Our law firm, directly and through its alliances and partners located throughout the world, assists clients with a broad range of international trade law and compliance issues related to international trade sanction, bribery, and money laundering laws.
The Office of Foreign Assets Control (OFAC) of the US Department of the Treasury administers and enforces economic and trade sanctions based on US foreign policy and national security goals against targeted foreign countries and regimes, terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy or economy of the United States. OFAC acts under Presidential national emergency powers, as well as authority granted by specific legislation, to impose controls on transactions and freeze assets under US jurisdiction. Many of the sanctions are based on United Nations and other international mandates, are multilateral in scope, and involve close cooperation with allied governments.
The Foreign Corrupt Practices Act of 1977, as amended, 15 U.S.C. §§ 78dd-1, et seq. ("FCPA"), was enacted for the purpose of making it unlawful for certain classes of persons and entities to make payments to foreign government officials to assist in obtaining or retaining business. Specifically, the anti-bribery provisions of the FCPA prohibit the willful use of the mails or any means of instrumentality of interstate commerce corruptly in furtherance of any offer, payment, promise to pay, or authorization of the payment of money or anything of value to any person, while knowing that all or a portion of such money or thing of value will be offered, given or promised, directly or indirectly, to a foreign official to influence the foreign official in his or her official capacity, induce the foreign official to do or omit to do an act in violation of his or her lawful duty, or to secure any improper advantage in order to assist in obtaining or retaining business for or with, or directing business to, any person.
Since 1977, the anti-bribery provisions of the FCPA have applied to all U.S. persons and certain foreign issuers of securities. With the enactment of certain amendments in 1998, the anti-bribery provisions of the FCPA now also apply to foreign firms and persons who cause, directly or through agents, an act in furtherance of such a corrupt payment to take place within the territory of the United States.
The FCPA also requires companies whose securities are listed in the United States to meet its accounting provisions. See 15 U.S.C. § 78m. These accounting provisions, which were designed to operate in tandem with the anti-bribery provisions of the FCPA, require corporations covered by the provisions to (a) make and keep books and records that accurately and fairly reflect the transactions of the corporation and (b) devise and maintain an adequate system of internal accounting controls.
Law Office of Michael B. Dye
120 Vantis
Suite 300
Aliso Viejo, CA 92656
(949) 540-6760 – Office
(619) 342-8224 – Fax
mike@mikedyelaw.com
Affiliate office
Dye Global Immigration Pte. Ltd.
137 Telok Ayer Street
#08-01
Singapore 068602
Tel: +65-3129-2486
clientsupport@mikedyelaw.com
Affiliate office
Dye Global Immigration Pte. Ltd.
The Plaza Office Tower,
41st floor
Jln. M. H. Thamrin, Kav. 28-30
Jakarta 10350 Indonesia
Tel: +62 21 2992 6680
Cell: +62 813 800 20 860
Fax: +62 21 2992 6888
clientsupport@mikedyelaw.com
Affiliate office
Dye Global Immigration LLC
Emirates Towers, Sheikh Zayed Road
Level 41, Office 11, PO Box 31303, Dubai, UAE
Tel: +971 4 313 2323
Fax: +971 4 313 2382
menadesk@mikedyelaw.com
Affiliate office
Dye Global Immigration LLC
Doha Tower, Level 21 DD BL 34, PO box 27110
West Bay, Doha, Qatar
Tel: +974 4031 6853
Cell: +974 3131 3081
Fax: +974 4031 6750
menadesk@mikedyelaw.com
Affiliate Office
Immigration Express Taipei
7F, No. 248, Sec. 4., Xinyi Rd., Daan Dist., Taipei 106 Taiwan
TEL: +886 2-2755-2526
FAX: +886 2-2701-5596
express.taipei_candy@hotmail.com<