Foreign Corrupt Practices Act - wikipedia Foreign Corrupt Practices Act Foreign Corrupt Practices Act Other short titles Domestic and Foreign Investment Improved Disclosure Act Securities Exchange Act of 1934 Amendment Unlawful Corporate Payments Act Long title An Act to amend the Securities Exchange Act of 1934 to make it unlawful for an issuer of securities registered pursuant to section 12 of such Act or an issuer required to file reports pursuant to section 15 ( d ) of such Act to make certain payments to foreign officials and other foreign persons, to require such issuers to maintain accurate records, and for other purposes. Acronyms ( colloquial ) FCPA Nicknames Foreign Corrupt Practices Act of 1977 Enacted by the 95th United States Congress Effective December 19, 1977 Citations Public law 95 - 213 Statutes at Large 91 Stat. 1494 Codification Titles amended 15 U.S.C. : Commerce and Trade U.S.C. sections amended 15 U.S.C. ch. 2b § 78a et seq. Legislative history Introduced in the Senate as S. 305 by William Proxmire ( D - WI ) on January 18, 1977 Committee consideration by Senate Banking, House Commerce Passed the Senate on May 5, 1977 ( passed ) Passed the House on November 1, 1977 ( passed, in lieu of H.R. 3815 ) Reported by the joint conference committee on December 6, 1977 ; agreed to by the Senate on December 6, 1977 ( agreed ) and by the House on December 7, 1977 ( 349 - 0 ) Signed into law by President Jimmy Carter on December 19, 1977 The Foreign Corrupt Practices Act of 1977 ( FCPA ) ( 15 U.S.C. § 78dd - 1, et seq. ) is a United States federal law known primarily for two of its main provisions, one that addresses accounting transparency requirements under the Securities Exchange Act of 1934 and another concerning bribery of foreign officials. The act was amended in 1988 and in 1998. As of 2012 there were continued congressional concerns. An ongoing debate asks whether FCPA enforcement discourages US companies from investing abroad. Contents 1 Provisions and scope 1.1 Persons subject to the FCPA 2 History 3 Enforcement 4 Requirements 4.1 Anti-bribery / anti-corruption ( ABAC ) solutions 5 Application 5.1 Charges 6 See also 7 References 8 External links Provisions and scope The idea of Foreign Corrupt Practices Act ( FCPA ) is to make it illegal for companies and their supervisors to influence foreign officials with any personal payments or rewards. The FCPA applies to any person who has a certain degree of connection to the United States and engages in foreign corrupt practices. The Act also applies to any act by U.S. businesses, foreign corporations trading securities in the U.S., American nationals, citizens, and residents acting in furtherance of a foreign corrupt practice whether or not they are physically present in the U.S. This is considered the nationality principle of the act. Any individuals that are involved in those activities may face prison time. This act was passed to make it unlawful for certain classes of persons and entities to make payments to foreign government officials to assist in obtaining or retaining business. In the case of foreign natural and legal persons, the Act covers their deeds if they are in the U.S. at the time of the corrupt conduct. This is considered the protective principle of the act. Further, the Act governs not only payments to foreign officials, candidates, and parties, but any other recipient if part of the bribe is ultimately attributable to a foreign official, candidate, or party. These payments are not restricted to monetary forms and may include anything of value. This is considered the territoriality principle of the act. An ongoing debate asks about the law 's effects. Scholars have found that the FCPA enforcement discourages US firms from investing in foreign markets. This finding is not surprising given the well - known fact that companies engaging in mergers and acquisitions in emerging markets face a uniquely increased level of regulatory and corruption risk. Persons subject to the FCPA This section does not cite any sources. Please help improve this section by adding citations to reliable sources. Unsourced material may be challenged and removed. ( February 2015 ) Issuers Includes any U.S. or foreign corporation that has a class of securities registered, or that is required to file reports under the Securities and Exchange Act of 1934 Domestic concerns Refers to any individual