Federal prosecutors and securities regulators today unveiled the government's much-anticipated guidance for foreign-bribery enforcement, intending to provide companies and individuals a clearer picture of the conduct the government wants to thwart.
Top U.S. Justice Department and U.S. Securities and Exchange Commission officials prepared the 120-page Foreign Corrupt Practices Act (FCPA) guide, addressing, among other things, the definition of a foreign official, proper and improper gifts and the "hallmarks" of effective corporate compliance.
"Corruption is a global problem," the guide says in an opening passage. "In the three decades since Congress enacted the FCPA, the extent of corporate bribery has become clearer and its ramifications in a trans¬national economy starker." Click here for a copy of the guidance.