Dr.
school
Abstract
The United States foreign corrupt practices act is the law that makes foreign bribery illegal. Terms from the act are defined to further understand the extent of the act and how it was created and why. Provision covered within the act are also explained to further understand how this act can convict multiple officials and companies committing corrupt acts of bribery with foreign officials.
How the Foreign Corrupt Practices Act Works
The foreign corrupt practices act (FCPA) was signed on December 19th, 1977 in the White House during that time Jimmy Carter was the President …show more content…
This definition of an issuer is quite interesting since some companies which are listed under the American Exchange are considered issuers and are subject to the law of the foreign corrupt practices act. Domestic concerns are any individual living or conducting business with or in the United States even if it is on behalf of someone. The exact definition per The department of Justice’s guide to the FCPA: “…any individual who is a citizen, national, or resident of the United States, or any corporation, partnership, association, joint-stock company, business trust, unincorporated organization, or sole proprietorship that is organized under the laws of the United States or its states, territories, possessions, or commonwealths or that has its principal place of business in the United States. Officers, directors, employees, agents or stockholders acting on behalf of a domestic concern, including foreign nationals or companies, are also covered” () This seems to include every entity possible covering all possible persons involved in the act of …show more content…
(FCPA, section 30A) This defines any foreign official as any ranking official within a foreign organization not meaning only high ranking officials but low ranking officials alike. Including civil employees and government officials alike, by defining this term clearly the act involves any person who is trying to give a bribe or even a donation to a foreign official therefore convicted everyone