Foreign corrupt practices act national whistleblower center. The foreign corrupt practices act fcpa generally prohibits the bribing of foreign officials. Foreign corrupt practices act the foreign corrupt practices act fcpa is a critically important statute for combating corruption around the globe. Any uk company with securities listed on a us exchange is subject to the jurisdiction of the fcpa. Foreign corrupt practices act fcpa, originally enacted in 1977. The fcpa handbook is an indispensable asset for both inside corporate.
Referindose, sempre, ao titulo da lei, em ingles, the foreign corrupt practices act. The fcpa also requires publicly traded companies to maintain accurate books and records and to have a system of internal controls sufficient to provide reason. This publication is available as a pdf on the open society foundations website under a. An analysis of the foreign corrupt practices act fcpa whistleblower reward provisions, and implementation of the law over the past four decades. Released in november 2012, a resource guide to the u. Foreign corrupt practices act department of justice.
What is the foreign corrupt practices act and how does it. No one knows the foreign corrupt practice act better than bob tarun. The foreign corrupt practices act handbook global compliance. Foreign corrupt practices act is the department of justices and securities and exchange commissions detailed compilation of information about the fcpa, its provisions, and enforcement. The foreign corrupt practices act of 1977 fcpa was enacted principally to prevent corporate bribery of foreign officials. Since 1977, the antibribery provisions of the fcpa have applied to all u. This is robustly enforced by the us department of justice doj and the us securities and exchange commission sec.
It is the product of extensive efforts by experts at doj and sec, and has benefited from valuable input from the departments of commerce and state. The foreign corrupt practices act fcpa is a law that congress passed in 1977 to punish bribery intended to influence the decisions of foreign officials. Foreign corrupt practices act overview the fcpa contains two types of provisions. The passage of the foreign corrupt practices act fcpa by the u. Foreign corrupt practices act fcpa and is designed to facilitate compliance with the fcpa by member firms when providing services in connection. A resource guide to the us foreign corrupt practices act sec. Foreign corrupt practices act which can be found at. With the enactment of certain amendments in 1998, the antibribery provisions of the fcpa now also apply to foreign firms and persons who cause, directly or through agents, an act in furtherance of such a corrupt payment to take place within the territory of the united states. The 1998 amendments expanded the fcpas jurisdiction to cover corrupt foreign payments outside the united states by. The foreign corrupt practices act of 1977 fcpa is a united states federal law that prohibits u.