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

27th May, 2022

Certificate in Form 10BE for Claiming Deduction u/s 80G

All trusts/institutions registered u/s 80G and research institutes registered u/s 35 of The Income Tax Act are now mandated to file Form 10BD (providing therein complete ...

25th April, 2022

Synopsis- Seventh Proviso to section 139(1)

Finance (No. 2) Act, 2019 had inserted a new seventh proviso to section 139(1) of the Income Tax Act, 1961 (‘the IT Act’) w.e.f. 01-04-2020 for mandatory filing of IT...

16th February, 2022

UNION BUDGET 2022 – A SYNOPSIS

An opportunity to correct an error has been proposed in income tax return whereby a taxpayer can update his/her return within 2 years from the end of the relevant asses...