FCPA (Foreign Corrupt Practices Act)

The Foreign Corrupt Practices Act (FCPA) is a U.S. law that prohibits companies and individuals from bribing foreign officials to gain unfair business advantages. It aims to promote transparency and integrity in international transactions by outlawing corrupt payments and requiring companies to maintain accurate financial records. The FCPA applies to U.S. companies and their subsidiaries worldwide, as well as foreign companies listed on U.S. stock exchanges. Violations can result in hefty fines and penalties, emphasizing the importance of ethical conduct in global business operations.