Buchanan Ingersoll & Rooney Shareholder Matthew J. Feeley recently penned an article published in the Miami Herald titled, “FCPA Compliance Programs Help Mitigate Risk in Latin America.” The article discusses the importance of U.S. companies creating Foreign Corrupt Practices Act (FCPA) compliance programs before planning to set up businesses in foreign companies. The FCPA, enacted in 1977, “makes it illegal for a person or company to make corrupt payments to a foreign official in order to obtain or retain business,” Feeley writes.

Feeley notes that a corporate compliance should be established to safeguard against bribery and kickback schemes that can take place in business abroad.

“American companies should be particularly vigilant in high-risk industries, including construction, energy and healthcare,” Feeley says. 

Read the full article – “FCPA Compliance Programs Help Mitigate Risk in Latin America” (Miami Herald, August 8, 2014)