who is a citizen, national, or resident of the United States and any corporation and other business entity organized under the laws of the United States or of any individual US State, or having its principal place of business in the United States Any person Covers both enterprises and individuals History As a result of U.S. Securities and Exchange Commission investigations in the mid-1970s, over 400 U.S. companies admitted making questionable or illegal payments in excess of $300 million to foreign government officials, politicians, and political parties. The abuses ran the gamut from bribery of high foreign officials to secure some type of favorable action by a foreign government to so - called facilitating payments that were made to ensure that government functionaries discharged certain ministerial or clerical duties. If the official has no choice but to bribe, and bribery is legal in the country, bribing is seen as greasing the wheels. One major example was the Lockheed bribery scandals, in which officials of aerospace company Lockheed paid foreign officials to favor their company 's products. Another was the Bananagate scandal in which Chiquita Brands had bribed the President of Honduras to lower taxes. Congress enacted the FCPA to bring a halt to the bribery of foreign officials and to restore public confidence in the integrity of the American business system. The Act was signed into law by President Jimmy Carter on December 19, 1977. The first criminal enforcement action under the Act was against Finbar Kenny. Kenny had advanced Sir Albert Henry, Prime Minister of the Cook Islands, $337,000 from postage stamp revenue for Henry 's re-election campaign. In 1979, Kenny became the first American to plead guilty of violating the FCPA, and was fined $50,000. The Act was first amended by the Omnibus Trade and Competitiveness Act of 1988, where Title V is known as the ' Foreign Corrupt Practices Act Amendments of 1988 '. It introduced a `` knowing '' standard in order to find violations of the Act, encompassing `` conscious disregard '' and `` willful blindness. '' Other amendments were for `` bona fide '', `` reasonable '' and lawful gifts under the laws of the foreign country. The second amendment was the International Anti-Bribery Act of 1998 which was designed to implement the OECD Anti-Bribery Convention -- i.e., to include certain foreign persons and extending the scope beyond U.S. borders. The FCPA dominated international anti-corruption enforcement from its introduction until around 2010 when other countries began introducing broader and more robust legislation, notably the United Kingdom Bribery Act 2010. The International Organization for Standardization introduced an international anti-bribery management system standard in 2016. In recent years, cooperation in enforcement action between countries has increased. Enforcement The Securities and Exchange Commission ( SEC ) and the Department of Justice are both responsible for enforcing the FCPA. This is because the FCPA both amends an SEC Act and the criminal code. The SEC enforces the Act for companies it regulates and the Department of Justice enforces the bill regarding all other domestic companies. This split was criticized even before the act was passed. In 2010 the SEC created a specialized unit for FCPA enforcement. In 2012, the SEC and the DOJ issued their first joint guide to the FCPA. In April 2017, Attorney General Jeff Sessions traveled to an ethics lawyers conference to assure them that he would continue prosecutions under the FCPA, regardless of new SEC Chairman Jay Clayton 's expressed skepticism and of President Donald Trump 's comments that it is a `` horrible law '' and `` the world is laughing at us ''. Requirements The anti-bribery provisions of the FCPA make it unlawful for a U.S. person, and certain foreign issuers of securities, to make a payment to a foreign official for the purpose of obtaining or retaining business for or with, or directing business to, any person. Since the 1998 Amendment of FCPA they also apply to foreign firms and persons who take any act in furtherance of such a corrupt payment while in the U.S. The meaning of foreign official is broad. For example, an owner of a bank who is also the minister of finance would count as a foreign official according to the U.S. government. Doctors at government - owned or managed hospitals are also considered