David Nolan, Vice President of Klink & Co., has a featured article in the April 2017 issue of Compliance & Ethics Professional. The article, which is titled FCPA Due Diligence: Starting 2017 On the Right Note, addresses how it is essential to identify and mitigate risk in order to be compliant with global anti-bribery laws. In fact, failure to do so can result in criminal and civil penalties.
The article highlights the need to:
Identify the risks involved when using third parties or acquiring a business outside the U.S.
Determine the risk levels and research needed for information gathering from the third party or merger and acquisition (M&A) target.
Decide which due diligence measures to undertake in order to reduce these risks.
Understand the basic requirements to be compliant with the two principal global laws: the Foreign Corrupt Practices Act (FCPA) and the UK Bribery Act.
Identify gaps in your compliance activities to mitigate regulatory risks, reduce the likelihood of fraud, and minimize costs.