Home arrow Newsroom arrow Op-Eds arrow Keeping Commitments
Keeping Commitments

By Raymond Baker

The Huffington Post

December 9, 2010

 

This year's International Anti-Corruption Day is marred by a U.S. Chamber of Commerce attempt to weaken the Foreign Corrupt Practices Act (FCPA), our nation's flagship anti-corruption legislation. Passed in 1977, the FCPA was a response to eroded public trust in government following the Watergate scandal and the admission by Lockheed and some 400 other American companies that bribery to foreign officials was a commonplace practice in international commerce.

 

The U.S. FCPA stood virtually alone on the global stage in the fight against corruption until the late 1990s, when other nations began adopting similar prohibitions. Today, the FCPA is buttressed by the UN Convention Against Corruption, a similar document binding members of the Organization for Economic Cooperation and Development, regional commitments, and a significant focus on the issue by the G20.

 

Read more...

 

 
Creative Commons BY-NC-ND

Except where otherwise stated, content on this site is licensed under a
Creative Commons Attribution-Noncommercial-No Derivative License.


© 2006-2013 Global Financial Integrity | Some rights reserved.