Little Slack For FCPA Self-Reporters Shows Need For Guidance

Law360, New York (October 5, 2012, 7:02 PM EDT) -- As attorneys await an upcoming compliance guide to the Foreign Corrupt Practices Act from the U.S. Department of Justice, a recent study finding that companies self-reporting violations don't necessarily get breaks on sanctions from regulators lends support to the business community's calls for clear-cut cooperation rules, experts say.

In a recent working paper, New York University law professors Kevin Davis and Stephen Choi found no evidence that companies that voluntarily self-reported FCPA violations got any significant break in sanctions from the U.S. Securities and Exchange Commission...
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