Foreign Corrupt Practices Act - 1275 Words

Running Head: FOREIGN CORRUPT PRACTICES ACT 1 FOREIGN CORRUPT PRACTICES ACT BUSINESS LAW Katherine Hall-Blair Keiser University FOREIGN CORRUPT PRACTICES ACT 2 FOREIGN CORRUPT PRACTICES ACT In the face of improper payments to officials abroad, the United States introduced the Foreign Corrupt Practices Act (FCPA) of 1977. This act was a pioneer step for the government of the United States to combat illegal bribes by not only U.S. companies, but overseas companies as well. Other countries have now taken note and apply their own laws (1). It began with the Watergate scandal and an investigation into then-President Nixon’s re-election campaign contributions. It was discovered that hundreds of U.S. corporations held large cash slush funds, which the Securities Exchange Commission (SEC) determined were destined to be paid out as bribes to foreign officials as hundreds of millions had already been spent for that same reason (1). Even though some European countries held that bribing officials was legal, in fact, an expense that could be reported and deducted on corporate tax returns, the Congress of the United States passed, in 1977, the Foreign Corrupt Practice s Act (FCPA)(1). This act was intended to stop the bribing of foreign officials in order to obtain or retain business and reached all U.S. publicly traded companies, along with their directors, officers, managers, employees, agents, and stockholders (2). AmendmentsShow MoreRelatedThe Foreign Corrupt Practices Act1442 Words   |  6 PagesThe Foreign Corrupt Practices Act has been pursued by government agencies recently as the SEC, the FBI, and Department of Justice are cracking down on international business corruption. Companies are working harder at expanding economically in the market by doing business with individuals and other companies in foreign countries. Foreign countries are not always in compliance with US laws and regulations, causing US companies who deal with them issues with compliance on the home front. Because ofRead MoreThe Foreign Corrupt Practices Act1551 Words   |  7 PagesThe foreign Corrupt Practices Act prohibits paying or offering anything of value to foreign officials for the purpose of obtaining or keeping a business. The FCPA was enacted by congress in 1977 due to various reports that were made by the Security and Exchange Commission (SEC). The Security and Exchange Commission (SEC) reported different issues concerning bribery and illegal payments by United Sates companies. The FCPA states that it’s unlawful to make payments to foreign officials; having a corruptRead MoreThe Foreign Corrupt Practices Act1320 Words   |  6 PagesI. Introduction The Foreign Corrupt Practices Act (â€Å"FCPA†) is the first globally enforcing statute making anti-corruption effort in the world. It has been known for the broad enforcement coverage in terms of the worldwide governing jurisdiction and anti-gaming legislative approach leading to a long time debates and discussions among practitioners and law commentators. This paper will focus on improving one of the undefined and broadly interpreted terms - â€Å"instrumentality† in the anti-bribery provisionsRead MoreForeign Corrupt Practices Act1207 Words   |  5 PagesFCPA PAPER The Foreign Corrupt Practices Act of 1977 (FCPA) evolved from investigations by the Office of the Special Prosecutor that provided evidence of illegal acts perpetrated by U.S. firms in foreign lands. More than 400 U.S. companies admitted to making questionable payments to various foreign governments and political parties as part of an amnesty program (U.S. Department of Justice http://www.usdoj.gov). Given the environment of the 1970s and the proliferation of white-collar crimes (e.gRead MoreForeign Corrupt Practices Act :836 Words   |  4 PagesVincent Petraro Foreign Corrupt Practices Act Foreign Corrupt Practices Act was introduced in 1977.It was made effective from December 19, 1977. Foreign Corrupt Practices Act applies to all citizen of United State and certain foreign issuers of security and foreign companies. The Minor changes were made in the year 1988 and in 1998.Foreign Corrupt Practices Act has two main Provision (a)Accounting Transparency under Securities Exchange Commission, 1934. (b)Bribery of Foreign Officials. DepartmentRead MoreThe Foreign Corrupt Practices Act1181 Words   |  5 PagesWhile reading this case analysis, The Foreign Corrupt Practices Act came into discussion as an underlying factor in Weihardt’s decision. The Foreign Corrupt Practices Act was enacted for the purpose of making it unlawful for certain classes of persons and entities to make payments to foreign government officials to assist in obtaining or retaining business. This practice applies to Weinhardt in the fact that he was given the opportunity to give Lee a bribe to obtain Lees’ business. If WeinhardtRead MoreThe Foreign Corrupt Practices Act654 Words   |  3 PagesThe Foreign Corrupt Practices Act The Foreign Corrupt Practices Act (FCPA) of 1977 and the corresponding amendments set forth by the Omnibus Trade and Competitiveness Act of 1988 and Amendments of 1998 have tremendous ramifications for U.S. multinational companies at large, their subsidiaries, and foreign partners.   While the main purpose of the original policy was to make it â€Å"unlawful to bribe foreign government officials to obtain or retain business†, the many statutes, their exceptionsRead MoreThe Foreign Corrupt Practices Act1028 Words   |  4 Pagesproblems. Such is the case with the Foreign Corrupt Practices Act - passed with the purpose of keeping companies that do business in the US ethical in their business dealings. The main purpose of the act is to prevent companies from paying bribes to foreign officials, though there are other provisions included. It is only fitting that Wal-Mart, the largest retail store in the United States (2013 Top Global Retailers) has had allegations of wron gdoing related to the act. Wal-Mart was reported to haveRead MoreThe Foreign Corrupt Practices Act Of 19771104 Words   |  5 PagesThe Foreign Corrupt Practices Act of 1977 (FCPA) evolved from investigations by the Office of the Special Prosecutor that provided evidence of illegal acts perpetrated by U.S. firms in foreign lands. More than 400 U.S. companies admitted to making questionable payments to various foreign governments and political parties as part of an amnesty program (U.S. Department of Justice http://www.usdoj.gov). Given the environment of the 1970s and the proliferation of white-collar crimes (e.g., insider tradingRead MoreEssay On Foreign Corrupt Practices Act1405 Words   |  6 PagesVu Le Vu LGLS 3562 Michael Valenza December 7th, 2017 Foreign Corrupt Practices Act (FCPA) FCPA Background The U.S. Foreign Corrupt Practices Act (the â€Å"FCPA† or the â€Å"Act†) is one of the primary statutes in the U.S. for fighting against corruption around the world. After the Watergate scandals and revelation of widespread corruption and bribery all over the globe by U.S companies, the FCPA was established in 1977 by Congress [1]. Before passing the FCPA, the government found that more than 400 companies

