Defining Compliance After Wal-Mart And Morgan Stanley

Law360, New York (July 31, 2012, 2:08 PM EDT) -- In late April 2012, a New York Times article alleging that Wal-Mart covered up bribes paid to obtain business in Mexico set the legal and regulatory community abuzz about the Foreign Corrupt Practices Act and the proper steps to take once allegations of bribery abroad surface. Just days later, the U.S. Department of Justice took the rare step of stating publicly that it would not prosecute another large multinational corporation, Morgan Stanley, for FCPA violations committed by an employee in China.

In a release, the DOJ...
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