The Foreign Corrupt Practices Act: What you need to know

Event Details

  • Date:

FCPA Website Box 4

What: AmCham Event

When: Wednesday, March 12, 2014, 12:00pm – 1:30pm

Where: Moevenpick Hotel Hanoi, 83A Ly Thuong Kiet Street, Hoan Kiem District, Hanoi

The Foreign Corrupt Practices Act (FCPA) is a valuable and important statute that helps reduce corruption and reinforce public and investor confidence in markets throughout the world. The primary aim of Congress in enacting the FCPA was to prohibit US companies from paying or offering bribes to foreign government officials for the purpose of obtaining or retaining business advantages. Justice Department officials say strong enforcement of the law helps create a level playing field in business transactions by eliminating corruption from the equation. There is, however, substantial confusion over what is legal and what isn’t – especially in the murky area of business dealings with managers and employees of state-owned enterprises. What do managers in Vietnam need to know about the FCPA? What enforcement trends are worrying managers? Are you at risk for making a donation to a charity connected to the Vietnamese government? Are covering flight costs on a business trip considered a bribe? How is the new British anti-bribery law affecting global business? What can you do to better protect your operation in Vietnam? Find out the answers to these important topics at lunch on March 12 with guest speaker Sesto Vecchi from the law firm of Russin & Vecchi.

AmCham knows that our members promote organizational culture that encourages ethical conduct and a commitment to compliance with the law. However, are you sure that your company is setting and communicating “the right tone at the top”? Are you sure you are effectively assessing your FCPA risk? Do you have adequate standards, policies and processes to address those risks in Vietnam? To minimize the risk to your company and yourself, AmCham members need to exercise reasonable oversight with respect to the implementation and effectiveness of your FCPA compliance program, including asking the “right” questions. Don’t miss this opportunity to lunch-and-learn with AmCham on March 12 to discuss this important and practical management topic.

COST: 650,000 VND (members); 850,000 VND (non-members)

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