Great Expectations By Charles Dickens - 1390 Words

Great Expectations Great expectations can be summarized in one word, bildungsroman. It’s a big word just how Great Expectations is a big book, about 400 pages to be exact. Bildungsroman is a word used by many English teachers and scholars to describe a story about growing up. Great Expectations comes to follow a young orphan, whose name is Pip, going from boyhood to manhood. The book also isn’t about watching a character grow older; it’s about watching how a character changes, hopefully for the better. In Pips case, the growth comes in how he changes his expectations, in other words, his ambitions. In the first stage of his expectations, Pip desires to be a gentleman; wealthy, well respected, upper-class. By the end, Pip has come to†¦show more content†¦Miss Havisham was very strange; she would ware her old dusty wedding dress often, and teaches Stella to be a cold hearted man hater. On the other hand, Pips slowly starts falling for Stella. Unfortunately Stella has other plans and marries a man named Drummel. The whole time Pip is thinking that Mss. Havisham is priming him to be a gentleman, but later disappoints him by telling he that he better start hustling as a black smith with his brother Joe Then came a lawyer by the name of Jaggers, who informs Pip that he has inherited much wealth by an anonymous source. Pip soon kicks Joe to the curve and heads to London to start living in the high life. In London, he meets his new best friend, Herbert Pocket. When he wasn’t spending time with Herbert, he was wasting his time falling in love and visiting Stella. Stella again has other plans and rejects him for Drummel. Has his change of life comes, he suspects that Miss Havisham was the one responsible for his new wealth, as a scheme to get Stella and Pip together, but one night he is visited by a get gets a visitor. The visitor explains that his name is Able Magwitch, the escape convict from the grave yard, and that he is the one responsible for Pips new wealth. Pip soon found that able was there illegally, and he had to hide him from the police, while his ex-partner in crime, Compeyson, was lurking around the house threatening their lives. This is when Pip decides that he nee ds to confess to Miss Havisham, and

