Compliance with the Foreign Corrupt Practices Act (FCPA) and
other anti-bribery or anti-corruption laws in the jurisdictions
where a company operates is a critical consideration when
preparing for an initial public offering (IPO).
Most organizations– public and private – are familiar with the anti-bribery provisionof the FCPA, which makes it illegal for anyone subject to U.S. jurisdiction to offer, promise, gift or authorize the giving, with a corrupt motive, of anything of value to foreign officials – directly or indirectly – for the purpose of influencing the official in order to assist in obtaining or retaining business. However, additional obligations exist for issuers of U.S. securities.