As an increasing number of companies take their businesses abroad, it is important to be educated on the Foreign Corrupt Practices Act (FCPA) and how to safeguard yourself from possible allegations of corruption. Popular news and technology Blog Digitalolympus.com will outline measures your company can take to avoid the pitfalls that may occur when doing business in a foreign nation.
Long Island, NY -- (SBWIRE) -- 12/14/2012 -- You may be thinking of taking your company abroad or you may already have a foreign location. Whatever your current position, it is vital that you become fluent in the guidelines of the Foreign Corrupt Practices Act (FCPA) and educate your staff as well. Digitalolmpus.com will take a close look at the policy and outline a checklist of do’s and don’ts especially at a time when FCPA is being strictly enforced.
FCPA was enacted in 1977 and amended in 1998 for the purpose of outlawing payments to foreign government officials as bribery for helping companies obtain or maintain business in their country. This is especially true in countries where corruption is rampant. Understanding FCPA and knowing your rights will mean staying clear of paying high penalties and avoiding criminal prosecution. It is always very important to have a relationship with a litigation support team in case legal action is taken against your company.
Navigating the waters of a foreign government is a daunting task and that is why it is best to employ a team of experts in anti-corruption laws. This team may consist of former United States and foreign prosecutors, auditors, compliance experts and senior law enforcement officials who will carry out extensive investigations to assist you in the decision making process. With the guidance of a FCPA and anti-corruption team, you can conduct your due diligence before making commitments abroad.
“The legal implications and responsibilities of opening a company overseas are tremendous. We feel it’s our duty to inform our readers on the steps they can take to protect themselves,” says a Digitalolympus.com spokesperson.
Digitalolympus.com understands how important your business and the livelihood of your staff are to you. Being educated and having a team of experts in FCPA regulations and anti-corruption is your first defense against corruption abroad. It is your responsibility to take precautionary measures to avoid devastating consequences.
For more information on the upcoming article on the Foreign Corrupt Practices Act (FCPA) and how to avoid the pitfalls, please visit www.Digitalolympus.com.
Digitalolympus.com is an online news Blog dedicated to educating its readers on the latest technology advances. They are committed to gathering information on up and coming technologies that will enhance the lives of their readership. Digitalolympus.com is always at the forefront of technology news and events guiding its readers to accurately determine the best course of action for themselves and their businesses.