Foreign Corrupt Practices Act
/ˈfɔrən kərʌpt ˈpræk.tɪsɪz ækt/
Definitions
- (n.) A U.S. federal law enacted in 1977 that prohibits companies and their employees from bribing foreign government officials to obtain or retain business, and mandates accurate recordkeeping and internal accounting controls.
The company was investigated for violations of the Foreign Corrupt Practices Act after allegations of bribing overseas officials.
Forms
- foreign corrupt practices act
Related terms
See also
Commentary
The FCPA uniquely combines anti-bribery prohibitions with accounting transparency requirements, making it a central statute in international business compliance.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.