Page 6 - U.S. FOREIGN CORRUPT PRACTICES ACT

A Resource Guide to the U.S. Foreign Corrupt Practices Act. Second Edition.

Additional Principles of Criminal Liability for Anti-Bribery Violations: Aiding and Abetting and Conspiracy .....35
Additional Principles of Civil Liability for Anti-Bribery Violations: Aiding and Abetting and Causing ............36

What Is the Applicable Statute of Limitations? .........................................................................................36
Statute of Limitations in Criminal Cases ........................................................................................................36
Statute of Limitations in Civil Actions ............................................................................................................37

Chapter 3: THE FCPA: ACCOUNTING PROVISIONS .............................................38
What Is Covered by the Accounting Provisions? ........................................................................................39
Books and Records Provision .........................................................................................................................39
Internal Accounting Controls Provision ..........................................................................................................40
Potential Reporting and Anti-Fraud Violations ...............................................................................................42
What Are Management’s Other Obligations? ....................................................................................................42
Who Is Covered by the Accounting Provisions? ........................................................................................43
Civil Liability for Issuers, Subsidiaries, and Affiliates ......................................................................................43
Civil Liability for Individuals and Other Entities ..............................................................................................44
Criminal Liability for Accounting Violations ....................................................................................................45
Conspiracy and Aiding and Abetting Liability ..................................................................................................46
Auditor Obligations ...............................................................................................................................46

Chapter 4: OTHER RELATED U.S. LAWS ..........................................................48
Travel Act ............................................................................................................................................48

Money Laundering ................................................................................................................................48
Mail and Wire Fraud .............................................................................................................................49
Certification and Reporting Violations ....................................................................................................49

Tax Violations ......................................................................................................................................49
Chapter 5: GUIDING PRINCIPLES OF ENFORCEMENT .......................................50

What Does DOJ Consider When Deciding Whether to Open an Investigation or Bring Charges? ....................50
DOJ Principles of Federal Prosecution ............................................................................................................50
DOJ Principles of Federal Prosecution of Business Organizations ......................................................................50
DOJ FCPA Corporate Enforcement Policy .........................................................................................................51
What Does SEC Staff Consider When Deciding Whether to Open an Investigation or Recommend Charges?....54

Self-Reporting, Cooperation, and Remedial Efforts ...................................................................................54
Criminal Cases .............................................................................................................................................55
Civil Cases ...................................................................................................................................................55
Corporate Compliance Program ..............................................................................................................56
Hallmarks of Effective Compliance Programs ..................................................................................................58
Other Guidance on Compliance and International Best Practices .......................................................................67

Chapter 6: FCPA PENALTIES, SANCTIONS, AND REMEDIES ..............................69

What Are the Potential Consequences for Violations of the FCPA? ..............................................................69
Criminal Penalties .................................................................................................................................69
U.S. Sentencing Guidelines ............................................................................................................................69