BANKS AT RISK: FOREIGN CORRUPT PRACTICES ACT ALLOWS SEIZURES OF CUSTOMER BANK ACCOUNTS

BANKS AT RISK: FOREIGN CORRUPT PRACTICES ACT ALLOWS SEIZURES OF CUSTOMER BANK ACCOUNTS

Increased focus on the Foreign Corrupt Practices Act means increased risks to banks holding assets of multinational corporations to which they have provided significant funding. By understanding their rights and being diligent about the company they keep, banks can lessen the risk posed by this powe...

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Veröffentlicht in:The Banking law journal 2012-10, Vol.129 (9), p.802
Hauptverfasser: Reichwald, Harold P, Wolff, Jacqueline C, Lacks, Jeremy R
Format: Artikel
Sprache:eng
Schlagworte:
Asset management
Banks
Foreign Corrupt Practices Act 1977-US
Multinational corporations
Risk exposure
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Zusammenfassung:Increased focus on the Foreign Corrupt Practices Act means increased risks to banks holding assets of multinational corporations to which they have provided significant funding. By understanding their rights and being diligent about the company they keep, banks can lessen the risk posed by this powerful government tool. [PUBLICATION ABSTRACT]
ISSN:0005-5506
2381-3512