Complying With Corruption & Bribery Regulations in US, EU, and Asia

by Matt Thorn

on November 10, 2015

Executive Summary

Corporate anti-corruption programs are now essential for small and midsize enterprises engaged in international commerce. This includes SMEs located in Europe, Asia and South America that do business with the United States. Ever since September 11, 2001, there has been stronger enforcement on compliance with the U.S. Foreign Corrupt Practices Act. Countries now realize that corruption may be tied to terrorism, national security challenges and drug trafficking.

The U.S. government has significantly increased its number of enforcement actions and broadened its jurisdiction to reach any SME and transaction that has a connection to the United States. Agents and company employees of SMEs who do not understand the current anti-corruption laws create a corporate liability with potential costly penalties. FCPA civil penalties for corporations in violation are a minimum of $2 million for each company violation and $250,000 for individuals along with five years in prison.

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