Panelists: LORI PATTERSON, CATHERINE DEBONO HOLMES, ROBERT CORNISH, CHRISTOPHER GABBARD
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May 27, 2015Moderated by
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FCPA prohibits an offer to provide money (or anything of value) to a foreign government official (including any employee of state-owned or state-run enterprise), to obtain, retain, or direct business for an improper business advantage.
Certain countries are regarded as having a higher degree of endemic business corruption ( and thus potential 3rd-party risk). The respected Transparency International Index of Perceived Corruption lists its highest risk countries (of significant transaction volume) as:
Russia | China | Pakistan | India | Vietnam | Brazil
Investments in or from these countries compel a heightened level of diligence, and will attract greater regulatory scrutiny.