Street Art Legalization Free Essays

â€Å"Imagine a city where graffiti wasn’t illegal, a city where everybody drew whatever they liked. Where every street was awash with a million colours and little phrases. Where standing at a bus stop was never boring. We will write a custom essay sample on Street Art Legalization or any similar topic only for you Order Now A city that felt like a party where everyone was invited, not just the estate agents and barons of big business. Imagine a city like that and stop leaning against the wall – it’s wet. † (Banksy 85) Graffiti is a global form of expression that is untamed but uses similar methods as advertisements, yet is illegal in most cities. Street art is a way of spreading your name or message, just like a company puts up billboards to get their product to their demographics. Graffiti and Street art in general are just terms for the urban art form of scribing or painting on public space with a message or name. The culture of graffiti is very hard to control since all of the tools needed are in the average person’s home already. Street-Art should be legalized because it is less destructive than advertisements and they are displayed in the same methods. Tagging is the first step in becoming a graffiti writer, It is an artist’s baby steps in to the urban art form known as graffiti. A tag in graffiti is an artist’s signature. It represents who you are, where you’re from, and why you write. As the graffiti writer â€Å"Earsnot† said, â€Å"Tagging is like a timeline† you can follow the tags and see where the person has been that day just by the color of their ink (‘Infamy’) â€Å"The term ‘graffiti’ derives from the greek graphien which means to write† The current meaning of graffiti came to being because that is what the drawings and â€Å"marks found on ancient Roman architecture†(Phillips Par 1). Writers for the majority will not sign their real names; they instead use nicknames, codes, or symbols within complicated lettering systems† (Phillips Par 4). Graffiti usually gets a bad reputation because people see the beautiful murals and wonder why the same artists create ugly scrawl. Graffiti comes in many forms and people really need to understand that. Since there aren’t any two writers at the same level, and all writers are at different steps in the art form. You cannot simply pick up a paint can and created perfect typography and detailed illustrations, no matter what your level of art is in any medium. The grimy, dirty, dripping tag signature comes from the same hands as the enormous multicolored murals† (Gastman 127). Many people say why do graffiti artists tag when they can just do murals. â€Å"Some people want to make the world a better place. I just want to make the world a better-looking place. If you don’t like it, you can paint over it! â €  (Banksy par 15), in this quote the London street-artist Banksy is stating that he doesn’t care if you paint over or buff his work since he is just going to keep doing it. So the government is just wasting paint and money. Street Art is a form of graffiti that uses the same way of portraying the artists work but with different tools and mediums. One of the most common means of getting street-art up is with the use of stencils. Where the artist will take cardboard or plastic and make a cutout into the material, usually displaying and icon or figure. Another common method of street-art is wheat pasting which where you create a poster sketched or printed on larger paper and then create a glue like substance using cornstarch and some form of an epoxy. Some street-artists and graffiti artists alike will â€Å"sticker-bomb† which is where the either print stickers with a message or use shipping labels with a hand drawn character or tag and they will put them on walls, signs, windows, etc. Since it is a much quicker way than using a marker or a can of spray paint where you might get caught in the act if you are not very quick or in a rather crowded place. Graffiti is a cultural phenomenon that cannot be controlled. Every culture that currently exists or has existed has had its own form of graffiti. Modern graffiti is thought to have originated during the Greek empire with political ideas and criticism that people would scribe onto the walls since it would be a definite way that the government would see it. Graffiti cannot be pure vandalism because it can be traced to almost every known society. Also graffiti writers cannot be classified as a single type of person, people who write come from every background. â€Å"Graffiti is a cross-cultural phenomena common to every literate society. Within the variable contexts of their production, graffiti personalize de-personalized space, construct landscapes of identity, make public space into private space, and act as promoters of ethnic unity as well as diversity. Graffiti can be understood as concrete manifestations of personal and communal ideologies which are visually striking, insistent, and provocative; as such, they are worthy of the continued attention of art historians, social scientists, and policy makers alike. † (Phillips 9) Graffiti is going to occur whether it’s legal or not. If government legalized graffiti in public space, the overall crime rate would go down because it would not be added into the statistic of crimes that occurred and governments would not have to pay people to buff out the graffiti. Advertisers capitalized on graffiti strategies. Strategies that started to flourish in the early 1980’s in the New York where innovative writers such as â€Å"Cornbread† would do graffiti on subways and later busses. â€Å"You owe the companies nothing. You especially don’t owe them any courtesy. They have re-arranged the world to put themselves in front of you. They never asked for your permission, don’t even start asking for theirs. † (Banksy 160) As said by Claw â€Å"Im making my stamp and I want it everywhere†¦ † (‘Infamy’) this is exactly what companies are saying when they purchase advertisement space. Advertising and graffiti function on a phenomenological element to arouse the viewer’s curiosity. They rely on the sheer amount of coverage and penetration, just as brands do to grow. If you look into a crowd of people on almost every person you see you can recognize the company that created their clothing. They rely on the quality of the delivery to embed themselves into the viewer’s perception. â€Å"Brandalism; Any advertisement in public space that gives you no choice whether you see it or not is yours. It belongs to you. It’s yours to take, rearrange and re-use. Asking for permission is like asking to keep a rock someone just threw at your head† (Banksy 160). Society has an impact on artists. In popular culture where advertising is seen thousands of times a day it evokes a desire in people to make there mark on this world. The empty promises of ads get flipped upside down when a writer realizes they possessed his or her own ‘brand’. The effect of advertising on young children may have been the catalyst for this global art movement. â€Å"The people who run the cities† do not recognize graffiti because they believe nothing has the right to exist unless it makes revenue. But if you just value capital then your belief is insignificant (Banksy 7). 1 year old Coda Explains, â€Å"Basically, when I look around, I see us living in a modern day Babylon, full of temptation, sin, distraction, corruption, injustice, and misguided fools being mentally enslaved. It seems to me the only way to wake people up from this kind of numbness is to destroy what they know: Their business, their places of commerce and their biggest place of gathering, the cities! Put it on t heir trains, on the lines they take to work, on their rooftops, on their highways, on anything just to make some people realize that culture isn’t ost and that, at the very least, a small group of kids is fighting to keep it alive† (Tucker 1). Graffiti should be legal because it is less destructive to people than advertisements and they are displayed in the very similar methods, yet people are shocked to see it. Graffiti approaching them not in a gallery, but on the streets.. One of the main point that I am trying to prove through this paper even though it isn’t mentioned is, why is the government persecuting people trying to create art and shape the way that modern history is unfolding. How to cite Street Art Legalization, Papers

