The jurisdictional reach of the Foreign Corrupt Practices Act (‘‘FCPA’’) is famously long. U.S. regulators have claimed that the statute applies to U.S. and foreign corporations; U.S. nationals anywhere in the world; foreign nationals anywhere in the world whose conduct directly, and sometimes indirectly, touches U.S. soil; transactions occurring entirely in the U.S.; and transactions whose only contact with the U.S. was the routing of payments through domestic banks.
The FCPA outlaws corporate bribery of foreign officials or third-party intermediaries through its antibribery provisions, which prohibit payments to foreign officials made to attract or retain business. The FCPA’s books and records provisions require accurate accounting and adequate internal accounting controls.
Originally published in the Corporate Accountability Report, 11 CARE 641, 6/14/13, 06/17/2013.
Please see full article below for more information.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.