UK BRIBERY ACT – FOREIGN CORRUPT PRACTICES ACT – DUE DILIGENCE INVESTIGATIONS
The world of business is getting smaller and smaller. Companies of all sizes are doing business around the world. International Merges and Acquisitions are a daily occurrence. Businesses have vendors on the other side of the globe who they have never met or seen their operation.
Over the past few years, anti-corruption laws have evolved in many countries largely as a result of the Organization for Economic Co-operation and Development’s (OECD’s) Anti-Bribery Convention 1997, UK Bribery Act and Foreign Corrupt Practices Act (FCPA)whose signatories agreed, among other things, to adopt domestic legislation to criminalize the bribery of foreign public officials, to provide international assistance in prosecuting these type of cases, and to introduce corporate and personal liability for bribery. As at August 2013, the following 40 countries, including the US, are signatories to the OECD Anti-Bribery Convention.
It is essential that a company conducts a proper due diligence investigation when considering entering a relationship with either a foreign representative or a foreign business partner. McLaughlin Investigative Group, Inc.’s global, trusted and vetted network of professional resources will help protect your business and reputation.