NMU's Compliance Database - Northern Michigan University
Foreign Corrupt Practices Act (FCPA)
Reviewed By | Internal Auditor Owner |
Regulation Reference Cite | 15 U.S.C. §§ 78dd-1, et seq.: OPIC: 22 C.F.R. §709 |
Report Due Date (Actual) | N/A |
Level | Requirement |
Oversight Unit | TBD |
Person Responsible | TBD |
Secondary Person Responsible | TBD |
President / VP Level | Provost |
Description |
Makes it unlawful for certain classes of persons and entities to make payments to foreign government officials to assist in obtaining or retaining business. The anti-bribery provisions of the FCPA prohibit the willful use of the mails or any means of instrumentality of interstate commerce corruptly in furtherance of any offer, payment, promise to pay, or authorization of the payment of money or anything of value to any person, while knowing that all or a portion of such money or thing of value will be offered, given or promised, directly or indirectly, to a foreign official to influence the foreign official in his or her official capacity, induce the foreign official to do or omit to do an act in violation of his or her lawful duty, or to secure any improper advantage in order to assist in obtaining or retaining business for or with, or directing business to, any person. |
Contacts and Data Sources |
TBD |
Internal Notes |
This compliance item has notes that are available internally to the oversight unit. Please contact the Risk Management Department for more information |