Foreign Corrupt Practices Act: An Update on Enforcement and SEC and DOJ Guidance

41 Securities Regulation Law Journal 241 (Fall 2013)

45 Pages Posted: 19 Jul 2013 Last revised: 4 Dec 2013

See all articles by Lawrence J. Trautman

Lawrence J. Trautman

Prairie View A&M University - College of Business

Kara Altenbaumer-Price

U.S.I.

Date Written: July 13, 2013

Abstract

With expanding global commerce by U.S. securities issuers, the potential for significant exposure to international corruption increases along with risks associated with anti-bribery laws. This article examines recent developments related to the Foreign Corrupt Practices Act (FCPA), which has undergone a dramatic rise in enforcement during recent years. As the world continues to grow smaller and international business increases, corporate officers and directors must necessarily become familiar with the provisions of the FCPA.

Keywords: Bribery, Corporate Governance, Corruption, Criminal Penalties, Director Liability, DOJ, Enforcement, Ethics, Facilitating Payments, FCPA, Fines, Foreign Corrupt Practices Act, International Business, Litigation, OECD, Penalties, Sanctions, Securities, SEC, SFO, Stanley Sporkin, U.K. Bribery Act

JEL Classification: F10, F13, F23, G10, G18, G28, G38, K14, K20, K22, K33, K42, L14, L21, L51, M14, M51, M55, O17, O38

Suggested Citation

Trautman, Lawrence J. and Altenbaumer-Price, Kara, Foreign Corrupt Practices Act: An Update on Enforcement and SEC and DOJ Guidance (July 13, 2013). 41 Securities Regulation Law Journal 241 (Fall 2013). Available at SSRN: https://ssrn.com/abstract=2293382

Lawrence J. Trautman (Contact Author)

Prairie View A&M University - College of Business ( email )

Prairie View, TX
United States

Kara Altenbaumer-Price

U.S.I. ( email )

1445 Ross Avenue
Ste 4200
Dallas, TX 75202
United States
2144433127 (Phone)

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