The Foreign Corrupt Practices Act (FCPA)

The Foreign Corrupt Practices Act (FCPA) is a U.S. law that prohibits American companies and citizens from bribing foreign officials to gain or maintain business. It also requires companies to keep accurate financial records and maintain internal controls to prevent corruption. The law aims to promote ethical business practices and fair competition in international trade. Violations can result in severe penalties, including fines and criminal charges. By holding companies accountable, the FCPA seeks to reduce corruption and foster integrity in global commerce.