Yesterday the Wall Street Journal reported on its website that the SEC has been receiving at least one tip a day regarding potential violations of the Foreign Corrupt Practices Act (FCPA), a 1977 law that criminalizes bribery of foreign officials by companies within the jurisdiction of U.S. law. The article also notes that the number of FCPA enforcement actions by the SEC and the Justice Department has increased eight-fold since 2004.
The FCPA is clearly a well intended law that aims to deter harmful conduct. But the massive increase in recent FCPA enforcement actions has raised questions about whether the law is being enforced fairly and consistently.
The Institute for Legal Reform will be examining this and other important issues at its 11th Annual Legal Reform Summit on October 27. Former Attorney General Michael Mukasey will moderate a panel that will discuss recent trends in FCPA enforcement as well as possible improvements to the existing statute.
For more information on the Summit, visit: http://www.LegalReformSummit.com/