FCPA and Other Anti-Corruption Conventions Awareness Training

The Foreign Corrupt Practices Act of 1977 ("FCPA"), is a US law and was enacted for the purpose of making it unlawful for certain classes of persons and entities to make payments to foreign government officials to assist in obtaining or retaining business.

The FCPA applies to two broad categories of persons: those with formal ties to the United States and those who take action in furtherance of a violation while in the United States.

Similarly, Canada has enacted the Canadian Corruption of Foreign Public Officials Act (CFPOA) for implementing its obligations under the UN Convention against Corruption. The UK and EU too have their own anti-bribery laws and conventions which establish company liability for corrupt acts committed by persons acting on behalf of the company.

Our awareness training is typically a half-day session; it covers the important requirements of the above laws and sensitises the business managers about the serious consequences of its non-compliances.

Blogs

22nd July, 2021

Reverse Charge Mechanism (RCM)

RCM or Reverse Charge Mechanism is a concept under which the receiver of the goods or any service is entitled to pay the tax instead of the supplier of goods and services...

15th July, 2021

Compliance Check for Section 206AB & 206CCA

Section 206AB and 206CCA are inserted in the Income-tax Act, 1961 (effective from 1st July 2021). These sections impose a higher TDS/TCS rate on the 'Specified Persons', ...

14th May, 2021

Pre-filling of returns in order to ease the filing of returns

While presenting the Union Budget, 2021 on 1st Feb., 2021, the Finance Minister announced for pre-filling of returns in order to ease the filing of returns. The Budget pr...