to be foreign officials under the FCPA, as is anyone working for a government - owned or managed institution or enterprise. Employees of international organizations such as the United Nations are also considered to be foreign officials under the FCPA. A 2014 federal appellate court decision has provided guidance on how the term `` foreign official '' is defined under FCPA. Because the Act concerns the intent of the bribery rather than the amount, there is no requirement of materiality. Offering anything of value as a bribe, whether cash or non-cash items, is prohibited. The FCPA also requires companies whose securities are listed in the U.S. to meet its accounting provisions. These accounting provisions operate in tandem with the anti-bribery provisions of the FCPA, and require respective corporations to make and keep books and records that accurately and fairly reflect the transactions of the corporation and to devise and maintain an adequate system of internal accounting controls. An increasing number of corporations are taking additional steps to protect their reputation and reduce their exposure by employing the services of due diligence companies tasked with vetting third party intermediaries and identifying easily overlooked government officials embedded in otherwise privately held foreign firms. This strategy is one element of an effective FCPA Compliance Program, as it shows a sincere attempt to avoid business situations where high risk ( prior history or proximity to unethical behavior ) individuals are concerned. Regarding payments to foreign officials, the act draws a distinction between bribery and facilitation or `` grease payments '', which may be permissible under the FCPA, but may still violate local laws. The primary distinction is that grease payments or facilitation payments are made to an official to expedite his performance of the routine duties he is already bound to perform. The exception focuses on the purpose of the payment rather than on its value. Payments to foreign officials may be legal under the FCPA if the payments are permitted under the written laws of the host country. Certain payments or reimbursements relating to product promotion may also be permitted under the FCPA. A U.S. company acquiring a foreign firm could face successor liability for FCPA violations committed by the foreign firm prior to being acquired. Generally, acquiring companies may be liable as a successor for pre-existing FCPA violations committed by an acquired company where those violations were subject to the FCPA 's jurisdiction when committed. This position was further confirmed by the DOJ in a 2014 opinion stating that pre-acquisition conduct by a foreign target company without a jurisdictional nexus to the U.S. would not be subject to FCPA enforcement. Anti-bribery / anti-corruption ( ABAC ) solutions Businesses increasingly focus on their core competencies, and as a result engage more third parties to provide critical business functions. Companies do not have direct control over their third - party providers, which expose them to regulatory and reputational risk of FCPA violations by those third parties. Under the FCPA, businesses are accountabile for activities involving both their internal and external relationships. Companies that operate internationally, or that engage third parties in countries with a high Corruption Perceptions Index, are especially at risk. Many companies have now adopted `` anti-bribery / anti-corruption '' ( ABAC ) solutions to combat this risk and help protect themselves from fines and reputational damage. ABAC compliance solutions are a subset of third party management. These systems can automatically manage third party information and monitor their ongoing activities in compliance with FCPA regulation. Application Stronger DOJ and SEC enforcement has increased the prominence of the FCPA from 2010 onwards. The SEC website shows a complete list of enforcement cases since 1978. Notable select cases of the application of FCPA since 2008 are with ALCOA, Biomet, Bizjet, Hewlett Packard Company, KBR, Marubeni Corporation, News Corporation, Siemens, Smith & Nephew and Walmart de Mexico as follows : In 2008, Siemens AG paid a $450 million fine for violating the FCPA. This is one of the largest penalties ever collected by the DOJ for an FCPA case. In 2012, Japanese firm Marubeni Corporation paid a criminal penalty