Tags » Foreign Corrupt Practices Act
Cisco has said it will face no enforcement action following a federal bribery investigation involving its business in Russia and nearby countries.
The network giant said in a Thursday regulatory… 315 more words
In my last post, I made a disparaging in-passing reference to assertions, by some critics of the US Foreign Corrupt Practices Act (FCPA), that companies could get in FCPA trouble if they do things like buy a foreign government official a cup of coffee, take her to a reasonably-priced business meal, cover her taxi fare, etc. 1,942 more words
Does an FCPA Violation Require a Quid Pro Quo? Further Developments in the JP Morgan "Sons & Daughters" Case
One of the Foreign Corrupt Practices Act cases we’ve been paying relatively more attention to here on GAB is the investigation of JP Morgan’s hiring practices in Asia (mainly China), in connection to allegations that JP Morgan provided lucrative employment opportunities to the children of powerful Chinese officials–both in the government and at state-owned enterprises (SOEs)–in exchange for business. 2,042 more words
Parties to the UN Convention Against Corruption pledge in article 53 to “pay compensation or damages to another State Party that has been harmed” by an act of corruption, but nowhere does the convention say who it is that is harmed by corruption or how compensation is to be calculated. 356 more words