Currently viewing the tag: "bribery"

How do companies actually pay bribes in today’s world? The short answer is, by “cooking” their accounts to hide the funds. Companies try to do this in a number of ways, but U.S. enforcement authorities are tuned in, especially when it comes to bribery of foreign officials in connection with international business transactions, which is prohibited by the U.S. Foreign Corrupt Practices Act (FCPA).[1] The U.S. Department of Justice and U.S. Securities & Exchange Commission both have amped up their resources in recent years to make sure they can uncover even the slyest schemes to pay bribes abroad.


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