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Foreign Corrupt Practices Act

Trade Trumps Anti-Corruption

Frank Vogl | Posted 12.30.2014 | World
Frank Vogl

The widespread failure by many important exporting countries to curb business corruption can only be explained by their belief that boosting exports is far more important than reducing corruption.

Shareholders Pressure Wal-Mart for Lobbying Disclosure

Al Norman | Posted 07.26.2014 | Business
Al Norman

The heirs of Sam Walton control more than half of the total 3.23 billion outstanding shares in the company. Last year, of the four shareholder resolutions listed on the Proxy Ballot, none garnered more than 17 percent of the voting shares. This year, of the three shareholders resolutions, only one is new: "Request for Annual Report on Lobbying."

Big Bank Under Scrutiny For Hiring Practices

Reuters | Posted 05.09.2014 | Business

(Reuters) - Goldman Sachs Group Inc disclosed on Friday that it was being investigated over its hiring practices outside the United States. The Wa...

Big Banks May Have Bribed Libyan Officials

Reuters | Posted 04.05.2014 | Business

Feb 3 (Reuters) - The U.S. Department of Justice is investigating banks, private equity firms and hedge funds that may have violated anti-bribery la...

Alcoa Charged With Bribing Foreign Officials

AP | By JOE MANDAK | Posted 03.11.2014 | Business

PITTSBURGH (AP) — A subsidiary of Alcoa Inc. pleaded guilty Thursday and, along with the parent company, will pay a total of $384 million in penalti...

JP Morgan Chase, the Foreign Corrupt Practice Act, and the Corruption of America

Robert Reich | Posted 02.07.2014 | Politics
Robert Reich

The Foreign Corrupt Practices Act is important, and JP Morgan should be nailed for bribing Chinese officials. But, if you'll pardon me for asking, why isn't there a Domestic Corrupt Practices Act?

Under Investigation For Bribery

Reuters | Posted 11.06.2013 | Business

(Adds context on company's comment) By Emily Flitter and Ben Hirschler NEW YORK/LONDON, Sept 6 (Reuters) - U.S. authorit...

10 Companies Accused Of Bribing Foreign Countries

The Huffington Post | David Winograd | Posted 08.02.2013 | Business

It's sketchy business, bribing foreign officials -- sketchy enough that it's hard to believe some of America's most well-known companies have been ac...

Lufthansa Unit Caught Up In Bribery Scandal

Reuters | Posted 06.06.2013 | Business

* Lufthansa unit BizJet provides aircraft maintenance * Four insiders allegedly offered bribes to get contracts * Two de...

Eleazar David Melendez

Sheldon Adelson's EuroVegas Faces Fresh Criticism After 'Likely' Lawbreaking Admission

HuffingtonPost.com | Eleazar David Melendez | Posted 03.06.2013 | Business

NEW YORK -- Las Vegas Sands Corp., the global gambling empire headed by Republican benefactor Sheldon Adelson, recently acknowledged to American regul...

Sheldon Adelson's Company Admits To 'Likely' Corruption

Reuters | Posted 05.02.2013 | Business

March 2 (Reuters) - Las Vegas Sands Corp said it "likely" violated the federal Foreign Corrupt Practices Act, which outlaws the bribery of foreign o...

Peter H. Stone

Sheldon Adelson Spent Far More On Campaign Than Previously Known

HuffingtonPost.com | Peter H. Stone | Posted 12.03.2012 | Politics

WASHINGTON -- Casino magnate Sheldon Adelson vowed to spend as much as $100 million to defeat President Barack Obama and help the GOP take control of ...

Dan Froomkin

Justice, SEC Stand Firm On Foreign Anti-Bribery Laws In Face Of Opposition

HuffingtonPost.com | Dan Froomkin | Posted 11.14.2012 | Politics

WASHINGTON -- Federal prosecutors and financial regulators on Wednesday reasserted their intention to enforce the law that bans the bribery of foreign...

Wal-Mart Discloses "Nada" in Mexigate Bribery Case

Al Norman | Posted 10.17.2012 | Business
Al Norman

Wal-Mart now has until August 28 to become transparent. For a company that says it has no gray areas, Wal-Mart remains a remarkably opaque company. Only a business with something to hide would stone-Wal Congress this way.

Ex-Bank Executive Gets Prison Time In Bribery Case

Reuters | Posted 10.16.2012 | Business

By Jessica Dye NEW YORK, Aug 16 (Reuters) - A former Morgan Stanley real estate dealmaker was sentenced to nine month...

Alice Hines

Walmart Not Handing Over Docs To Congressmen Despite Repeated Pleas

HuffingtonPost.com | Alice Hines | Posted 08.15.2012 | Business

After sending three angry letters to Walmart, two congressional committees are now threatening to use the most dangerous weapon they have in their ars...

Drug Giant To Pay Big To Settle Foreign Bribery Allegations

Reuters | Posted 10.07.2012 | Business

* Settlement relates to payments in eight countries * Pfizer to pay $26.3 million to SEC * Affected countries include Ru...

Scandal-Ridden Company May Have Bribed Foreign Doctors

Reuters | Posted 09.30.2012 | Business

* Olympus stock falls 6.8 percent to 1,380 yen * Company told U.S. officials in October of Brazil payments * Terumo's 6....

Paul Blumenthal

Super PAC Donors Face Corporate Bribery Claims

HuffingtonPost.com | Paul Blumenthal | Posted 06.18.2012 | Politics

WASHINGTON -- A federal law to prevent U.S. companies from paying bribes to business overseas recently came to the forefront when The New York Times r...

Dan Froomkin

Dems Seek Info About Firms That Funded Anti-Bribery Law Campaign

HuffingtonPost.com | Dan Froomkin | Posted 05.22.2012 | Business

WASHINGTON -- Two Democratic congressmen are investigating whether the U.S. Chamber of Commerce's tenacious attack on a key anti-bribery statute has l...

Coty Withdraws $10.7 Billion Offer To Buy Avon

Reuters | Posted 07.14.2012 | Business

* Coty says Avon took too long * Bid had backing from Warren Buffett's Berkshire Hathaway * Avon shares had been hammere...

Senator Asks Leveson If News Corp. Violated US Law

The Huffington Post | Jack Mirkinson | Posted 07.02.2012 | Media

The head of the Senate committee overseeing the media has written to the Leveson inquiry about any possible violations of U.S. law by Rupert Murdoch's...

U.S. Businesses Face Culture Rife With Bribery In China

Reuters | Posted 06.29.2012 | Business

* U.S. companies challenged by FCPA * In state-owned China, who is an "official"? * Highly regulated industries pose hig...

Walmart, the FCPA, and America's Ability to Compete

Daniel Wagner | Posted 06.29.2012 | Business
Daniel Wagner

While the FCPA has served a useful purpose, it remains stuck in another era. In today's dynamic and ever-changing international business landscape, U.S. businesses would really benefit from a less absolutist approach to the subject.

Ben Hallman

Loophole In Bribery Law Leads To Confusion, Abuse

HuffingtonPost.com | Ben Hallman | Posted 04.26.2012 | Business

A loophole in a U.S. anti-bribery law, the same law that Walmart's Mexico subsidiary reportedly violated again and again, actually allows companies to...