Alessa’s Post

The Foreign Corrupt Practices Act (FCPA) serves as a cornerstone regulation to combat bribery of foreign officials and foster integrity within international business practices. It outlines two key areas of focus: anti-bribery provisions and accounting requirements. View an overview of these provisions and best practices to ensure compliance and mitigate fraudulent activity and reputational damage. https://hubs.la/Q030zThY0 #AML #compliance

The Foreign Corrupt Practices Act (FCPA) serves as a cornerstone regulation to combat bribery of foreign officials and foster integrity within international business practices. It outlines two key areas of focus: anti-bribery provisions and accounting requirements. View an overview of these provisions and best practices to ensure compliance and mitigate fraudulent activity and reputational damage. https://lnkd.in/gHvDvfCE #AML #compliance #fraudmanagement #riskmanagement #FCPA

A great summary for compliance professionals to understand the tone of the enforcement actions and the discretion. The article provides insights for executives to appreciate the power of corrective action. #Settlement #FCPA #Remediation #Monitorship

Cutting Corners? Here’s the $1.1M Bill: What happens when a global player in aerospace, defense, and industrial markets loses sight of the rulebook? A hefty $1.1 million (~INR 9 crores) slap on the wrist and a harsh reminder from the SEC. 🚨 A New York-based manufacturer recently got caught in the turbulence of the Foreign Corrupt Practices Act (FCPA) after its Indian subsidiary bribed officials between 2020 and 2022 to secure business. The tactics? A cocktail of cash bribes, third-party agents, and some seriously dodgy paperwork. All this, to tilt public tenders in their favour and push out competitors. Not exactly a "smooth landing." 🛬 The SEC’s enforcement action emphasizes a crucial point: international companies must have robust compliance and internal accounting controls, especially when dealing with third-party payments. Weak systems are a breeding ground for corruption, and when things fall apart, you’re left picking up not just the pieces but hefty fines too. 💸 Key takeaway? Compliance isn't just a checkbox — it's your company’s best defense against landing in hot water. Keep your controls as tight as your contracts, or risk paying the price in more ways than one. Full article linked below 👇 https://lnkd.in/dQx2iZdJ #ComplianceMatters #FCPA #CorporateGovernance #BusinessEthics #AntiCorruption #RiskManagement #InternalControls

FCPA Enforcement: As enforcement actions under the Foreign Corrupt Practices Act (FCPA) ramp up, it has become increasingly important for global businesses to understand the key provisions and consequences of the FCPA Read the full article - Link here - https://ow.ly/HZmi50Tp05k #FCPAEnforcement #GlobalBusiness #AntiCorruption #LegalNews #ComplianceMatters #CorporateGovernance #RegulatoryCompliance #BusinessEthics #LegalInsights #CorporateLaw #acc #corporatecounsel #generalcounsel #inhousecounsel #corporatelaw #fractionalgc #commerciallaw #businesslaw

Our Autumn 2024 #FCPA Review is live, covering enforcement actions against corporations and individuals, policy and legislative developments, and international developments during the last quarter: https://bit.ly/3YKYpmw Editors: John Davis, Daniel Patrick Wendt, and Alex Beaulieu Contributors: Katie Cantone-Hardy, Nicole Gokcebay, Julia Herring, Manuela Jaramillo, Therese Kuester, Manuel Levitt, Aditi Patil, and Sandeep Prasanna #DOJ #SEC #FEPA #FCPAenforcement #anticorruption

#PCAOB sanctions three #auditors for failures relating to audit evidence, scepticism, and other violations – engagement partners barred, practice limitation on engagement quality review partner imposed and $130,000 in fines. Check it out https://lnkd.in/gWyhjdXA Learn the session as part of your audit quality programs.

FCPA Enforcement: As enforcement actions under the Foreign Corrupt Practices Act (FCPA) ramp up, it has become increasingly important for global businesses to understand the key provisions and consequences of the FCPA Read the full article - Link here - https://ow.ly/HZmi50Tp05k #FCPAEnforcement #GlobalBusiness #AntiCorruption #LegalNews #ComplianceMatters #CorporateGovernance #RegulatoryCompliance #BusinessEthics #LegalInsights #CorporateLaw #acc #corporatecounsel #generalcounsel #inhousecounsel #corporatelaw #fractionalgc #commerciallaw #businesslaw

Please check out our latest FCPA Review, covering developments from the third quarter of 2024. It was an active quarter with new enforcement actions (including a "declination with disgorgement" - a phrase that reminds me of the creature bursting out of John Hurt in Alien), actions against individuals, FEPA updates, ECCP updates, news on the DOJ whistleblower program, and international developments. The Introduction alone is worth a read. Enjoy! #FCPA #anticorruption #FEPA #compliance

Everything you wanted to know about key developments in the anti-corruption space in 2023!