FCPA Prof. Looks at Compliance By the Book

, Corporate Counsel

   | 1 Comments

Michael Koehler, the outspoken editor of a popular blog about the Foreign Corrupt Practices Act, has a new book out, "The Foreign Corrupt Practices Act In a New Era."

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What's being said

  • Jeffrey A.

    While FCPA plays well on paper here, truth be told, our lobbying system is clearly interpreted by most Foreign Governments as a "Do as I say, not as I do" mandate. One must understand that when dealing with certain Countries, the official needed you are requesting permission to do business in their country with is an under-paid bureaucrat placed in that position by a higher ranking official that demands he pass along payments to maintain his job. This is a time honored practice in most countries that have shaken off the once colonized status they held for decades, or centuries. For the US to force its hypocritical mandates on these countries will only block the US compliant companies from active competition against Russian, Chinese, and Japanese companies (To name a few). Also, the DOJ has selective enforcement and prosecution when its deemed expedient for the US to obtain a foot-hold in needed markets, as well as when US lobbyist twist enough arms with their "contributions". The FCPA is tantamount to sending your accountant into a heavyweight prize fight blind folded and hand-cuffed.

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