Globalization of Foreign Corrupt Practices Law

Foreign and domestic corrupt practices are embedded in many nations of the world. The law of foreign corrupt practices owes its origins primarily to the U.S. Foreign Corrupt Practices Act of 1977 (FCPA). Two decades later, the Organization for Economic Cooperation and Development (OECD) adopted a Convention combating bribery of foreign public officials largely applicable to developed nations. In 2005, the United Nations Convention against Corruption expanded the anti-corruption campaign to much of the globe. The OECD and U.N. Conventions  magnify the need for extensive compliance programs and the need for assessment of the effectiveness therof. Read more?