AKRON, Ohio, April 27, 2017 /PRNewswire/ -- State and Federal Communications, Inc., based here, 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, free white paper on The Foreign Corrupt Practices Act (FCPA), available for PDF download at http://marketing.stateandfed.com/acton/media/6495/foreign-corrupt-practices-act
"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."
FCPA enforcement continues as a high priority area for the SEC. Violations lead to substantial punitive actions including civil and criminal enforcement actions against issuers and their officers, directors, employees, stockholders, and agents. 2016 was by far the largest year of penalties totaling millions of dollars. 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 purpose of the 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).
The State and Federal Communications FCPA white paper is useful for all practitioners and government relations professionals involved in international business and compliance.
State and Federal Communications, Inc., founded in 1993, provides government compliance information and consulting to many Fortune 500 companies; to trade, labor, and professional associations; and to corporate and contract lobbyists. The firm's staff of attorneys is expert in state, federal, and municipal laws regarding lobbying, political contributions, and procurement lobbying. http://www.stateandfed.com/
Elizabeth Z. Bartz
State and Federal Communications, Inc.
Office: 330-761-9960, ext 115
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SOURCE State and Federal Communications, Inc.