Almost half of the U.K.'s top companies are unaware of how U.S. anti-corruption legislation affects them, according to new research. Forty-six percent of respondents to a survey of more than 100 FTSE 350 companies said that while they did business in the U.S. they either thought that they were not subject to the U.S.' Foreign Corrupt Practices Act -- under which they can be prosecuted for bribery and corruption committed abroad by their employees -- or did not know if it would affect them.
December 13, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Almost half of the U.K.’s top companies are unaware of how U.S. anti-corruption legislation affects them, according to new research.
Forty-six percent of respondents to a survey of more than 100 FTSE 350 companies conducted by accountancy firm KPMG said that they while they did business in the U.S. they either thought that they were not subject to the United States’ Foreign Corrupt Practices Act or did not know if it would affect them.
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