Debunking Common Foreign Corrupt Practices Act Misperceptions

This December, the Foreign Corrupt Practices Act ‘‘celebrates’’ its 30th anniversary. Enacted in 1977 in response to widespread post-Watergate allegations that U.S. companies were securing foreign government contracts by making improper payments to foreign government officials, the FCPA generally prohibits U.S. companies and their personnel from paying or offering anything of value to foreign officials in order to obtain or retain business.

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Reproduced with permission from White Collar Crime Report, Vol. 02, No. 09 (May 25, 2007), p. 286. Copyright 2007 by The Bureau of National Affairs, Inc. (800-372-1033) <http://www.bna.com>