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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.
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 ...
Heads of state, heads of government, ministers and deputy or assistant ministers; Members of parliaments; Members of supreme courts, constitutional courts or of other high-level judicial bodies; The definition explicitly excludes middle-ranking or more junior officials. PEP status also extends to relatives and close associates.
The federal government has been cracking down on fraud and corruption, and one of the better weapons in its arsenal is the Foreign Corrupt Practices Act (FCPA), which makes it illegal for ...
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 federal government has been cracking down on fraud and corruption, and one of the better weapons in its arsenal is the Foreign Corrupt Practices Act (FCPA), which makes it illegal for ...
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 ...
The International Anti-Bribery and Fair Competition Act of 1998 (Pub. L. 105–366 (text), 112 Stat. 3302, enacted November 10, 1998) is a United States federal law that amends the Foreign Corrupt Practices Act by implementing the provisions of the Organisation for Economic Co-operation and Development's Convention on Combating Bribery of Foreign Public Officials in International Business ...