Export Compliance Daily is a service of Warren Communications News.

Foreign Corrupt Practices Act

Enacted in 1977, the Foreign Corrupt Practices Act prohibits U.S. companies and individuals from bribing foreign officials and requires issuers to maintain accurate books, records and internal controls. The law is enforced by the Justice Department and SEC and carries significant civil and criminal penalties. This section covers enforcement actions, settlements, compliance expectations and implications for companies operating in high-risk jurisdictions.