What are the possible civil consequences for violating the anti-bribery provisions of the Foreign Corrupt Practices Act (FCPA)?
Either the Attorney General or the Securities and Exchange Commission (SEC) can bring a civil action against any firm or officer, director, employee, agent, or stockholder acting on behalf of a firm. The fine can be as much as $10,000. In SEC enforcement actions, a court could impose an additional fine not greater than (1) the gross amount of the defendant’s monetary gain resulting from the violation; or (2) a specified dollar limitation, based on the egregiousness of the violation, ranging from $5000 to $100,000 for a person and $50,000 to $500,000 for a company.
Related Questions
- The anti-bribery provisions of the Foreign Corrupt Practices Act (FCPA) refer to "issuers" and "domestic concerns" — who are issuers and domestic concerns under the FCPA?
- What other sorts of action may the government take for violating the anti-bribery provisions of the Foreign Corrupt Practices Act (FCPA)?
- What are the possible criminal penalties for violating the Foreign Corrupt Practices Act (FCPA)?
