Using Tech to Avoid Trouble with Foreign Corrupt Practices Act

Partner David Simon and Special Counsel John Turlais contributed an article to Wisconsin Law Journal, “Using Tech to Avoid Trouble with Foreign Corrupt Practices Act,” on August 25, 2016. The article discussed FOLEY Global Risk Solutions (GRS), a cloud-based technology solution that provides middle-market companies with international sales and operations an effective compliance program they can implement on their own.

Simon and Turlais described the need and impetus for designing GRS, “The usual system of providing advice on an hourly basis just didn’t work for many [middle-market companies with international sales and operations] companies. It produced high and unpredictable fees and resulted in advice and recommendations rather than a functioning compliance program … We knew we had to rely on technology to fulfill our promise of providing a real anti-bribery compliance program that would be designed to meet regulators’ expectations and that could be offered at a reasonable fixed price.”