The Foreign Corrupt Practices Act, the DOJ, and the SEC
Just this year, the companies of Halliburton and KBR, Inc. were charged with violating the Foreign Corrupt Practices Act. They accepted, and made, payoffs in order to ensure the continuance of construction contracts. Many other bits of evidence were found that further proved that they were committing acts of bribery, such as violations regarding the inner business workings which included the falsifying of accounting books and records. The United States Securities and Exchange Commission required both of these companies to pay more than one hundred and fifty million dollars in fines.
This coincides with the more than four hundred million that the Department of Justice is requiring them to pay, making this the largest settlement to be be handed out in United States history since the inception of the FCPA. The FCPA spokesperson has assured the American public that they will continue to deal with this corporate greed with the most severe of reactions and investigations. Putting greed ahead of the law will just not be tolerated. They are at work not only in America, but across the borders as well, keeping an eye on all of the transactions, business and financial, that affect the people of this country. Illegal and illicit acts will be discovered and punished accordingly.
All the law enforcement agencies are coming together and collaborating on this effort. No violations to the Foreign Corrupt Practices Act will be tolerated in the US, and many other countries are adopting this stance as well. Members of the Department of Justice, the SEC and theFCPA state that the end to this corruption in the form of bribery is their main focus, and they believe that the end is near. Prosecution and penalties will be sought by these organizations, to the fullest extent of the law, as they try to put an end to this form of corruption on the American people and the people of the world.