The Foreign Corrupt Practices Act: compliance issues in the tax and customs arena.

From: Tax Executive | Date: September 1, 2005| Author: Atkinson, Kathryn Cameron; Tillen, James G. | Copyright information

Among the many changes in the legal and business landscape following the Enron scandal and the Sarbanes-Oxley Act of 2002 has been a dramatic increase in the pace and ferocity of enforcement of the Foreign Corrupt Practices Act (FCPA), which prohibits improper payments to influence foreign officials who have the power to affect a company's business. (1) Enforcement officials at the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) are pursuing more and mo...

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