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Criminal

Aug. 6, 2010

Foreign Corrupt Practices Act: Prosecutions On the Rise

With prosecution of bribery violations on the rise, corporations should re-examine compliance programs to avoid getting burned, by Michael F. Perlis and Wrenn E. Chais of Stroock & Stroock & Lavan.

By Michael F. Perlis and Wrenn E. Chais

The Foreign Corrupt Practices Act (FCPA) was enacted in 1977 in the wake of several high-profile corporate bribery scandals. But for nearly 40 years, prosecutions were almost as rare as play-off victories for the Chicago Cubs. Recently, those circumstances changed as prosecutors took their swings in court with FCPA prosecutions against high profile CEOs while the Department of Justice and Securities and Exchange Co...

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