FCPA Self-Reporting Still A Tough Sell

Law360, New York (February 25, 2011, 6:32 PM EST) -- The dilemma companies face when deciding whether to report possible violations of the Foreign Corrupt Practices Act isn't getting any easier, as the risks of self-reporting look more and more clear, while the rewards remain nebulous at best, experts say.

While companies have no obligation to voluntarily disclose bribery and other potential violations of the FCPA, the U.S. Department of Justice and the U.S. Securities and Exchange Commission have encouraged companies to come forward without codifying the benefits of doing so.

The invitation has gotten harder...
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