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Antibribery Law Bites Top U.S. Firms

By Riley Guerin | May 18, 2012
News

Law Office Management

May 18, 2012

Antibribery Law Bites Top U.S. Firms

The antibribery Foreign Corrupt Practices Act of 1977 and Wal-Mart.

The antibribery Foreign Corrupt Practices Act of 1977, which Wal-Mart was recently accused of violating in Mexico, has bitten other top U.S. corporations such as Pfizer, 3M, Alcoa, and Goldman Sachs, which are now facing federal inquiries for possible violations, reports the Washington Post.

Facing increasing FCPA enforcement, the corporate community has launched a well funded lobbying effort in Congress to revise the law. But the outcry over Wal-Mart's alleged bribery of Mexican officials appears to have stalled the campaign.
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Riley Guerin

Daily Journal Staff Writer
rguerin@journaltech.com

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