Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Naming and Shaming in FCPA Enforcement

Tom Fox | August 31, 2015

One thing that critics of the Foreign Corrupt Practices Act constantly flail is the (alleged) lack of individual prosecutions under the law. They claim that if the Justice Department or Securities and Exchange Commission went after more individuals, this tactic would get the word out to the business community not to violate this 37-year-old law. Of course business organizations that advocate this approach also claim that these “rogue” employees were really the ones at fault, and the companies should not be fined or penalized for their few bad employees.

How about naming and shaming? I thought about that concept when I read article in the Sunday New York Times by Gretchen Morgenson, in the Fair Game Column, “Neglecting to Name the Names.” In this piece she criticized a recent SEC enforcement action involving Citigroup over...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.