Home News Weather Finance Travel Maps Movies Lottery Horoscopes Games
 SECTION: MISCELLANEOUS SCIENCE & TECHNOLOGY STORIES
Search The Web:
DOMAIN NAMES
AS LOW AS $2.99 / YR.
U.S. Steps Up Foreign Bribe Enforcement
Sunday, 07-Feb-2010 11:14PM United Press International
USTINET NEWS

 » Front Page

 » Top Stories

 » U.S.

 » World

 » Politics

 » Business

 » Sports

 » Health

 » Tech/Science

    Aerospace & NASA

    Computers

    Electronics

    Environment

    Nuclear

    Science

    Telecomm

 » Living/Entertainment

 » Off Beat Stories

 » News Photos

 » Weather


Special Editions

 » Iraq & Conflict

 » Israel/Palestine

 » Crimes & Laws


MultiMedia

 » Interactive Features

 » News Photos


POLL: Your Opinion

 » What Do You Think




WASHINGTON, Feb. 7 (UPI) -- U.S. authorities have stepped up enforcement of laws banning American bribes to foreign interests to obtain contracts for overseas business, the FBI said.

SAVE MONEY ON TRAVEL DEALS

Law enforcement officials have reached multimillion-dollar settlements with corporations and arrested some executives in connection with the crackdown, The Washington Post reported in Monday's edition.

The second-largest defense contractor in the world, BAE Systems, Friday agreed to pay $400 million as part of a settlement in a long-running case involving alleged violations of the Foreign Corrupt Practices Act, which forbids paying bribes to government officials to win contracts. The company was accused of misleading officials at the Defense and State departments regarding its efforts to comply with terms of the law, the Post said.

The FBI recently disclosed a 2 1/2-year sting operation in connection with FCPA enforcement, leading to the arrest of more than 20 people who work in the defense and law enforcement equipment sector. Kevin Perkins, FBI assistant director for criminal investigations, told the Post FCPA investigations "are one of the FBI's highest priorities in the criminal program."

"Work done in this arena helps ensure stability in business dealings internationally, placing all players on a level playing field", he said.

Justice Department records indicate U.S. prosecutors have more than doubled the pursuit of criminal cases in connection with FCPA violations during the past three years, the newspaper said.

- - - - - - - - - - - - - - - - - - - -
Related News Topics:

Defense industry news
Top news from around the world
News of militaries from around the world
Police officers, prisons, law enforcement
Miscellaneous science and technology stories
Social issues
Miscellaneous social issues

 BREAKING STORIES

Minimally invasive MitraClip promising

Race may affect need for vitamin D

Confidence is key to gauging impressions

Blacks highest cancer risk, don't know it

Funds awarded to expand medical IT use

Millions of older ER patients got wrong Rx

Americans feeling better about environment

South Korea to fight Web addiction

Number error led to British sub accident

FCC to submit far-reaching broadband plan

Space shuttle Discovery problem reported

NASA considers sampling another asteroid

Crews search for man from sunken boat

Half-male and half-female chickens studied

Insulin-like growth factors studied

Hormone hikes cotton yields in droughts

Cells in amniotic fluid become stem cells

iPad sales: Zero to 51,000 in 2 hours

Legionnaires' disease outbreak feared

Apparent cause determined for Texas quakes

Home News Weather Finance Travel Maps Movies Lottery Horoscopes Games
Home :: My Page :: My WebMail :: My Calendar :: My Portfolio :: Chat :: Help Center :: Sign In :: Sign Out

MY.USTI.NET PORTAL  -  © 1996 - 2004 USTINET CORPORATION. ALL RIGHTS RESERVED.
Please see our Privacy Policy, Security Guarantee, Terms of Use for additional information.