Home About Standards Regulations Blog Contact

Disclaimer

User Agreement

Privacy Policy

Copyright © 2014. Know Standards of Excellence. All rights reserved.             By using this website you agree to the User Agreement and the Privacy Policy

STANDARDS

KNOW

of

Excellence

Double Standard effectiveness with Regulation

The Foreign Corrupt Practices Act, 1998  (FCPA)

Department of Justice(DOJ) and Securities and Exchange Commission (SEC) have taken FCPA enforcement to new heights. Thus, the companies in US seeking to do business in foreign countries should put in controls to ensure they don’t violate FCPA and are always compliant with the act. FCPA prohibits any corrupt practice of payments to foreign officials of obtaining or keeping business or seeking favor or influencing the government decisions in their favor. The anti-bribery provisions of the Act defines five elements considered to conclude an act to be violation this Act, namely, (a) Who, (b)Corrupt intent, (c) Payment, (d) Recipient & (e)Business Purpose Test. The Act even looks at corrupt payments through intermediaries & 3rd parties. The Act empowers DOJ to prosecute the Parent company in US, even if the foreign subsidiaries are involved in the corrupt practices. Further the Organisation for Economic  Co-operation and Development’s (OECD) Anti-Bribery Convention has strengthened the enforcement of the sprit of this Act in 30plus countries who have adopted this convention and its recommendations.

Request for Free !!! Compliance tool to track, monitor, and improve your FCPA compliance program

Data Protection Act, 1998  

The Data Protection Act 1998 is a United Kingdom Act of Parliament which defines UK law on the processing of data on identifiable living people. It was enacted to bring UK law into line with the EU data protection directive of 1995. The Act defines eight data protection principles. The personal data should be collected and/or processed in accodarnce to these principles. The act defines the rights of the data subjects and others. It explaind the requirements of notifications by the data controller, the various exemptions applicable, enforcement, penalties for breach and non-compliance, etc. It moots to maintain a Personal Information Management System (PIMS)


Request for Free !!! Guidance on Compliance to the Data protection Act, 1998 and maintaining a PIMS

Regulations