FCPA Crackdown Not Enough To Stop Bribery, CFOs Say

Law360, New York (May 23, 2012, 4:55 PM EDT) -- Companies are increasingly willing to pay bribes to secure business in expanding foreign markets, despite the threat of prosecution under the U.S. Foreign Corrupt Practices Act and other anti-bribery laws, according to a survey released Wednesday.

A recent crackdown by U.S. authorities against violations of the FCPA, as well as similar enforcement actions in the U.K., have actually coincided with more tolerance for corruption, according to a survey by accounting firm Ernst & Young Global Ltd. The survey was based on more than 1,700 interviews with...
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