Celebrating 125 Years
 

DOJ and SEC Release Much-Anticipated Guidance on FCPA

In recent years, corporations in the United States and around the world have seen record levels of enforcement of the Foreign Corrupt Practices Act ("FCPA"), resulting in billions of dollars of civil judgments and numerous criminal convictions against both corporations and individuals. Despite the fact that the statute was passed in 1977, the federal government has failed to provide comprehensive guidance on how it interprets the law. Not surprisingly, lawmakers, corporations, and practitioners alike have grown concerned and frustrated with the environment of uncertainty regarding how to comply with the FCPA given the limited amount of case law and enforcement actions available to interpret the law.

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Published:
Nov 28, 2012
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