Who could dislike the title of this post? It promises to solve
all your compliance problems and keep your business out of
litigation. Were it only that simple.
Of course, it is not. But, when it comes to compliance, there
are ways to avoid recurring issues such as high-risk countries,
whistleblowers, joint ventures and commercial bribery. For example,
companies can identify risk points early and often through the use
of risk assessments. You could also set up regular training and
anticorruption programs within your organization. Audits to
identify and stop corruption on a routine basis are also
recommended.
Once you are doing business outside the United States, do you
even know which countries have sanctions that stop or limit your
business? Most companies are likely aware that if they are doing
business directly with North Korea, they have problems. But what
about the Ukraine, Belarus, Columbia or the Congo. If your company
does not regularly check the current
