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The Foreign Corrupt Practices Act (FCPA) is a federal U.S. law aimed at preventing the bribery of foreign government officials in an effort to obtain or retain business. The Foreign Corrupt Practices Act (FCPA) is a federal U.S. law aimed at preventing the bribery of foreign government officials in an effort to obtain or retain business. SearchCompliance Search the TechTarget Network
But with the passage of the Foreign Corrupt Practices Act of 1977, the SEC is equipped to tighten the noose of responsibilities and liabilities on corporate directors, officers, and managers. In this article, the author explains the provisions of the new act, as well as what the SECâs enforcement staff is likely to assert they mean.