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
Date Written: July 13, 2013
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: Suggested Citation