FCPA! DOJ & SEC Resource Guide just published

by Kurt Schulzke

FCPA! It doesn’t mean what you think it means. Which is why the DOJ and SEC have just co-authored a book explaining what they mean when they say “FCPA.”

The Foreign Corrupt Practices Act (“FCPA”) is a favorite SEC and DOJ enforcement tool. Some folks have no clue what it means. Others don’t care. Many who care and have a clue wrongly believe the FCPA only involves bribery. Now, the two agencies have teamed up to write the definitive, never-to-be-outdone, A Resource Guide to the U.S. Foreign Corrupt Practices Act. Whether you want to make an FCPA case or prevent one, this book is for you.

For the benefit of lay readers, “foreign corrupt practices” do not include undercover, overseas interaction between randy CIA directors and their biographers. Rather, the FCPA prohibits specific direct or indirect “payments” to foreign government officials and requires that publicly traded companies keep their internal controls and books and records up to snuff.  Corporate CFOs, controllers and whistleblowers (and their attorneys) can all benefit from at least a quick browse-through. Get yours at http://www.justice.gov/iso/opa/resources/29520121114101438198031.pdf.

 

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