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The 1998 amendment to the FCPA applies to all U.S territories as well with this amendment in turn expanding the jurisdiction of the law to include anyone that is related to the United States and deals in business or foreign affairs. [49] [50] The FCPA also requires companies whose securities are listed in the U.S. to meet its accounting provisions.
Analysts stated that FEPA addresses a longstanding gap in US anti-bribery legislation by tackling the "demand" side of bribery. At the same time, the Foreign Corrupt Practices Act (FCPA) focuses on the "supply" side of bribery. [2] [3] One expert noted that FEPA is "probably the most important U.S. anti-bribery effort since the FCPA itself ...
The International Corporate Accountability Roundtable (ICAR) is a coalition of human rights groups focused on corporate accountability in the United States. Its mission is "to harness the power of the human rights community to identify and promote robust frameworks for corporate accountability, strengthen current measures and defend existing laws, policies and legal precedents."
The world’s largest tech companies must comply with a sweeping new European law starting Friday that affects everything from social media moderation to targeted advertising and counterfeit goods ...
The effects doctrine is an offshoot of the territorial principle. Briefly, the effects doctrine says that if the effects of extraterritorial behavior or crimes adversely affect commerce or harm citizens within the United States, then jurisdiction in a U.S. court is permissible. The first case to establish the effects doctrine was United States v.
In June 2009, the SEC sued Angelo Mozilo, former CEO of mortgage lender Countrywide Financial, and two other former officers, charging that they misled investors about the quality of Countrywide's loans while knowing the company was fueling its growth by letting its underwriting guidelines deteriorate and originating a growing number of risky subprime loans.
China said on Wednesday it had taken measures against 12 companies involved in the U.S. military-industrial complex and their senior executives, in response to the U.S. arming of Taiwan and ...
A well-known example of a company prosecuted under the FCPA is German car maker, Daimler, which agreed to pay US$185 million in fines to the US government over alleged bribes paid to secure contracts abroad. [5] BAE Systems PLC, a UK-based defense contractor also agreed to pay a US$400 million fine in FCPA-related enforcement action.