Should the U.S. Foreign Corrupt Practices Act (FCPA) be used as a vehicle for restorative justice? The FCPA is currently enforced with the aim of deterring the bribery of foreign officials. The 1977 law prescribes civil and criminal liability for individuals and entities, with the potential for criminal fines of up to $25 million and… Read More
This article originally appeared on the Russian International Affairs Council blog. By Patricia E. Dowden and Philip M. Nichols What standards should businesses observe in their own countries, or abroad? Businesses now have resources and influence that rival or surpass those of governments and certainly of ordinary people.[1] The choices businesses make can profoundly influence… Read More
Ethics is an increasingly important component of doing business for both small and medium sized enterprises to multinational corporations in today’s globalized world. The Center for International Private Enterprise (CIPE) has long been an active advocate for better business practices with its focus on anti-corruption initiatives and promoting corporate social responsibility. Ethisphere Institute, a global… Read More
By Evelyn M. Suarez On November 27, 2014, the World Trade Organization (WTO) was finally able to overcome an impasse created by India in July which prevented implementation of the Trade Facilitation Agreement reached in Bali in December 7, 2013. As described by WTO Director General (DG) Azevedo, “the impasse related to the political link… Read More
By Rick Messick The World Bank’s Integrity Vice-Presidency is celebrating its 15th anniversary. It recently asked a number of individuals for their thoughts on the anticorruption movement over the past 15 years. INT’s questions and my replies below. 1) How has the anti-corruption movement changed in the past 15 years? Fifteen years ago consensus about corruption… Read More
Known as “The FCPA Professor” for his highly trafficked blog, Southern Illinois University Law Professor Mike Koehler spoke in Washington, DC on October 2, 2014 about what he sees as flaws in the way FCPA enforcement is carried out. In his latest book, The Foreign Corrupt Practices Act in a New Era, Koehler dissects recent developments… Read More