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The Oil Industry and Africa: The Expanding Reach of the Foreign Corrupt Practices Act
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Stuart H. Deming
Published/Copyright:
December 27, 2011
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.
Published Online: 2011-12-27
©2012 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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Articles in the same Issue
- Article
- Introduction
- The Economic and Financial Crimes Commission and the Accountability of Corrupt Foreign Actors in Nigeria
- Corruption and Political Culture in Africa: History, Meaning, and the Problem of Naming
- The Pathology of Judicialization: Politics, Corruption and the Courts in Nigeria
- International Investment Arbitration and Corruption Claims: An Analysis of World Duty Free v. Kenya
- Canada's AntiForeign Bribery Regime Requires a Balancing Act
- Kenya's Long Anti-Corruption Agenda--1952-2010: Prospects and Challenges of the Ethics and Anti-Corruption Commission under the 2010 Constitution
- When Law Fails: A Theory of Self-Enforcing Anti-Corruption Legislation in Africa
- Combating the Bribery of Foreign Public Officials: The Impact of the UK Bribery Act 2010
- The Oil Industry and Africa: The Expanding Reach of the Foreign Corrupt Practices Act
