Energy Industry Taking Greater Steps Towards Vetting Whom They Do Business With Overseas

MIAMI, Feb. 9 /PRNewswire/ -- As numerous industries are coming under increased scrutiny from both the Department of Justice and the Securities and Exchange Commission for FCPA (Foreign Corrupt Practices Act) violations, executives within the energy industry are taking active measures to ensure compliance with the law. To aid in this, the Society of Corporate Compliance and Ethics will sponsor a four-day conference February 28 through March 3 in Houston, Texas.  

Ryan Morgan, an AML/CA, FCPA Specialist from World Compliance will present case studies on how companies have successfully implemented tools for ongoing compliance with FCPA.  In addition, he will provide insights into what due diligence tools are available to evaluate compliance risk.

Vetting vendors in the supply chain is critical for businesses venturing overseas. "Knowing who your company is doing business with as well as who those vendors are associated with are essential elements of the due diligence process," said Mr. Morgan. "For this purpose, we have developed a four step process that explains what companies should do to ensure compliance," he added.  

To learn more about the Utilities & Energy Compliance & Ethics Conference go to www.utilitiesenergycompliance.org/

About World Compliance

World Compliance protects over 2000 clients in over 100 countries and offers solutions for compliance with FCPA, The USA Patriot Act and European Union regulations. Their products are used to identify entities linked to over twenty risk categories including corruption, terrorism financing, narcotics, money laundering, fraud, collateral crimes and politically exposed persons.

To learn more about WorldCompliance and protecting your organization, go to www.worldcompliance.com.

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SOURCE World Compliance