Tag: FCPA

Bank Owner Sentenced in Venezuelan Corruption Case

A conspiracy to bribe high ranking Venezuelan officials in exchange for the right to conduct currency transactions is at the center of a number of FCPA related cases. For example, earlier this month Raul Gorrin Belisario, a Venezuelan citizen with

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The SEC, Internal Accounting Controls and the Human Element

Exchange Act section 13(b)(2)(B), added to the 1934 Act as part of the Foreign Corrupt Practices Act of 1977, is concerned with internal accounting controls. The statute requires that there be sufficient controls to ensure that transactions are executed as

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