FCPA Jurisdiction: The Courts Weigh In

Introduction -

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.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Cohen & Gresser LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.