Anti-Corruption Law's Third-Party Perils

Most companies with an international footprint are already well versed in the dangers and compliance challenges presented by the Foreign Corrupt Practices Act. More than a decade of aggressive US enforcement and massive fines are hard to miss. Around the globe, companies continue to wrestle with que...

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Bibliographic Details
Published in:The National Law Journal & Legal Times 2016-01, Vol.38 (20), p.10
Main Authors: Webb, Dan, Adkins, Robb
Format: Article
Language:English
Subjects:
Compliance
Corruption
Due diligence
Federal legislation
Online Access:Get full text
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Summary:Most companies with an international footprint are already well versed in the dangers and compliance challenges presented by the Foreign Corrupt Practices Act. More than a decade of aggressive US enforcement and massive fines are hard to miss. Around the globe, companies continue to wrestle with questions about what due diligence is required with respect to transnational joint venture partners, targets for acquisition, distributors, vendors and other third parties. No single factor standing alone is dispositive and key to effective due diligence and no amount of due diligence can be completely effective in eliminating improper conduct by third parties.
ISSN:2163-8756