[Video] One Month to More Effective Compliance on Business Ventures - Day 20 - Following the Money Through Distributors

Polycom came to FCPA grief in China, as have many other US companies. The bribery scheme was long-running, occurring from 2006-2014. They included the creation of an off-the-books accounting and recordation system for corrupt payments made by or on behalf of Polycom China. The money to fund these bribes came through variations of the basic bribery scheme. There would be a discount between the price reported to Polycom and that paid by the buyer. These discounts were not passed on to the end...
By: Thomas Fox - Compliance Evangelist

Thomas Fox - Compliance Evangelist