Risking Foreign (Corrupt) Practices

The Foreign Corrupt Practices Act (FCPA) has been on the books for decades, but these days it is provoking much more virile enforcement from the Securities and Exchange Commission and the U.S. Department of Justice. According to experts, the DOJ's Deputy Fraud Chief Mark Mendelsohn is enforcing the act much more aggressively than it has been enforced in the past, and the SEC has created a new division dedicated solely to the act's enforcement. As a result, the act, which was intended to prevent bribes or other inappropriate gifts from being given to officials of foreign governments to win contracts for businessmen with operations in the United States, has provoked some stunning fines in the last couple of years.

Provided by: LRP Publications Topic: Project Management Date Added: Mar 2010 Format: HTML

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