Asean Solution for Rohingya Plight free essay sample

WHY is Asean silent on the issue of Rohingya Muslims, who have been suffering for centuries under the Myanmar army junta? Recently, they were told to leave the country to a third world nation willing to receive them. This is cruelty towards their own people and it seems that the world is just watching the injustice done to them, without any assistance, support or solution. In June 2012, over 2000 people were displaced in sectarian violence in Myanmar, in which most victims were Muslims. The government promised a full investigation.Representatives from different religions and minorities condemned the atrocities inflicted on the Rohingya Muslims which is a serious human rights violation that the United Nations should stop immediately. In June 2012, 11 innocent Muslims were killed by the Burmese Army and the Buddhist mobs after bringing them down from a bus. A vehement protest was carried out in the Muslim majority province of Arakan, but the protesters fell victims to the tyranny of the mob and the army. We will write a custom essay sample on Asean Solution for Rohingya Plight or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page People were reported killed and millions of homes destroyed in fires as Rohingyas and Buddhist-ethnic Arakanese clashed in western Myanmar.Myanmar has a Buddhist majority. The Muslim minority in Myanmar are mostly the Rohingyas and the descendants of Muslim immigrants from India (including what is now Bangladesh) and China, as well as descendants of earlier Arab and Persian settlers. Indian Muslim were brought to Burma by the British to aid them in clerical work and business. After independence, many Muslims remained in the country. Over the years, thousands of Rohingyas have fled to Thailand. According to reports, there are roughly 111,000 refugees housed in 9 camps along the Thai-Myanmar border.In February 2009, there was evidence of refugees being towed to sea and abandoned and other reports of brutality by the Thai military in which Thailands then prime minister Abhisit Vejjajiva said that there were some instances in which Rohingyas were pushed out to sea. Will the present generation see the light of day? They are part of mankind, why then are we responding apathetically towards them? Asean must respond immediately to solve their issues. Please be sympathetic and empathetic towards the Rohingyas.