The foreign corrupt practices act: unbridled enforcement and flawed culpability standards deter SMEs from entertaining the global marketplace / by Stephen S. Laudone
Material type:
- 0081-4169
- BPer 364.05 J82
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UM Bansalan College LIC | BPer 364.05 J82 (Browse shelf(Opens below)) | Not For Loan |
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In the wake of the Watergate Scandal, which exposed a variety of corporate as well as political abuses, the Securities and Exchange Commission (SEC) discovered that a staggering number of large corporations had made questionable or illegal payments exceeding $300 million to foreign government officials, politicians, and political parties. In 1977, Congress passed the Foreign Corrupt Practices Act (FCPA) to curb the negative impact of these corrupt payments on United States foreign policy objectives regarding the promotion of democracy and the free market system.
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