International Business Dealings
United States publicly traded companies are prohibited from bribing foreign public officials in order to gain a business advantage by the Foreign Corrupt Practices Act (“FCPA”). The law also makes it illegal to make false entries in the company’s books to hide a prohibited payment. There are laws around the world with similar effect, so there may be the laws of several countries involved, depending on where the bribery took place.
Foreign Corrupt Practices Act
Fines and settlements under the FCPA were in excess of $2.75 billion in 2019 alone. Some examples of activities that whistleblowers have identified as potential violations of the FCPA: