One Month to More Effective Compliance for Business Ventures – Day 7 – Auditing Joint Ventures

JVs provide many FCPA risks that other business relationships do not bring. For instance, the JV may interact with foreign government officials or employees of a state-owned enterprise; then leverage those relationships for an improper benefit relating to contracts, regulatory licenses, permits, or customs approvals. It is difficult to regulate a JVs interaction with foreign government officials when your partner is a state-owned enterprise or your company relies on the local company for its local contacts and expertise for business See more + The media playback was aborted due to a corruption problem or because the media used features your browser did not support.

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