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The Foreign Corrupt Practices Act of 1977 (FCPA) (15 U.S.C. § 78dd-1, et seq.) is a United States federal law that prohibits U.S. citizens and entities from bribing foreign government officials to benefit their business interests. [1]
Within the United States federal legislation, a facilitating payment or grease payment, as defined by the Foreign Corrupt Practices Act (FCPA) of 1977 and clarified in its 1988 amendments, is a payment to a foreign official, political party or party official for "routine governmental action", such as processing papers, issuing permits, and ...
One expert noted that FEPA is "probably the most important U.S. anti-bribery effort since the FCPA itself became law. The law amends the federal domestic bribery statute to add a new subsection punishing foreign government officials for demanding or receiving a bribe. The law is quite specific in that it is intended to be extraterritorial in ...
A forerunner definition was by the 1997 OECD Anti-Bribery Convention aimed at reducing corruption, which came into force February 1999; it used the term foreign official. The designation "politically exposed person" dates back to the late 1990s, in what was known as the "Abacha Affair."
Several statutes, mostly codified in Title 18 of the United States Code, provide for federal prosecution of public corruption in the United States.Federal prosecutions of public corruption under the Hobbs Act (enacted 1934), the mail and wire fraud statutes (enacted 1872), including the honest services fraud provision, the Travel Act (enacted 1961), and the Racketeer Influenced and Corrupt ...
According to the US Department of Justice, the term "foreign official" is defined as: . any officer or employee of a foreign government or any department, agency, or instrumentality thereof, or of a public international organization, or any person acting in an official capacity for or on behalf of any such government or department, agency, or instrumentality, or for or on behalf of any such ...
The Act established campaign spending limits for political parties in House general elections.It was the first federal law to require public disclosure of spending by political parties, but not candidates, by requiring national committees of political parties to file post-election reports on their contributions to individual candidates and their own expenditures.
The official United States Government Manual offers no definition. [ 1 ] [ 2 ] While the Administrative Procedure Act definition of "agency" applies to most executive branch agencies, Congress may define an agency however it chooses in enabling legislation, and through subsequent litigation often involving the Freedom of Information Act and the ...