Foreign Corrupt Practices Act (FCPA)

Definition:

US Foreign Corrupt Practices Act (FCPA) of 1977, which prohibits bribery and corruption by the making of payments to foreign officials for the purpose of obtaining or retaining business. FCPA applies, broadly speaking, to US companies and individuals, companies that are listed on a US exchange, employees and agents of US businesses. It also applies to foreign nationals and businesses that engage in specific prohibited acts while in the territory of the United States (but in certain circumstances may apply to conduct with no US territorial connection).

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