Foreign Corrupt Practices Act
TOP LINE: Under the direction of President Trump the Justice Department has suspended enforcement of the Foreign Corrupt Practices Act. This Act set penalties for companies who participate in illegal bribery.
The Foreign Corrupt Practices Act of 1977, as amended, 15 U.S.C. §§ 78dd-1, et seq. (“FCPA”), was enacted for the purpose of making it unlawful for certain classes of persons and entities to make payments to foreign government officials to assist in obtaining or retaining business.
SOURCE: https://www.justice.gov/criminal/criminal-fraud/foreign-corrupt-practices-act
Examples of FCPA action
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