This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

FCPA Guide Underscores The Importance Of Risk-Based Due Diligence





NEW YORK, Nov. 27, 2012 /PRNewswire/ -- The term ' due diligence' is mentioned 76 times in the newly released Resource Guide to the U.S. Foreign Corrupt Practices Act (FCPA Guide) where, over the past four years, corporations have paid more than $2 billion in fines arising from FCPA violations.

According to the FCPA Guide, risk-based due diligence is critical to the detection and prevention of corrupt activities, the cornerstone of an effective anti-corruption program, and a key factor taken into consideration by the U.S. Department of Justice (DOJ) and Securities and Exchange Commission (SEC) in declining to pursue FCPA violations.  The FCPA Guide underscores the importance of risk-based due diligence in two areas considered the most common sources of corruption risk - third-party intermediaries and mergers and acquisitions.  These two common, yet high-risk business practices also represent the majority of enforcement proceedings over the past 6 years 1

"It all comes back to risk-based due diligence and a disciplined, pro-active approach to assessing and improving anti-corruption compliance efforts", commented Robert Weiner, Managing Director and Regional Counsel, IPSA International, Inc.  "According to the FCPA Guide, the DOJ and SEC have declined to take action against companies to the degree that they conducted risk-based due diligence, voluntarily disclosed potential FCPA violations, sought remedial action, and cooperated with authorities."

IPSA International's anti-bribery and corruption experts conduct global, risk-based due diligence and independent reviews of anti-corruption programs to determine a company's capability of reasonably detecting and preventing bribery and corruption.  Our clients are multinational corporations subject to increased anti-corruption requirements including the FCPA, U.K. Bribery Act and other country-specific anti-bribery regulations.

ABOUT IPSA International, Inc. IPSA International, Inc. has a 20 year history of successfully completing complex multi-jurisdictional engagements in the areas of anti-money laundering, anti-bribery and corruption, investigative due diligence, and litigation support.  Assignments include large-scale internal investigations, regulatory driven remediation and compliance reviews for Fortune 100 corporations, banking and financial institutions, and law firms.  Our senior investigators and advisors deliver timely, accurate and defensible intelligence that supports our clients in making better informed decisions, ensuring compliance and mitigating risk.  IPSA International has offices in the U.S., U.K. and Canada, resources in over 75 countries and research capabilities in 20 languages.  Please visit us at www.ipsaintl.com

CONTACT:Mr. Robert Weiner, JD, CIPP Managing Director and Regional Counsel IPSA International, Inc.1185 Avenue of the AmericasSuite 1750 New York, NY 10036Phone:  800.997.4772Email:  info@ipsaintl.comWebsite:   www.ipsaintl.com

1 According to an analysis of SEC and DOJ enforcement actions, the alleged use of third-party intermediaries to pay bribes to foreign government officials increased from 42% of FCPA enforcement actions in 2005 to 100% in 2011.   Based on statistics compiled by Transparency International, approximately 50% of U.S. FCPA prosecutions in 2007 were connected to M&A transactions. 

SOURCE IPSA International, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs