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The foreign corrupt practices act: unbridled enforcement and flawed culpability standards deter SMEs from entertaining the global marketplace / by Stephen S. Laudone

By: Material type: Continuing resourceContinuing resourceSeries: The Journal of criminal law and criminology ; Vol. 106, no. 2 (2016).Publication details: --Northwestern University: Northwestern University Press, 2016.Description: Page 355-404 29cmISSN:
  • 0081-4169
DDC classification:
  • BPer 364.05 J82
Summary: 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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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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