Foreign Purchases & Payments
Complying with Anti-boycott Regulations
If you participate in an internationl boycott that is not approved or sanctioned by the U.S. government, you may be violating U.S. anti-boycott regulations. The primary focus of these laws is the Arab League's boycott of Israel. Violations are prosecuted under export control laws. To avoid violations, do not engage in business agreements or activities that discriminate against or support others' discrimination against:
- Companies blacklisted by the Arab League
- Individuals on the basis of race, religion, sex, national origin, or nationality
International Goods & Services Taxes
Purchases of goods or services in other countries can include additional taxes. See Foreign Tax Liabilities for more information.
Re-entering the U.S. with Internatioal Purchases
When re-entering the U.S., customs fees may be imposed on certain purchases made abroad. As well, certain agricultural items are not allowed in the U.S. Visit the U.S. Customs and Border Protection Travel website for more information.
Sending International Wire/Money Transfers
With a wire transfer, funds are electronically sent to the recipient's bank account in either U.S. or foreign currency. With a foreign draft, a check is mailed to the payee in the foreign currency. You should opt to pay foreign consultants and vendors by wire transfer whenever possible. Recipients’ banks routinely reject foreign drafts, and when this happens, your account can be charged an administrative fee. Work with your Business Operations team on wired payments.
Complying with the Foreign Corrupt Practices Act
If you bribe a foreign official, you are violating the Foreign Corrupt Practices Act (FCPA). Violations can result in penalties for ASU and you. Not all payments to foreign officials are bribes. Some payments are "routine governmental actions" or "reasonable and bona fide expenditures." To learn the difference and how to prevent FCPA violations, see ASU's policy on FCPA Compliance.