Foreign Corrupt Practices Act

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  • Foreign Corrupt Practices Act :

    1275 Words  | 6 Pages

    Running Head: FOREIGN CORRUPT PRACTICES ACT 1 FOREIGN CORRUPT PRACTICES ACT BUSINESS LAW Katherine Hall-Blair Keiser University FOREIGN CORRUPT PRACTICES ACT 2 FOREIGN CORRUPT PRACTICES ACT In the face of improper payments to officials abroad, the United States introduced the Foreign Corrupt Practices Act (FCPA) of 1977. This act was a pioneer step for the government of the United States to combat illegal bribes by not only U.S. companies, but overseas companies

  • Foreign Corrupt Practices Act :

    836 Words  | 4 Pages

    Vincent Petraro Foreign Corrupt Practices Act Foreign Corrupt Practices Act was introduced in 1977.It was made effective from December 19, 1977. Foreign Corrupt Practices Act applies to all citizen of United State and certain foreign issuers of security and foreign companies. The Minor changes were made in the year 1988 and in 1998.Foreign Corrupt Practices Act has two main Provision (a)Accounting Transparency under Securities Exchange Commission, 1934. (b)Bribery of Foreign Officials. Department

  • The Foreign Corrupt Practices Act

    1442 Words  | 6 Pages

    The Foreign Corrupt Practices Act has been pursued by government agencies recently as the SEC, the FBI, and Department of Justice are cracking down on international business corruption. Companies are working harder at expanding economically in the market by doing business with individuals and other companies in foreign countries. Foreign countries are not always in compliance with US laws and regulations, causing US companies who deal with them issues with compliance on the home front. Because of

  • The Foreign Corrupt Practices Act

    1551 Words  | 7 Pages

    The foreign Corrupt Practices Act prohibits paying or offering anything of value to foreign officials for the purpose of obtaining or keeping a business. The FCPA was enacted by congress in 1977 due to various reports that were made by the Security and Exchange Commission (SEC). The Security and Exchange Commission (SEC) reported different issues concerning bribery and illegal payments by United Sates companies. The FCPA states that it’s unlawful to make payments to foreign officials; having a corrupt

  • The Foreign Corrupt Practices Act

    1181 Words  | 5 Pages

    While reading this case analysis, The Foreign Corrupt Practices Act came into discussion as an underlying factor in Weihardt’s decision. The Foreign Corrupt Practices Act was enacted for the purpose of making it unlawful for certain classes of persons and entities to make payments to foreign government officials to assist in obtaining or retaining business. This practice applies to Weinhardt in the fact that he was given the opportunity to give Lee a bribe to obtain Lees’ business. If Weinhardt

  • Foreign Corrupt Practices Act

    1207 Words  | 5 Pages

    FCPA PAPER The Foreign Corrupt Practices Act of 1977 (FCPA) evolved from investigations by the Office of the Special Prosecutor that provided evidence of illegal acts perpetrated by U.S. firms in foreign lands. More than 400 U.S. companies admitted to making questionable payments to various foreign governments and political parties as part of an amnesty program (U.S. Department of Justice Given the environment of the 1970s and the proliferation of white-collar crimes (e.g

  • The Foreign Corrupt Practices Act

    654 Words  | 3 Pages

    The Foreign Corrupt Practices Act The Foreign Corrupt Practices Act (FCPA) of 1977 and the corresponding amendments set forth by the Omnibus Trade and Competitiveness Act of 1988 and Amendments of 1998 have tremendous ramifications for U.S. multinational companies at large, their subsidiaries, and foreign partners.  While the main purpose of the original policy was to make it “unlawful to bribe foreign government officials to obtain or retain business”, the many statutes, their exceptions

  • The Foreign Corrupt Practices Act

    1320 Words  | 6 Pages

    I. Introduction The Foreign Corrupt Practices Act (“FCPA”) is the first globally enforcing statute making anti-corruption effort in the world. It has been known for the broad enforcement coverage in terms of the worldwide governing jurisdiction and anti-gaming legislative approach leading to a long time debates and discussions among practitioners and law commentators. This paper will focus on improving one of the undefined and broadly interpreted terms - “instrumentality” in the anti-bribery provisions

  • The Foreign Corrupt Practices Act

    1028 Words  | 4 Pages

    problems. Such is the case with the Foreign Corrupt Practices Act - passed with the purpose of keeping companies that do business in the US ethical in their business dealings. The main purpose of the act is to prevent companies from paying bribes to foreign officials, though there are other provisions included. It is only fitting that Wal-Mart, the largest retail store in the United States (2013 Top Global Retailers) has had allegations of wrongdoing related to the act. Wal-Mart was reported to have

  • Impact Of The Foreign Corrupt Practices Act

    1334 Words  | 6 Pages

    Impacts of the Foreign Corrupt Practices Act Some would say that in order to accomplish global corporate success, and growth, one must “work” the system to their advantage. In the 1970’s there was an increased awareness of illicit payments used to bribe foreign governments. Several headlines had shaped the U.S. government’s concern; acting as a catalyst for the development and establishment of the Foreign Corrupt Practices Act. This Act, even to this day, is recognized for its purpose of prohibiting