of US $54.6 million for FCPA violations when acting as an agent of the TKSJ joint venture, which comprised Technip, Snamprogetti Netherlands B.V., Kellogg Brown & Root Inc., and JGC Corporation. Between 1995 and 2004, the joint venture won four contracts in Nigeria worth more than US $6 billion, as a direct result of having paid US $51 million to Marubeni to be used to bribe Nigerian government officials. In 2012 Smith & Nephew paid US $22.2 million to the DOJ and SEC, and Bizjet International Sales and Support Inc. paid US $11.8 million to the DOJ for bribery of foreign government officials. Both companies entered into a deferred prosecution agreement. In March 2012, Biomet Inc. paid a criminal fine of US $17.3 million to resolve charges of FCPA violations and US $5.5 million in disgorgement of profits and pre-judgment interest to the SEC. In January 2014, ALCOA paid $175 million in disgorgement of revenues and a fine of $209 million to settle charges that its Australian bauxite mining subsidiary retained an agent that made bribes to government officials in Bahrain and to officers of Aluminum Bahrain B.S.C. to secure long - term contracts to supply the company with bauxite ore. In March 2014, Marubeni Corporation agreed with the DOJ to pay a US $88 million fine after pleading guilty to taking part in a scheme to pay bribes to high ranking Indonesian officials in order to secure a lucrative power project. On February 24, 2015, the Goodyear Tire and Rubber Company `` Goodyear '' agreed to pay more than $16 million to settle FCPA charges that two of its African subsidiaries allegedly paid $3.2 million in bribes that generated $14,122,535 in illicit profits. The SEC FCPA charges involved Goodyear subsidiaries in Kenya and Angola for allegedly paying bribes to government and private - sector workers in exchange for sales in each country. According to the SEC because `` Goodyear did not prevent or detect these improper payments because it failed to implement adequate FCPA compliance controls at its subsidiaries '' and, for the Kenyan subsidiary, `` because it failed to conduct adequate due diligence '' prior to its acquisition. It was not alleged that Goodyear had any involvement with or knowledge of its subsidiaries ' improper conduct. Charges In 2009, former Representative William J. Jefferson, Democrat of Louisiana, was charged with violating the FCPA by bribing African governments for business interests. In 2010 the DOJ and the SEC were investigating whether Hewlett Packard Company executives paid about $10.9 million in bribery money between 2004 and 2006 to the Prosecutor General of Russia `` to win a € 35 million contract to supply computer equipment throughout Russia. '' On September 11, 2014, HP Russia pleaded guilty before U.S. District Judge D. Lowell Jensen of the Northern District of California to conspiracy and substantive violations of the anti-bribery and accounting provisions of the FCPA. The court sentenced HP Russia to pay a $58,772,250 fine. In July 2011, the DOJ opened an inquiry into the News International phone hacking scandal that brought down News of the World, the recently closed UK tabloid newspaper. In cooperation with the Serious Fraud Office ( United Kingdom ), the DOJ was to examine whether News Corporation violated the FCPA by bribing British police officers. Nine police officers were convicted including a senior officer in the Met counter-terrorism command, Det Ch Insp April Casburn, former Met anti-terrorism officer Timothy Edwards, former police officer Simon Quinn, former Met officer Paul Flattley and Scott Chapman, an ex-prison officer. An April 2012 article in the New York Times reported that a former executive of Walmart de México y Centroamérica alleged in September 2005 that Walmart de Mexico had paid bribes to officials throughout Mexico in order to obtain construction permits, that Walmart investigators found credible evidence that Mexican and American laws had been broken, and that Walmart executives in the U.S. `` hushed up '' the allegations. According to an article in Bloomberg, Wal - Mart 's `` probe of possible bribery in Mexico may prompt executive departures and steep U.S. government fines if it reveals senior managers knew about the payments and did n't take strong enough action, corporate governance experts said. '' Eduardo Bohorquez, the director of Transparencia Mexicana, a `` watchdog '' group in