Foreign Corrupt Practices Act Of 1977 Pdf
The fcpa can apply to prohibited conduct anywhere in the world and extends to publicly traded companies and their officers directors employees stockholders and agents.
Foreign corrupt practices act of 1977 pdf. O influencing any act or decision of such person in his official capacity o inducing such person to do or omit to do any act in violation of his. Congress enacted the us. The foreign corrupt practices act fcpa enacted in 1977 generally prohibits the payment of bribes to foreign officials to assist in obtaining or retaining business. Foreign corrupt practices act fcpa or the act in 1977 in response to revelations of widespread bribery of foreign officials by us.
78dd 1 ff ist ein bundesgesetz der usa das zahlungen und wertgeschenke an auslandische staatliche amtstrager verbietet die den zweck haben den zuschlag fur ein geschaft zu bekommen oder eine geschaftsbeziehung aufrechtzuerhalten. The foreign corrupt practices act fcpa also regulates businesses in another important way. It is the first to introduce corporate liability responsibility for third parties and extraterritoriality for corruption offences meaning companies and persons can be held criminally and civilly responsible for corruption offences committed abroad. Der foreign corrupt practices act von 1977 15 usc.
Agents can include third party agents consultants distributors joint venture partners and others. It requires public companies to follow basic accounting rules to ensure transparency. With a corrupt purpose to any foreign official any foreign political party or official thereof or any candidate for foreign political office for the purpose of each a prohibited purpose. Since 1977 the foreign corrupt practices act has prohibited the payment of bribes to foreign officials for purposes of obtaining or retaining business.
Us foreign corrupt practices act fcpa the us foreign corrupt practices act fcpa of 1977 is the most widely enforced anti corruption law. 78dd 1 78dd 2 and 78dd 3 or of related violations of the fcpas. 105 366 november 10 1998. The act was intended to halt those corrupt practices create a level playing field for honest businesses and restore public confidence in the integ rity of the marketplace.
A guide to the foreign corrupt practices act of 1977 b. In the years since largely at the behest of the united states dozens of leading trading partners have adopted domestic legislation criminalizing cor. 9 47110 policy concerning criminal investigations and prosecutions of the foreign corrupt practices act. No investigation or prosecution of cases involving alleged violations of the antibribery provisions of the foreign corrupt practices act fcpa of 1977 15 usc.
As of july 22 2004 anti bribery and books records provisions of the foreign corrupt practices act. Fcpa was enacted for the purpose of making it unlawful for certain classes of persons and entities to make payments to foreign government officials to assist in obtaining or retaining business. The passage of the foreign corrupt practices act fcpa in 1977 drew a line in the sand.