The Foreign Corrupt Practices Act ("FCPA") is a U.S. federal law from the late 1970s that prohibits covered entities and individuals from directly or indirectly paying bribes to non-U.S. government officials to obtain or retain business. It also requires companies with securities listed in the United States to maintain accurate books and records, and adequate internal accounting controls. The U.S. Department of Justice ("DOJ") is responsible for enforcing the criminal provisions of the law, and the U.S. Securities and Exchange Commission ("SEC") is responsible for enforcing the civil provisions. This White Paper covers:
- Recent relevant updates to the DOJ and SEC's FCPA Resource Guide;
- Recent enforcement related to conduct in Latin America; and
- Key takeaways for companies with operations in Latin America.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.