The FCPA and Transparency International’s 2015 Corruption Perception Index
The Foreign Corrupt Practices Act (FCPA) of 1977 is a United States federal law known primarily for two of its main provisions, one that addresses accounting transparency requirements under the Securities Exchange Act of 1934 and another concerning bribery of foreign officials.
This act was passed to make it unlawful for certain classes of persons and entities to make payments to foreign government officials to assist in obtaining or retaining business.
If you’ve ever wondered about the potential for corrupt dealings in countries, Transparency International provides an annual map rating countries from 100 – 0 for the perception of corruptness there. The higher the number and the darker the blue means a lower perception of corruption. Lower numbers and red colors indicate a higher perception of corruption.
What does this mean for you? If your SEC-registered company is doing business with other countries, especially those with a higher corruption perception, you should probably review the FCPA training you are providing employees.
Click on the map if you’d like to see it larger.
By Turnless – Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=46770207
If you’d like to know more about FCPA training, connect with me and I can provide you with more information.
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