Annual FCPA Mid-Year Review webinar, click here.
