How will a new Trump administration prosecute corruption?
When the compliance lawyer Alexandra Wrage was invited onto CNBC’s program “Squawk Box” in 2012 to give an anti-corruption argument on the air, she was surprised.
When the compliance lawyer Alexandra Wrage was invited onto CNBC’s program “Squawk Box” in 2012 to give an anti-corruption argument on the air, she was surprised. “I remember laughing at the time, saying, ‘Well, is there somebody that you found who’s going to give the pro-corruption argument?’”
Whom they brought on was the president of the Trump Organization, four years before he won the presidency of the country the first time. Donald Trump called the United States’ Foreign Corrupt Practices Act, known as the FCPA, a “horrible law.”
Passed in 1977, the FCPA made it a crime for companies with a connection to the U.S. to pay — or even offer to pay — bribes to government officials of other countries. The law was the first of its kind in the world, and a landmark. Most countries have followed suit, adopting similar laws, although experts say many are not as aggressive in combating bribery as the U.S. statute.
“Every other country in the world is doing it. We’re not allowed to do so. It puts us at a huge disadvantage,” Trump said in that 2012 CNBC appearance.
Trump then hung up, and Wrage, founder of the anti-corruption organization TRACE International, replied to the host.
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