The heightened focus by the Department of Justice on possible violations of the Foreign Corrupt Practices Act (FCPA) has received much attention from corporate counsel over the last few years — particularly those in-house counsel whose business unit clients conduct business abroad.
The statute was enacted in 1977, but prosecutions were few and far between for nearly three decades. In the last three years, however, the U.S. has prosecuted more FCPA cases than in all previous years combined.
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