Organisation for Economic Co-operation and Development
Compliance professionals, internal counsel and external counsel face a daunting and increasingly complex landscape when they hear the initial report of potential corruption stemming from their international operations.
In 1977, President Carter signed the Foreign Corrupt Practices Act (FCPA) into law to outlaw the bribery of foreign government officials by the private sector. And then ... nothing happened.
Experts call the law a step in the right direction to solving a longstanding problem