Global Financial Integrity

 

Foreign Corrupt Practices Act Under Fire

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Monique Perry Danziger, +1 202 293 0740 ext. 222

Global Financial Integrity Director Raymond Baker Warns of Danger to the World’s Flagship Anti-Corruption Legislation

WASHINGTON, DC – To mark this year’s International Anti-Corruption Day, Global Financial Integrity (GFI) director Raymond Baker has written a piece warning against challenges posed to the United State’s key anti-corruption legislation, the Foreign Corrupt Practices Act (FCPA).

In a just-published opinion piece for the Huffington Post, Baker writes:

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 piece may be read in full at this link.

GFI also takes a look back at 2010 to see what gains were made and what challenges remain for anti-corruption efforts. Click here to read.