APEX Accelerator: Foreign Ownership, Control, or Influence (FOCI) - Keep Your Business Compliant with the Government
Foreign ownership, control or influence (FOCI) is a state that may affect a company’s ability to qualify for or maintain an entity eligibility determination, also known as a Facility Security Clearance (FCL). As defined in the NISPOM and the DoDM 5220.22, Volume 3, a company is considered to be under FOCI if it is owned, controlled, or significantly influenced by a foreign interest. Why is this important to you? Because being under FOCI can have various effects on your facility’s clearance status. Businesses may be subject to FOCI and not even know it.
A few examples that may indicate FOCI are:
• A company who's parent company is located overseas
• A company who gets a high percentage of manufactured parts from foreign sources
• Companies who have major investment from overseas investors
• A company who sells a high percentage of their revenue to foreign countries
In this session, attendees will learn more about the nuances of Foreign Ownership, Control, or Influence (FOCI) to make a better determination of their status. Additional steps will be highlighted regarding the topic.
THIS IS A VIRTUAL-ONLY EVENT. ATTENDEES WILL RECEIVE THE ZOOM LINK TO THE EVENT AFTER REGISTERING.
APEX Accelerator: Foreign Ownership, ...
Date and Time
Tuesday Dec 12, 2023 10:00 AM - 11:00 AM CST
Tuesday, December 12, 2023
10:00 a.m. - 11:00 a.m.