Be prepared — and compliant. ###
This Wall Street Journal article (subscription required) reports that the U.S. Justice Department has carried out a dozen prosecutions so far in 2010 – on the heels of conducting 19 prosecutions in 2009.
“The U.S. Foreign Corrupt Practices Act (FCPA) was implemented while disco still ruled the airwaves,” notes ACL Services Steve Biskie in this AuditNet article that serves as a useful FCPA primer (with a perspective on how analytics can aid the compliance effort).
The act, as Biskie notes, materialized 33 years ago – yet it has been making headlines (and comic strips) with greater frequency in recent years.
FCPA compliance has emerged as an increasing risk, of course, because more companies of all sizes are doing business with trading partners in Elbonia and every other nook and cranny on our shrinking globe.
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