Mexico, urged the Mexican government to investigate the allegations. Wal - Mart and the US Chamber of Commerce had participated in a campaign to amend FCPA ; according to proponents, the changes would clarify the law, while according to opponents, the changes would weaken the law. Other cases are with Avon Products, Invision Technologies, BAE Systems, Baker Hughes, Daimler AG, Monsanto, Halliburton, Titan Corporation, Triton Energy Limited, Lucent Technologies. See also Convention against Corruption ( disambiguation ) Corruption of Foreign Public Officials Act in Canada OECD Anti-Bribery Convention, an international agreement Financial Action Task Force on Money Laundering, another international agreement Politically exposed person, a term used in several jurisdictions Bribery Act 2010 in the United Kingdom References Jump up ^ Funk, T. Markus ( September 10, 2010 ). `` Getting What They Pay For : The Far - Reaching Impact Of the Dodd - Frank Act 's ' Whistleblower Bounty ' Incentives on FCPA Enforcement '' ( PDF ). White Collar Crime Report. Bureau of National Affairs. 5 ( 19 ) : 1 -- 3. Jump up ^ LeRoy Miller, Roger ( 2011 ). Business Law Today : The Essentials. United States : South - Western Cengage Learning. p. 127. ISBN 1 - 133 - 19135 - 5. ^ Jump up to : Graham, Bradley, Stroup, Caleb ( 2016 ). `` Does Anti-bribery Enforcement Deter Foreign Investment ? '' ( PDF ). 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Kenny International Corp., et al ''. Foreign Corrupt Practices Act Clearinghouse. Stanford Law School. Retrieved 27 April 2018. ^ Jump up to : McBride, Stewart ( 4 March 1982 ). `` The case of the airmailed voter and other tales of the Cook Is ''. Christian Science Monitor. Retrieved 27 April 2018. Jump up ^ Michael V. Seitzinger ( February 7, 2012 ). `` Foreign Corrupt Practices Act, Congressional Interest and Executive Enforcement '' ( PDF ). CRS Report to U.S. Congress. Congressional Research Service. p. 11. Retrieved 22 February 2015. Jump up ^ `` Differences between the UK Bribery Act and the US Foreign Corrupt Practices Act ''. Retrieved 2018 - 03 - 09. Jump up ^ Breslin, Brigid ; Doron Ezickson ; John Kocoras ( 2010 ). `` The Bribery Act 2010 : raising the bar above the US Foreign Corrupt Practices Act ''. Company Lawyer. Sweet & Maxwell. 31 ( 11 ) : 362. ISSN 0144 - 1027. Jump up ^ `` New global framework for anti-bribery and corruption compliance programs Freshfields knowledge ''. knowledge.freshfields.com. Retrieved 2018 - 03 - 09. Jump up ^ `` Anti-bribery and corruption : global enforcement and legislative developments 2017 '' ( PDF ). Freshfields Bruckhaus Deringer. January 2017. Retrieved 9 March 2018. Jump up ^ `` SEC Names New Specialized Unit Chiefs and Head of New Office of Market Intelligence '' ( Press release ). SEC. January 13, 2010. Retrieved 23 February 2015. Jump up ^ Criminal Division of the U.S. Department of Justice and the Enforcement Division of the U.S. Securities and Exchange Commission ( November 14, 2012 ). `` A Resource Guide to the U.S. Foreign Corrupt Practices Act '' ( PDF ). p. 130. Retrieved 23 February 2015. Jump up ^ Charlie Savage ( 25 April 2017 ). `` Sessions Vows to Enforce an Anti-Bribery Law Trump Ridiculed ''. The New York Times. p. A14. Retrieved 13 May 2017. Jump up ^ `` Attorney General Jeff Sessions Delivers Remarks at the Ethics and Compliance Initiative 's Conference ''. C-SPAN.org. 24 April 2017. Retrieved 13 May 2017. Jump up ^ Michael V. Seitzinger ( 15 October 2014 ). `` Eleventh Circuit Provides Guidance for the Definition of `` Foreign Official '' under the FCPA '' ( PDF ). Legal Sidebar via Congressional Research Service. Federation of American Scientists. Retrieved 23 February 2015. Jump up ^ 15 U.S.C. § 78m Jump up ^ Lawler, William ; Phillips, Anthony. `` Avoiding the Threat of FCPA Successor Liability ''. Transaction Advisors. ISSN 2329 - 9134. Jump up ^ Sprinzen, Nicole ; Hildebrand, Jennifer. `` DOJ Clarifies Successor Liability for Foreign Acquisitions ''. Transaction Advisors. ISSN 2329 - 9134. Jump up ^ Fisher, Alice ; Greenburg, Douglas ; Sabin, Barry ; Seltzer, Nathan ; Su, Jonathan ; Volkman, Eric ; Chandler, Kari ; Brown Jones, Erin. `` DOJ Guidance Underscores Importance of Anti-corruption Due Diligence in International M&A ''. Transaction Advisors. ISSN 2329 - 9134. Jump up ^ http://www.economist.com/media/globalexecutive/outsourcing_revolution_e_02.pdf