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#fcpa

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On February 10, Trump issued an executive order pausing enforcement of the "Foreign Corrupt Practices Act" ( #FCPA ) for at least 180 days.

This move has sparked intense debate over whether it effectively legalizes bribery for American businesses operating overseas

—or if it simply removes what some see as unnecessary obstacles to US economic competitiveness
(by legalizing bribery for American businesses operating overseas)
timesofindia.indiatimes.com/wo

The Times of IndiaBribing legal? What Donald Trump pausing FCPA means for American business | - The Times of IndiaPresident Trump's executive order to halt enforcement of the Foreign Corrupt Practices Act (FCPA) raises critical questions about the legality of bribery for US companies abroad and its impact on global business ethics and competition.

While the US Supreme Court aggressively slashes into every US corruption law, the SEC and DOJ have all but stopped enforcing one of the remaining laws, the Foreign Corrupt Practices Act. Not a single new proceeding brought in 2Q24.

And only 11 US companies have been charged under the FCPA in the entire Biden administration, vs. 25 under Trump and 16 just in the last year of the Obama administration.

all from fcpa.stanford.edu/index.html

"Albemarle Corporation, a publicly-traded specialty chemicals manufacturing company headquartered in Charlotte, North Carolina, has agreed to pay more than $218M to resolve investigations by the #DOJ and #SEC into violations of the Foreign Corrupt Practices Act stemming from Albemarle’s participation in corrupt schemes to pay bribes to government officials in multiple foreign countries"
justice.gov/opa/pr/albemarle-p
--
#corporations #bribery #FCPA #Albemarle

www.justice.gov · Albemarle to Pay Over $218M to Resolve Foreign Corrupt Practices Act Investigation