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Article
The foreign corrupt practices act: Taking a bite out of bribery in international business transactions
Faculty Publications
  • Carl J. Pacini
SelectedWorks Author Profiles:
Carl J. Pacini
Document Type
Article
Publication Date
2012
Date Issued
January 2012
Date Available
April 2014
Disciplines
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
Citation Information
Pacini, C. (2012). The foreign corrupt practices act: Taking a bite out of bribery in international business transactions. Fordham Journal of Corporate & Financial Law, 17(2), 545-589.