FCPA and China: Teleconference on September 3.

China is, after all, this century’s Wild West show. See Dan Harris’s China Law Blog for details about a seminar next Thursday on the Foreign Corrupt Practices Act of 1977–and China. FCPA, enacted during the Jimmy Carter administration as an amendment to the Securities Exchange Act of 1934, and amended in 1998, prohibits (and makes a crime) bribery of foreign officials to obtain or retain business, and requires companies with securities listed in the U.S. to keep accurate records and effective internal controls.