What Global Associations Should Know About the Foreign Corrupt Practices Act

What Global Associations Should Know About the Foreign Corrupt Practices Act

April 27, 2015 By: William G. Scarborough

The FCPA prohibits bribery of foreign officials to gain a business advantage. If your association does business in other countries, you'll need policies and procedures for complying with the act. Having a robust enforcement process could shield you from penalties if an employee or agent of your organization crosses the line.

Going global usually requires associations to rely on third parties in the foreign markets where they wish to do business, whether individual members who create and maintain local chapters or other partners who promote and distribute products and services on the association's behalf. The association should, of course, perform upfront due diligence on these business partners, but that's only the beginning. ...