Difference between revisions of "Foreign Corrupt Practices Act"
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| − | The '''Foreign Corrupt Practices Act of 1977''' ('''FCPA' | + | The '''Foreign Corrupt Practices Act of 1977''' ('''FCPA''') is a [[United States federal law]] known primarily for two of its main provisions, one that addresses accounting transparency requirements under the [[Securities Exchange Act of 1934]] and another concerning [[bribery]] of [[foreign official]]s.<ref>[http://www.perkinscoie.com/files/upload/COMM_10_09_WhiteCollarCrimeReport.pdf Funk, T. Markus (September 10, 2010). "Getting What They Pay For: The Far-Reaching Impact Of the Dodd-Frank Act's 'Whistleblower Bounty' Incentives on FCPA Enforcement" (PDF). White Collar Crime Report. Bureau of National Affairs. 5 (19): ]</ref> |
| − | + | It is a major part of the US system of [[lawfare]] as a foreign policy tool. | |
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| − | + | The FCPA was not rigorously enforced for its first two and a half decades. From [[1977]] to [[2001]], only twenty-one companies and twenty-six individuals were convicted for criminal violation of the legislation.<ref>[https://books.google.co.uk/books?id=u06m3epox7wC&pg=PT505&lpg=PT505&dq=rigorously+enforced+for+its+first+two+and+a+half+decades&source=bl&ots=TiHp63bEwN&sig=GQ4y7TY-OSnn0-fLqXgkzwvDjug&hl=en&sa=X&ved=0ahUKEwiH-fG5zo7VAhUDalAKHQSqAfQQ6AEIFDAA Andrew Feinstein, The Shadow World: Inside the Global Arms Trade]</ref> | |
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| − | + | Since then, it is more and more frequently used. | |
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Latest revision as of 10:56, 8 August 2021
 Foreign Corrupt Practices Act  (lawfare)   | |
|---|---|
| Type | file of unspecified type |
| Publication date | 1977 |
| Author(s) | Unknown |
| Local copy | Broken Link: [[{{{local}}}]] |
| From careful beginnings has become a major tool of statecraft | |
The Foreign Corrupt Practices Act of 1977 (FCPA) is a United States federal law known primarily for two of its main provisions, one that addresses accounting transparency requirements under the Securities Exchange Act of 1934 and another concerning bribery of foreign officials.[1]
It is a major part of the US system of lawfare as a foreign policy tool.
The FCPA was not rigorously enforced for its first two and a half decades. From 1977 to 2001, only twenty-one companies and twenty-six individuals were convicted for criminal violation of the legislation.[2]
Since then, it is more and more frequently used.
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References
- ↑ Funk, T. Markus (September 10, 2010). "Getting What They Pay For: The Far-Reaching Impact Of the Dodd-Frank Act's 'Whistleblower Bounty' Incentives on FCPA Enforcement" (PDF). White Collar Crime Report. Bureau of National Affairs. 5 (19):
- ↑ Andrew Feinstein, The Shadow World: Inside the Global Arms Trade
