foreign corrupt practices act

August 24, 2012 - The Securities and Exchange Commission stood up to intense pressure from the likes of ExxonMobil and the American Petroleum Institute to approve rules that will shine a light on dealings between some of the world's biggest corporations and the poor countries from which they extract vast amounts of wealth.

April 27, 2012 - Wal-Mart has been accused of bribery in Mexico, but its behavior is far from unique: Many major corporations have been charged under the Foreign Corrupt Practices Act, a U.S. law passed in response to an oft-forgotten aspect of the Watergate scandal of the 1970s.