Course Description
Skills You Will Learn
- Anti-Bribery And Corruption
- Foreign Account Tax Compliance Act
- Foreign Corrupt Practices Act
- International Regulatory Compliance
- Trade Compliance
- Certified Anti-Money Laundering And Fraud Professional (CAFP)
What You'll Learn
- Understand the purpose of the Foreign Corrupt Practices Act and why it was implemented
- Identify corruption, bribery, and red flags relevant to FCPA compliance
- Explain FCPA anti-bribery provisions, including the business purpose test, affirmative defenses, and facilitating payments
- Apply FCPA accounting provisions covering books and records and internal controls
- Recognize FCPA violations, enforcement, and the role of self-disclosure and cooperation
- Create an effective compliance program through risk assessment
Key Takeaways
- The Foreign Corrupt Practices Act was implemented to end the widespread bribery and corruption found throughout US organizations in the 1970s.
- The FCPA is designed to prevent bribery of foreign officials and to ensure organizations' books and records are accurate.
- Organizations must meet specific requirements to be in compliance with the FCPA.
- The course covers both the anti-bribery provisions and the accounting provisions, including internal controls.
- Building an effective compliance program involves risk assessment and understanding violations and enforcement.
Frequently Asked Questions
What is the Foreign Corrupt Practices Act course about?
The course introduces you to the FCPA, which is designed to prevent bribery of foreign officials and ensure organizations' books and records are accurate, and explains what organizations are required to do to be in compliance.
What topics does this course cover?
It covers corruption, bribery, red flags, FCPA violations and enforcement, self-disclosure and cooperation, anti-bribery provisions, the business purpose test, affirmative defense, facilitating payments, accounting provisions, books and records, internal controls, effective programs, and risk assessment.
Why was the FCPA created?
In the 1970s, bribery and corruption were widespread throughout US organizations, and the Foreign Corrupt Practices Act was implemented to put an end to these practices.
What skills will I gain from this course?
The course builds skills in anti-bribery and corruption, the Foreign Corrupt Practices Act, international regulatory compliance, trade compliance, and related compliance areas.
Does the course include knowledge checks?
Yes, the course includes multiple 'Test Your Knowledge' lessons throughout to check your understanding.
