MyComplianceOffice Blog

The Foreign Corrupt Practices Act of 1977 (FCPA) is a United States law and prohibits firms and individuals from paying bribes to foreign officials in pursuit of business deals. In the past years, we haven’t seen many FCPA-related trials, however, in 2019 we saw the FCPA convicting four defendants in three trials.

The Organization for Economic Cooperation and Development (OECD) Working Group on Bribery in International Transactions recently took aim at Japan’s efforts to combat bribery of foreign public officials.  

It’s a tricky thing to understand what a high-performing compliance program actually looks like. Aside from activities and checklists and even anonymous tips, a high-performing compliance program must include the human element. Do we, as a company, believe we’re always doing the right thing? Because in the end, that is what compliance is all about.

We’ve been fortunate to work with and have at MCO some of the most respected leaders in the compliance space. And from them, we’ve crafted a few best practices for high-performing compliance programs that everyone can easily put into place.

The UK Bribery Act was implemented nearly eight years ago, but no case law exists to offer organizations an interpretation of corporate hospitality rules. The sole source of guidance to date has been from the Ministry of Justice in 2011.  

Summer and 2018 are flying by! The DOJ has been busy with FCPA related enforcement and announcements. Catch up now with our Mid-year report.