Business Roundtable on the Foreign Corrupt Practices Act (FCPA)

Printer-friendly version

By Cameron Kerry, General Counsel for the U.S. Department of Commerce.

On July 22, I had the opportunity to co-host, with my colleagues Assistant Attorney General for the Criminal Division Lanny Breuer and Securities and Exchange Commission Enforcement Director Robert Khuzami, a business roundtable on the Foreign Corrupt Practices Act.  The roundtable was an opportunity for interested companies to relate their individual experiences with and views on the FCPA, in keeping with recommendations the United States received from the Organization for Economic Cooperation and Development (OECD) Working Group on Bribery in its Phase 3 Report on U.S. implementation and enforcement of the Antibribery Convention, at:  OECD Phase 3 Report .

Over twenty company representatives from a wide range of business sectors, sizes, and geographic locations participated.  Participants were recommended by business associations with an interest in this area. We engaged in an open and constructive dialogue and many participants noted that U.S. business and the government must work together to fight international bribery and corruption in order to uphold the rule of law and support human rights. We heard an array of concerns, complaints, and compliments about the statute, its enforcement and related guidance, and I was encouraged by the large turnout, the frank conversation, and the clear dedication of all participants to address the corrosive impact of corruption on international commerce.

I’d like to thank each and every one of the business representatives for taking the time to attend the roundtable and their excellent participation. I invite all interested parties to visit the Commerce and DOJ websites for more information on the statute, such as the Lay-Person’s Guide to the FCPA, and our international efforts to level the playing field:

DOJ-FCPA

DOJ-Lay-Person's Guide to the FCPA

Commerce-FCPA