FCPA Still An Enigma After New Guidance, Attys Say
By Max Stendahl (November 14, 2012, 8:02 PM EST) -- Long-awaited federal guidelines released Wednesday on the Foreign Corrupt Practices Act left attorneys with burning questions about the anti-bribery law, setting the stage for more hand-wringing and disappointing those who'd hoped for more.
The 120-page compliance guide, first announced in November 2011, was issued to much fanfare by the U.S. Department of Justice and U.S. Securities and Exchange Commission. Attorneys and corporations have long complained to the agencies about supposedly vague points in the 1977 law, which bars companies from making or offering improper payments to officials of foreign governments in order to secure business.
Wednesday's guide did not appear to...
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