FCPA Guide: What Industry Wanted And What Industry Got
November 16, 2012, 1:09 PM EST
Law360, New York (November 16, 2012, 1:09 PM EST) -- What’s in a name? Judging by the 120-page Foreign Corrupt Practices Act resource guide published Nov. 14, a lot. Prosecutors cherish their discretion. So it should come as no surprise that instead of publishing “guidance” or “principles” laying out a definitive roadmap for FCPA compliance, the U.S. Department of Justice and U.S. Securities and Exchange Commission created a mini-treatise dubbed a “resource guide.”
The new guide will surely be a valuable resource. It provides useful guideposts for compliance professionals, outside counsel, and even prosecutors. Much will...