The Oil Industry and Africa: The Expanding Reach of the Foreign Corrupt Practices Act

Deming Stuart H.

The Law and Development Review, 2011, vol. 4, issue 3, 311-370

Abstract: As a statute designed to deter improper inducements to foreign officials in connection with business activities, the enforcement of the Foreign Corrupt Practices Act (FCPA) has over time dramatically increased in its reach. This article examines the reach of the FCPA into Africa with special reference to corrupt practices in the oil industry. Owing to the combined enforcement activities of the US Department of Justice and the Securities and Exchange Commission, it concludes by arguing that the FCPA's impact and potency in the developing world will continue to grow.

Keywords: oil; Africa; corruption; Foreign Corrupt Practices Act; public officials (search for similar items in EconPapers)
Date: 2011
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DOI: 10.2202/1943-3867.1140

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