Tech companies better take note: the Department of Justice (DOJ) and Securities and Exchange Commission (SEC) are targeting high-tech firms for violations of the Foreign Corrupt Practices Act (FCPA). And this scrutiny is not just limited to U.S. governmental agencies, as Hewlett-Packard recently discovered.
Companies in the financial services field have always been highly aware of the FCPA. These organizations have always taken great pains to ensure compliance with FCPA, avoiding allegations of bribery at all cost. But, as evinced by recent activity by the Department of Justice and the Securities and Exchange Commission, the federal government is also scrutinizing insurance, retail and tech companies with equal fervor.