US Foreign Corrupt Practices Act

The U.S. Foreign Corrupt Practices Act (FCPA) is a law that prohibits U.S. companies and individuals from bribing foreign officials to gain business advantages. It aims to promote fair competition and ethical conduct in international business. The FCPA also requires companies to maintain accurate financial records and implement internal controls to prevent bribery. Violations can lead to severe penalties, including fines and imprisonment. In essence, it reflects America's commitment to combat corruption globally and uphold integrity in business practices.