FOR IMMEDIATE RELEASE
State and Federal Communications Inc. Releases New Informative White Paper on The Foreign Corrupt Practices Act (FCPA), First Enacted 40 Years Ago
Akron, Ohio – April 12, 2017 – State and Federal Communications Inc., the industry leader in providing comprehensive compliance publications and consulting services on lobbying and campaign finance laws for government relations professionals, has released a new white paper on The Foreign Corrupt Practices Act (FCPA).
“Legal compliance with all the rules and regulations is always important to the broad network of government relations professionals, companies, and organizations we serve,” says State and Federal Communications President and CEO Ms. Elizabeth Z. Bartz. “We prepared this white paper to explain the purpose of the FCPA as an anti-bribery statute, and to provide background on preventing the bribery of governmental officials of foreign nations by individuals and entities under the jurisdiction of the United States.”
As an overview, the purpose of the he FCPA is to prohibit giving a payment of any money or other thing of value to a foreign official for purposes of influencing the official to act in a corrupt manner in order to obtain or retain business. The corrupt action could be an unlawful act or behavior made to secure an unfair advantage for the donor. The FCPA was enacted in 1977 and is enforced by the Securities and Exchange Commission (SEC).
FCPA enforcement continues to be a high priority area for the SEC. Violations can lead to substantial punitive actions including civil and criminal enforcement actions against issuers and their officers, directors, employees, stockholders, and agents. The growing frequency of settlements, non-prosecution agreements, oversight, and self-reporting make understanding the depth of the FCPA’s impact on corporate business increasingly apparent and important.
The State and Federal Communications white paper of the FCPA is useful for all practitioners and government relations professionals involved in international business and compliance.
To obtain a free copy of the white paper, visit the State and Federal Communications website page at https://marketing.stateandfed.com/acton/media/6495/foreign-corrupt-practices-act to access this PDF.
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About State and Federal Communications, Inc.
Founded in 1993, State and Federal Communications, Inc. provides government compliance information and consulting to many of the Fortune 500 companies; to trade, labor, and professional associations; and to corporate and contract lobbyists in all 50 states. The firm's in-house staff of attorneys is expert in state, federal, and municipal laws regarding lobbying, political contributions, and procurement lobbying. The company distributes accurate, comprehensive, and timely information through online and printed resources, which its clients rely on to maintain compliance with laws in all 50 states, the federal government, and more than 125 municipalities. For more information, visit http://www.stateandfed.com/
State and Federal
Communications, Inc., 80 South Summit Street, Suite 100, Akron,
Ohio 44308 USA