Law360, New York ( March 16, 2015, 10:00 AM EDT) -- Recent U.S. Securities and Exchange Commission enforcement actions and related commentary from commission leadership demonstrate the SEC's intent to penalize companies paying commercial bribes for violations of the accounting provisions of the U.S. Foreign Corrupt Practices Act. This trend belies a commonly held misconception that the FCPA pertains only to bribes and accounting improprieties involving foreign public officials. It also demonstrates the SEC's increasingly expansive enforcement of the FCPA. In light of this development, companies should take steps to ensure that their compliance programs and internal controls adequately address commercial bribery and prioritize accuracy in bookkeeping....
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