Current economic challenges have forced companies to take cost-cutting measures to protect the bottom line but these measures could lead to violations of the Foreign Corrupt Practices Act (FCPA).
Some may be tempted to sacrifice needed compliance-related due diligence measures or skirt risk assessments that should be standard operating procedure for all prospective international business transactions. Others may pursue unfamiliar offshore business opportunities, or relationships with unknown or less-trustworthy foreign partners, agents or third-party intermediaries.
These cost-cutting measures are wrong. Management must counter any temptation to cut comers that could result in violations of the Foreign Corrupt Practices Act (FCPA).
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