 Image from a quicklink (Image by Unknown Owner) Details DMCA | U.S. corporations asked the government to explain what it considers a bribe of a foreign official, saying the lack of clarity has had a chilling effect on business. The Chamber of Commerce and dozens of other trade groups wrote a letter Tuesday to law enforcement officials laying out the guidance they want regarding the Foreign Corrupt Practices Act, which bars such bribes. The letter comes days after two Democratic senators urged the U.S. Justice Department to provide information about how it enforces the law to offer more "predictability" to companies subject to it. The U.S. government has stepped up its enforcement of the FCPA, extracting $1.8 billion in sanctions from 23 companies in 2010, according to an industry blog, the FCPA Blog. |
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At www.huffingtonpost.com
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