Foreign Corrupt Practices Act

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Publication.png Foreign Corrupt Practices Act 
(law)
Type file of unspecified type
Publication date 1977
Author(s) Unknown

The Foreign Corrupt Practices Act of 1977 (FCPA) (15 U.S.C. § 78dd-1, et seq.) 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] The act was amended in 1988 and in 1998. As of 2012 there were continued congressional concerns.[2]

Usage

“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.”
Andrew Feinstein - [3]




References

  1. 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): 1–3. 
  2. LeRoy Miller, Roger (2011). Business Law Today: The Essentials. United States: South-Western Cengage Learning. p. 127. ISBN 1-133-19135-5. 
  3. The Shadow World: Inside the Global Arms TradeThe Shadow World: Inside the Global Arms Trade


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