Title

The foreign corrupt practices act: Taking a bite out of bribery in international business transactions

SelectedWorks Author Profiles:

Carl J. Pacini

Document Type

Article

Publication Date

2012

Date Issued

January 2012

Date Available

April 2014

ISSN

1532-303X

Abstract

Enforcement of the Foreign Corrupt Practices Act ("FCPA") has reached an all-time high. FCPA violations can result in many significant costs, both monetary and non-monetary. FCPA compliance has become a top corporate governance issue and has triggered shareholder litigation, tax investigations, and money laundering probes. While many corporate managers, financial officers, board members, internal and external auditors, and forensic accountants are aware of the FCP A's basic objectives and mandates, many may not do an adequate job of protecting their firms and/or clients from the dangerous consequences that can result from FCP A non-compliance. The purposes of this paper are to: (1) analyze and describe bribery and FCP A case filings, sanctions, payments (bribes), and value of business to be obtained; (2) describe and analyze the important provisions of the FCPA; and (3) make recommendations to help firms improve their compliance with the FCPA.

Comments

Abstract only. Full-text article is available only through licensed access provided by the publisher. Published in Fordham Journal of Corporate & Financial Law, 17(2), 545-589. Members of the USF System may access the full-text of the article through the authenticated link provided.

Language

en_US

Publisher

Fordham University. School of Law

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.