Editing Foreign Corrupt Practices Act (section)

===Anti-bribery/anti-corruption (ABAC) solutions===

Businesses increasingly focus on their [[Core competency|core competencies]], and as a result engage more third parties to provide critical business functions. Companies do not have direct control over their third-party providers, which expose them to regulatory and reputational risk of FCPA violations by those third parties.<ref>{{cite web |url=http://www.economist.com/media/globalexecutive/outsourcing_revolution_e_02.pdf |title=Outsourcing revolution |publisher=www.economist.com |access-date=2019-12-27 |archive-url=https://web.archive.org/web/20200418174321/https://www.economist.com/media/globalexecutive/outsourcing_revolution_e_02.pdf |archive-date=2020-04-18 |url-status=live }}</ref>

In April 2013, The [[Ralph Lauren Corporation]] paid off $882,000 to the SEC due to the penalty they received from violating the FCPA. This violation came from an Argentinian subsidiary manager who was paying off officials at customs to have Ralph Lauren merchandise snuck into the country. Ralph Lauren did not have any form of serious FCPA training before this incident as they had never encountered or had issues with corruption beforehand. The company then pledged to increase their due diligence on the matter as they sought to work with the [[United States Department of Justice|U.S Department Of Justice]] about their book keeping and make sure that all of their employees are properly trained on matters pertaining to the FCPA and foreign business. <ref>{{Cite web |date=2013-04-22 |title=Office of Public Affairs {{!}} Ralph Lauren Corporation Resolves Foreign Corrupt Practices Act Investigation and Agrees to Pay $882,000 Monetary Penalty {{!}} United States Department of Justice |url=https://www.justice.gov/opa/pr/ralph-lauren-corporation-resolves-foreign-corrupt-practices-act-investigation-and-agrees-pay |access-date=2024-04-27 |website=www.justice.gov |language=en}}</ref>