Program Length: 1.0 hours

This presentation covers various ethical issues that arise when conducting business in a foreign country. The Foreign Corrupt Practices Act (FCPA) is a federal statute that is enforced by both the Securities and Exchange Commission and the Department of Justice. Portions of the Act, such as the books, records and internal control provisions, apply to "insurers." Under these provisions, an insurer must act to ensure that the books and records are accurate and do not conceal improper payments to foreign officials. This presentation will analyze in detail the various elements of the anti-bribery provision, and will discuss establishing internal controls help management ensure that lower level employees act ethically when presented with a situation that could lead to a violation of the Act.

CLE Approval: Florida State Bar (including ethics credit)