Wednesday, February 20, 2013

US business seeks more clarity on foreign bribery law





US business groups have renewed their campaign to amend an anti-foreign bribery law, suggesting authorities should give companies additional defences against criminal charges.


The US Chamber of Commerce and others have complained the Foreign Corrupt Practices Act, a 1970s-era law that bars US companies and others from paying bribes to officials of foreign governments in exchange for business, is ambiguous.


So far they have unsuccessfully lobbied Congress to amend it.









via Business feed http://www.scmp.com/business/economy/article/1154559/us-business-seeks-more-clarity-foreign-bribery-law

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