International controls of corruption: recent responses from the USA and the UK

Abstract

Describes how the USA and UK have established many and varied tough new provisions in the fight against crime, and corruption in particular. Traces the long history of corruption and attempts to suppress it, and defines the terms bribery and corruption. Looks at the US legislation against corruption, focusing on the Racketeer Influenced and Corrupt Organizations Act (RICO) 1970 and the Foreign Corrupt Practices Act (FCPA) 1977, also the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) 1989 and most recently the PATRIOT Act 2001, which covers corruption as part of a wider response to the terrorist attacks on the USA. Moves onto UK legislation since 1889, including the OECD Convention, the Anti‐Terrorism, Crime and Security Act 2001, the draft Corruption Bill, and legislation enacted against money laundering and to seize the proceeds of crime.

Citation

Johnstone, P. and Brown, G. (2004), "International controls of corruption: recent responses from the USA and the UK", Journal of Financial Crime, Vol. 11 No. 3, pp. 217-248. https://doi.org/10.1108/13590790410809158