FCPA

2 Ways Walmart Is Making You Pay for Its Mexican Corruption

First, executives at Walmart de Mexico facilitated more than $24 million in bribes; then the parent company covered it up. Obviously, now that the crimes have come out, it's bad news for Walmart. Here's why they were bad news for consumers.

Fraud Files: FCPA Enforcement Will Continue to Be Costly

For decades, U.S. companies doing business overseas have had to avoid falling afoul of the Foreign Corrupt Practices Act, which prohibits the bribing of foreign officials. But in the past few years, such corporate misbehavior is receiving more attention and increased enforcement, which is making executives nervous.

Legal Briefing: More Cases Under the Foreign Corrupt Practices Act

Foreign subsidiaries of two American tobacco companies pled guilty to charges of bribing foreign countries. Units of Alliance One Int'l, a N.C.-based global tobacco leaf company, admitted bribing Thai and Kyrgyz officials and will pay $9.25 million in fines and disgorge $10 million in profits.

Fraud Files: Feds Crack Down on Overseas Bribes

The Foreign Corrupt Practices Act makes it illegal for companies to pay foreign officials to get or retain business, and the U.S. government has been stepping up FCPA enforcement actions: More than three times as many FCPA cases were brought in 2009 than were filed in 2005.