According to the Transparency International’s Corruption Perceptions Index, the Central American region is classified as a high-risk region.
One of the most important challenges faced by transnational corporations nowadays is the increase of their responsibility when dealing with corruption, fraud or any other unethical conducts in the global market. In order to mitigate corruption risks, companies must incorporate solid and robust anti-corruption compliance programs.
The Anti-Corruption Compliance Practice of BLP provides a tool for your company in identifying and managing corruption-related risks. Our team will provide you with tailor-made solutions and will develop solid anti-corruption programs for your company, procuring the compliance with the highest ethics international standards.
Our Practice is responsible for providing legal assistance to companies in order to assure their compliance with the domestic and international laws and treaties on anti-corruption issues; specifically with regards to the US Foreign Corrupt Practices Act (“FCPA”).
Risks to be mitigated are: reputational risks, high economic fines, loss of business, and even imprisonment of individuals.
What is the FCPA?
The FCPA is a federal law of the United States of America that prohibits any offer, payment, promise to pay, or authorization of the payment of money or anything of value to any Government Official, directly or indirectly, with the purpose of influencing any act or decision of such a Government Official in order to provide any improper advantage to obtain or retain a business.
FCPA’s long arm jurisdiction may cover certain actions that occur outside the United States and involves citizens or corporations that aren’t necessarily from the United States, but that their operations have certain (even minimum) nexus with the United States. Because of FCPA’s long arm and extraterritorial jurisdiction, the FCPA’s compliance is essential for your business.
- Review of current internal practices and proceedings of the company in order to identify current risks (“Anti-Corruption Risk Assessment”).
- Identify risks, based on the special characteristics of the industry and region.
- Provide tailor-made alternatives for corruption risk mitigation.
- Drafting and implementation of the anti-corruption compliance program, including procedures and company policies.
- Monitoring of the anti-corruption compliance programs.
Furthermore, we offer training sessions for executives and personnel in anti-corruption matters and in the implementation of the anti-corruption compliance program and policies.