Jump up ^ https://www.hiperos.com/anti-bribery-corruption.html Jump up ^ T. Markus Funk, `` Another Landmark Year : 2010 FCPA Enforcement Year - in - Review and Trends for 2011, '' Bloomberg Law Reports ( January 3, 2010 ). Jump up ^ `` SEC Enforcement Actions : FCPA Cases ''. SEC. 26 January 2015. Retrieved 23 February 2015. Jump up ^ Administrator. `` Foreign Corrupt Practices Act Reporting Center - Siemens AG pays $450 million to settle FCPA bribery charges ''. foreign-corrupt-practices-act.org. Jump up ^ US Department of Justice ( 17 January 2012 ). `` Marubeni Corporation Resolves Foreign Corrupt Practices Act Investigation and Agrees to Pay a $54.6 Million Criminal Penalty ''. Jump up ^ Smith & Nephew ( 6 February 2012 ). `` Smith & Nephew reaches settlement with US Government ''. Smith & Nephew. Archived from the original on 21 March 2012. Jump up ^ Reuters ( 14 March 2012 ). `` U.S. says BizJet settles foreign bribery charges ''. Reuters. Jump up ^ Richard L. Cassin ( 26 March 2012 ). `` Biomet Pays $22.8 Million To Settle Bribe Charges ''. The FCPA Blog. Jump up ^ `` SEC Charges ALCOA with FCPA Violations ''. United States Securities and Exchange Commission. Jump up ^ Brown, Howard. `` $88 Million Fine Agreed by Marubeni Corporation of Japan with the U.S. Department of Justice to Settle a Foreign Corrupt Practices Act Investigation ''. Jump up ^ Pelletier, Paul ; Tidman, Aaron ; Haviland, Jane ( 25 February 2015 ). `` Goodyear 's Settlement with the SEC Emphasizes the Importance of FCPA Due Diligence in M&A Transactions and of Having a Robust Anti-Corruption Policy ''. Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. Retrieved 2 March 2015. Jump up ^ Horn, George ( 1 March 2015 ). `` M and A Due Diligence Failures : FCPA and Goodyear ''. The National Law Review. Barnes & Thornburg LLP. Retrieved 2 March 2015. Jump up ^ Mandelker, Sigal P. ; Emert, Rochelle H. ; Caraballo - Garrison, Phillip J. ( 27 February 2015 ). `` Goodyear Pays for Sins of Subsidiaries in $16 Million Settlement ''. Proskauer Rose LLP. Retrieved 2 March 2015. Jump up ^ Stout, David ( 2009 - 08 - 06 ). `` Ex-Rep. Jefferson Convicted in Bribery Scheme ''. The New York Times. p. A14. Jump up ^ `` Hewlett - Packard Russia Agrees to Plead Guilty to Foreign Bribery '' ( Press release ). United States Department of Justice. April 9, 2014. Retrieved April 1, 2018. To secure a contract for the first phase of project, ultimately valued at more than € 35 million, HP Russia executives and other employees structured the deal to create a secret slush fund totaling several million dollars, at least part of which was intended for bribes to Russian government officials. Jump up ^ Crawford, David ; Searcey, Dionne ( April 16, 2010 ). `` U.S. Joins H-P Bribery Investigation ''. The Wall Street Journal. Jump up ^ `` Hewlett - Packard Russia Pleads Guilty To And Sentenced For Bribery Of Russian Government Officials ''. www.justice.gov. Retrieved 2017 - 11 - 15. Jump up ^ `` News Corp shares hit two - year low on hacking arrest ''. BBC World News. 18 July 2011. Jump up ^ `` Operation Elveden corruption probe ends ''. BBC News. 2016 - 02 - 26. Retrieved 2017 - 11 - 15. Jump up ^ Barstow, David ( April 21, 2012 ). `` Vast Mexican Bribery Case Hushed Up by Wal - Mart After High - Level Struggle ''. The New York Times. Retrieved April 23, 2012. Jump up ^ Miguel Bustillo ( April 23, 2012 ). `` Wal - Mart Faces Risk in Mexican Bribe Probe ''. The Wall Street Journal. Jump up ^ Welch, David ; Weidlich, Thom ( April 23, 2012 ). `` Wal - Mart Bribery Probe May Exposes Retailer to U.S. Fines ''. Bloomberg. Retrieved April 23, 2012. Jump up ^ `` Mexican watchdog group says Mexico 's federal government should probe alleged Wal - Mart bribes ''. The Washington Post. Associated Press. April 22, 2012. Retrieved April 23, 2012. Jump up ^ Hamburger, Tom ; Dennis, Brady ; Yang, Jia Lynn ( April 24, 2012 ). `` Wal - Mart took part in lobbying campaign to amend anti-bribery law ''. The Washington Post. Retrieved November 18, 2012. External links US Department of Justice page on the FCPA The American Bar Association 's Global Anti-Corruption Committee Webpage. Incidents of actual or alleged bribery Telvick, Marlena ( 2003 - 04 - 07 ). `` Indictments allege bribes were paid for Kazakstan oil / 2 Americans accused -- but not U.S. firms ''. sfgate.com. Retrieved 2015 - 02 - 18. Lucent fires four