Online FCPA Training Course
The Foreign Corrupt Practices Act training course focuses primarily on the FCPA law. Please view our Global Anti-Corruption Training Course if you are interested in UK Bribery Act training, FCPA training and compliance training for global anti-bribery laws. With the increasing globalization of our economy, companies are faced with new challenges, as well as new opportunities. Part of this new environment is compliance with laws such as the Foreign Corrupt Practices Act, or FCPA, that regulate the way U.S. companies transact international business. Our online FCPA training course profiles the recent anti-corruption laws enacted in 1977. The FCPA was a response to government findings that hundreds of U.S. companies, including many of the Fortune 500, were using cash and “slush funds” to make questionable or illegal payments to foreign government officials, politicians and political parties. This FCPA training course examines the purpose of the FCPA laws intended to halt the bribery of foreign officials and restore public confidence in the integrity of the American business system. Recent international initiatives, including the Inter-American Convention against Corruption and the OECD’s Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, have refocused the world’s attention on anti-corruption issues. Major U.S. trading partners are enacting legislation similar to the Foreign Corrupt Practices Act. These international efforts to battle corruption mean that U.S. companies can compete on the merits with increasing certainty that they will not be undercut by a competitor’s illicit payment to a foreign-government purchaser. They also mean that there is an increased emphasis on enforcement of anti-corruption legislation worldwide, and particularly of the FCPA within the U.S., making company compliance with FCPA laws more important than ever.
Online FCPA Training Course Summary
This 35-minute FCPA training course explains the FCPA and global anti-corruption measures in simple, understandable terms. The training course includes pop quizzes, news clippings and a final quiz highlighting real-world compliance issues that employees should learn to recognize and respond to appropriately.
The topics covered in the FCPA training course include:
■ FCPA Training and Legal Overview
■ Why Anti-Corruption Laws are Important
■ Scope of the Foreign Corrupt Practices Act
■ Prohibited Recipients and Illegal Payments
■ Intent and the “Knowing” Standard
■ Due Diligence and “Red Flags”
■ Exceptions and Defenses
■ FCPA Compliance in Accounting and Recordkeeping
■ Penalties for FCPA Compliance Violations