The Changing Implications and Broadening Reach of Anti-Corruption Legislation: Issues and Concerns Regarding the FCPA Enforcement

Journal of Business Compliance, Baltzer Science Publishers, Issue 1

Posted: 5 Jan 2019

See all articles by Gonenc Gurkaynak

Gonenc Gurkaynak

ELIG Gürkaynak Attorneys-at-Law

Olgu Kama

Norton Rose Fulbright LLP

Derya Durlu Gürzumar

University of Neuchâtel

Date Written: February 2013

Abstract

Corruption is a threat to the individual, the company executive, the company’s reputation and its shareholders and to international trade and commerce generally. The publication of the Foreign Corrupt Practices Act Guidelines has once ignited the debate surrounding proper or improper conduct of any and all businesses as regards relations to government officials and public procurement. Coming a year after the UK Bribery Act expanded the remit of compliance programs to broaden concerns of corruption to include non-government officials also, there is a need to consider how best to identify potential corruption risks facing the firm, and for firms to urgently take actions to protect the company against increasingly extra-territorial applications of anti-corruption laws and regulations. The purpose of this paper is to provide insight on the challenges and some of the issues arising out of the implementation of these FCPA guidelines.

Keywords: FCPA, Bribery, Anti-Corruption, Compliance

JEL Classification: K20, K42

Suggested Citation

Gurkaynak, Gonenc and Kama, Olgu and Durlu Gürzumar, Derya, The Changing Implications and Broadening Reach of Anti-Corruption Legislation: Issues and Concerns Regarding the FCPA Enforcement (February 2013). Journal of Business Compliance, Baltzer Science Publishers, Issue 1, Available at SSRN: https://ssrn.com/abstract=3305016

Gonenc Gurkaynak (Contact Author)

ELIG Gürkaynak Attorneys-at-Law ( email )

Çitlenbik Sokak No:12
Yıldız Mahallesi
Istanbul, Beşiktaş 34349
Turkey

Olgu Kama

Norton Rose Fulbright LLP ( email )

United States

Derya Durlu Gürzumar

University of Neuchâtel ( email )

Neuchatel, CH-2000
Switzerland

Here is the Coronavirus
related research on SSRN

Paper statistics

Abstract Views
493
PlumX Metrics