American corporate anti-bribery and anti-corruption laws form the basis for one of the largest and busiest fields of white-collar legal practice in the world.
Other countries have even developed their own enforcement mechanisms in response to the increasing importance of American anti-corruption laws. But prior to 2000, enforcement of U.S. anti-corruption laws rarely occurred. What prompted this dramatic and rapid change?
Scholars argue changing global attitudes and U.S. legal culture have impacted white-collar prosecutions
The main U.S. anti-corruption law – the Foreign Corrupt Practices Act (FCPA) – always allowed prosecutors to target both U.S. and foreign companies that bribed foreign government officials. But, as Brewster and Buell note, since evidence of illegal bribes was often located overseas, U.S. prosecutors needed the help of local authorities to collect this evidence. And many governments refused to aid U.S. anti-corruption enforcement efforts.
>> Read complete article: How Global Anti-corruption Enforcement Grew | The Regulatory Review