The three-legged stool

Three weapons currently in the arsenal of our law enforcement authorities form a three-legged stool. They are The Foreign Corrupt Practices Act, the Financial Action Task Force and the Foreign Account Tax Compliance Act. Together, they close previously existing legal “loopholes” that protected corrupt and illegal behavior.

Le Nouvelliste
Par Le Nouvelliste
02 mai 2014 | Lecture : 5 min.
The Foreign Corrupt Practices Act of 1977 (FCPA) This act makes it unlawful for certain classes of persons and entities to make payments to foreign government officials to assist in obtaining or retaining business. Its anti-bribery provisions prohibit the willful use of the mails or any means of instrumentality of interstate commerce corruptly in furtherance of any offer, payment, promise to pay, or authorization of the payment of money or anything of value to any person, while knowing that all or a portion of such money or thing of value will

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