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Consequences for FCPA Compliance

By Lucinda A. Low
September 01, 2003

Part One of a Two-Part Article

We all know by now that the Sarbanes-Oxley legislation was designed to strengthen corporate governance of publicly traded companies in the wake of Enron and other corporate accounting and fraud scandals of recent years. Its focus was principally on domestic corporate conduct. However, in just the short time since its enactment in 2002, the Act has begun to have a profound impact on other areas of corporate compliance and risk management as well. One of these is the U.S. Foreign Corrupt Practices Act (FCPA). See Pub. L. No. 95-213, 91 Stat. 1494 (1977); as amended by Pub. L. No. 100-418, 102 Stat. 1107 (1988), Pub. L. No. 105-366, 112 Stat. 3302 (1998); codified at 15 U.S.C. ” 78m, 78dd-1 et seq.

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