ALEXANDRIA, Va.--(EON: Enhanced Online News)--Corporations that violate the US Foreign Corrupt Practices Act (FCPA) or the UK Bribery Act are subject to heavy penalties, even if the violation source is their third-party intermediaries such as suppliers, consultants and agents. To assist companies in screening and monitoring intermediaries to bolster compliance, legal and IP support services leader CPA Global provides critical anti-bribery compliance services to corporations conducting business in the US and Europe.
An increasing number of companies are finding that they require expert assistance and additional resources to enable them to thoroughly screen and monitor intermediaries. They are also recognizing that well-designed due diligence strategies greatly diminish or eliminate exposure to risk of violations. CPA Global’s team of legally-trained professionals (who are qualified in their respective jurisdictions) cost-effectively detects red flags for corruption through detailed screening, due-diligence reviews and specialized analysis. The anti-bribery team is part of CPA Global’s Legal Support Services business. These legally-trained professionals provide the client with direction on compliance, while the client company’s lawyers provide supervision and any required legal advice.
CPA Global anti-bribery compliance services are offered at three levels: Basic, Medium and Advanced.
Using state-of-the-art software, CPA Global compares the client’s intermediary roster to economic sanctions lists and terrorist watch-lists to determine whether a third-party is restricted, blacklisted, or poses a risk of corruption.
In addition to all Basic level functionality, the Medium level review provides a deeper dive into the intermediary, which may include, for example, prior enforcement activity, review of company financials, questionnaire distribution and analysis, and risk profiling.
CPA Global serves corporations that have the most demanding anti-bribery compliance needs with Advanced level review options, including field investigations, local media searches, and compliance record review.
Attorney Laura Martino, Regulatory Compliance Officer and Head of Global Operations, Legal Services at CPA Global, runs the anti-bribery compliance services practice and has extensive experience of international trade and anti-bribery matters.
Martino comments: “Most companies engaged in global commerce are aware of anti-bribery laws and the need to screen intermediaries. However, the Department of Justice and Securities Exchange Commission are investigating companies more aggressively than ever before and are reinforcing that lack of knowledge concerning third parties is not a valid shield from liability. CPA Global helps companies assess and monitor third-party corruption risks to prevent violations and penalties. Our unique edge is that we staff each project with a skilled team of legally-trained professionals to augment and enhance the automated technology solutions that are generally utilized in today’s compliance market. Clients can rely on CPA Global to perform due diligence on intermediaries with established methods and experienced field personnel.”
Suzanne Bullitt, Trade Compliance Director (Americas & EMEA) for global technology business Invensys, uses CPA Global’s anti-bribery compliance services. Bullitt says: “For a responsible company with a worldwide reach, there is a constant balancing act between meeting business objectives and fulfilling compliance obligations. Legal support services providers like CPA Global are our partners in maintaining due diligence, so we can be more confident that the customers or suppliers we are dealing with in various jurisdictions are staying within the confines of the law and that we, as a company, are less exposed to risk. CPA Global take a deeper dive into the regulations at hand and flag up any potential concerns.”
For more information email Laura Martino at firstname.lastname@example.org.
About CPA Global
CPA Global is the world's leading provider of intellectual property and legal support services. With offices across Europe, the United States and Asia Pacific, CPA Global supports many of the world’s best known corporations and law firms with a range of IP and broader legal services, helping them to manage risk, cost and capacity, and realize greater value for their businesses and IP assets.
CPA Global is a market leader in the emerging outsourced legal services sector, providing high quality and cost-efficient legal support services such as transaction support, contract management, anti-bribery and compliance, and legal research through delivery centers in the US and India.
On the IP side of the business, CPA Global helps corporates and law firms in managing valuable intellectual assets, such as patents, designs and trademarks, ensuring that IP portfolios are protected, maintained and regularly reviewed in order to maximize value. Working closely with its clients, CPA Global ensures they have the best information on which to base IP decisions, and the best support in terms of helping implement those decisions.
Services include IP management software; patent and trademark renewals; patent research and analytics; patent portfolio optimization; trademark watching; domains management; as well as other IP support services such as docketing.
Founded in Jersey, Channel Islands in 1969, CPA Global today employs more than 1,500 people, serving clients’ needs in 200 jurisdictions through its own offices and an extensive agent network. CPA Global’s diverse client list ranges from major global corporations, headquartered in Europe, North America and Asia Pacific, to small and medium-sized enterprises and innovation start-ups; and from top international law firms to national and regional law and IP firms. For further information, please visit: www.cpaglobal.com.