U.S. Foreign Corrupt Practices Act

The U.S. Foreign Corrupt Practices Act (FCPA) is a law that prohibits U.S. companies and citizens from bribing foreign government officials to gain or retain business. It also requires companies to maintain accurate financial records and internal controls to prevent corruption. The law aims to promote fair business practices, ensure transparency, and prevent corruption on the international stage. Violating the FCPA can result in significant fines and legal penalties, underscoring the importance of ethical conduct in international transactions.