Anti-bribery pact; corruption is target of multilateral efforts; The Convention on Combating Bribery of Foreign Public Officials has 29 signatories
Article Abstract:
The Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, which 29 member states of the Organiszation for Economic Cooperation and Development, including the US and five nonmember observers, have signed, marked the giving way of the US Foreign Corrupt Practices Act's unilateralism to an international effort. Some of the convention's signatories are are home to the main competitors of US firms. The convention imposes unprecedented duties to enact criminal laws which bar the bribery of foreign public officials for improper business advantages.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1998
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Complying with the Foreign Corrupt Practices Act: because offshore bribes will be prosecuted at home, companies must develop internal controls
Article Abstract:
Corporations should take a number of proactive steps to ensure compliance with the Foreign Corrupt Practices Act that Congress passed in 1977 in the wake of Watergate. A recent $25 million fine indicates the government's continued willingness to use the act. Companies should carefully screen both employees going overseas and potential foreign partners. They should establish a written policy and ensure the relevant employees have read and understand it. Internal controls and procedures are critical, especially overseas.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1995
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Bills toughen standards for hiring alien workers: legislation seeks more stringent requirements for complying with employment verification rules
Article Abstract:
A trend toward stronger anti-immigration measures, evidenced by two bills in Congress, suggests counsel should help ensure their clients are conforming to the Immigration Reform and Control Act of 1986 and the Immigration and Nationality Act. The Employment Eligibility Form, or form I-9, is the most important point of compliance, and the Immigration and Naturalization Service conducts 60,000 I-9 inspections annually. Employers should make sure each form is promptly and properly completed and full records kept.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1995
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