FCPA Means Foreign Corrupt Practices Act

Foreign Corrupt Practices Act (FCPA) is a legislation that prohibits publicly traded companies and their agents from bribing foreign officials and related-agents for business. Its goal is to stop bribery in all its forms so that companies compete in the market by lowering prices, producing better goods and providing better services. FCPA is a broadly defined.

The Department of Justice (DOJ) and Securities And Exchange Commission (SEC) are in charge of enforcement. the SEC has produced a resource guide along with a section of its website dedicated to topics related to this legislation. The legislation was enacted in 1977. The DOJ has also provided the Act in its entirety, but it is good to keep in mind that there is extensive case law that has provided interpretations to the Act’s language. The DOJ provides an extensive database of related opinions to help a professional navigate the changing nature of interpretation.

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About the Author: Marcus Maltempo is a compliance professional with more than a decade of experience helping banks, law firms and clients manage investigations and regulatory responses.


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