Foreign Corrupt Practices Act (USA)

The Foreign Corrupt Practices Act (FCPA) is a U.S. law that prohibits companies and individuals from paying bribes to foreign officials to gain or retain business. It aims to promote transparent business practices and prevent corruption abroad. The law also requires companies to maintain accurate financial records and internal controls to detect and prevent illicit activities. Enforced by the Department of Justice and Securities and Exchange Commission, the FCPA applies to U.S. companies, their subsidiaries, and foreign companies listed on U.S. exchanges, ensuring ethical conduct in international business dealings.