Keeping Tabs on the FCPA
SINGAPORE–LAWFUEL – The Law Newswire – August 14, 2007 – Lawyers, business people, academics and others have a new way to follow developments in the Foreign Corrupt Practices Act. The FCPA Blog, launched earlier this month, describes itself as “News and Views About The United States Foreign Corrupt Practices Act.”
One of the most talked about United States laws, the Foreign Corrupt Practices Act prohibits bribing foreign officials to obtain or retain work. Violators can pay fines and penalties reaching tens of millions of dollars, and serve up to five years in prison.
Interest in the FCPA is likely to intensify. The U.S. Department of Justice recently said it will step up enforcement. More cases of bribery are being reported worldwide, especially in the oil and gas and communications industries.
The FCPA Blog is the product of attorneys from Cassin Law LLC, an American law firm with an international practice. Through the firm’s compliance work, it handles FCPA matters for U.S. and foreign companies that are subject to the law.
“We want to help companies and individuals comply with the FCPA ,” said Richard L. Cassin, one of the lawyers responsible for the blog. “It’s always important to have current information. And we talk about the evergreen issues– those FCPA areas that general counsels and compliance officers deal with every day.”
View the News Release Here.