What is foreign official in SAP SAP-LEGAL - Global Field Legal?

SAP Term: foreign official

• Component: SAP-LEGAL

• Component Name: Global Field Legal

• Description: Any employees and officers of government-owned or controlled companies or enterprises, such as a state-owned oil company, and anyone acting on behalf of a government entity, such as a consultant or negotiator who is representing a state-owned national oil company.

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• Key Concepts: 
  A foreign official is a person who holds a public office in a foreign government or international organization. In the context of SAP-LEGAL Global Field Legal Compliance, foreign officials are subject to special regulations and must be identified and monitored in order to ensure compliance with applicable laws. 
  
  How to use it: 
  SAP-LEGAL Global Field Legal Compliance provides tools to identify and monitor foreign officials. The system can be used to track interactions with foreign officials, including gifts, payments, and other benefits. It also provides alerts when interactions with foreign officials exceed certain thresholds. 
  
  Tips & Tricks: 
  It is important to ensure that all interactions with foreign officials are properly documented and reported in order to maintain compliance with applicable laws. Additionally, it is important to ensure that all employees are aware of the regulations regarding interactions with foreign officials. 
  
  Related Information: 
  For more information on SAP-LEGAL Global Field Legal Compliance, please visit the SAP website at https://www.sap.com/products/legal-compliance.html. Additionally, for more information on regulations regarding interactions with foreign officials, please consult your local legal counsel.