executives in China over allegations of bribery Stephen Taub April 7, 2004 CFO.com `` Monsanto Company Charged with Bribing Indonesian Official '' U.S. Department of State, 2005 - 01 - 10 Schwartz, Nelson ; Bergman, Lowell ( November 25, 2007 ). `` Payload : Taking Aim at Corporate Bribery ''. New York Times. Retrieved 2015 - 02 - 18. `` At Siemens, Bribery Was Just a Line Item, '' by Siri Schubert, New York Times 12 / 21 / 2008. joint report by ProPublica, PBS 's Frontline, the Investigative Reporting Program at UC Berkeley and The New York Times ; related documentary on Frontline April 7, 2009. `` The Business of Bribes '' PBS Frontline and FRONTLINE / World February 2009 `` KBR charged with bribing Nigerian officials for contracts '' CNN.com, February 2009 `` Detailed coverage on Wal - Mart FCPA Issues in India '' Fraudtoday.net, December 2012 `` Halliburton, U.S. Reach Settlement In Bribery Probe, '' All Things Considered, NPR, January 26, 2009. Halliburton Corp. has announced it will pay out more than $560 million to the Justice Department and the Securities and Exchange Commission to settle a probe into bribery and bid - rigging in contracts around the world. Investigative journalist Lowell Bergman talks about the settlement. David C. Weiss, The Foreign Corrupt Practices Act, SEC Disgorgement of Profits, and the Evolving International Bribery Regime : Weighing Proportionality, Retribution, and Deterrence, 30 Michigan Journal of International Law 471 ( 2009 ). thebriberyact.com information about the UK Bribery Act New York Law Journal, November 4, 2010, `` White Collar Experts Are Recruited to Handle Expected Increase in Government Enforcements, '' quote in that article from lawyer M. Scott Peeler, who when asked to compare the two acts, said, `` It 's the FCPA on steroids. '' The European Anti-Bribery Blog. The FCPA and anti-bribery news with a European slant Google 's ' Regime Change ' Agent, Jared Cohen Federal prosecution of public corruption in the United States Statutes Mail and wire fraud ( Honest services fraud ) Hobbs Act Travel Act Racketeer Influenced and Corrupt Organizations Act Foreign Corrupt Practices Act Program bribery Precedents United States v. Germaine ( 1879 ) Burton v. United States ( 1905, 1906 ) Glasser v. United States ( 1942 ) United States v. Hood ( 1952 ) United States v. Johnson ( 1966 ) United States v. Nardello ( 1969 ) United States v. Brewster ( 1972 ) United States v. Helstoski ( 1979 ) United States v. Gillock ( 1980 ) Dixson v. United States ( 1984 ) McNally v. United States ( 1987 ) McCormick v. United States ( 1991 ) Evans v. United States ( 1992 ) Salinas v. United States ( 1997 ) United States v. Sun - Diamond Growers of California ( 1999 ) Fischer v. United States ( 2000 ) Sabri v. United States ( 2004 ) Skilling v. United States ( 2010 ) McDonnell v. United States ( 2016 ) Convictions Federal officials State officials Local officials Unincorporated territory officials Investigations Abscam Alaska political corruption probe BRISPEC Operation Bid Rig Operation Board Games Operation Boptrot Operation Greylord Operation G - Sting Operation Mississippi Hustle Operation Plunder Dome Operation Rocky Top Operation Silver Shovel Operation Tennessee Waltz Scandals Congressional Post Office Cunningham Jack Abramoff CNMI House banking James A. Kelly, Jr. Koreagate MBM Oregon land fraud Rod Blagojevich Salvatore DiMasi Teapot Dome Wedtech William J. Jefferson Topics Public Integrity Section Speech or Debate Clause GND : 7826109 - 0 LCCN : n96078716 VIAF : 185590898 Retrieved from `` https://en.wikipedia.org/w/index.php?title=Foreign_Corrupt_Practices_Act&oldid=838450634 '' Categories : 1977 in law Business law United States federal criminal legislation United States federal securities legislation United States foreign relations legislation United States federal public corruption crime Hidden categories : All articles with dead external links Articles with dead external links from April 2014 Articles containing potentially dated statements from 2012 All articles containing potentially dated statements Wikipedia articles needing page number citations from February 2015 Articles needing more detailed references Articles needing additional references from February 2015 All articles needing additional references Wikipedia articles needing clarification from February 2015 All articles with unsourced statements Articles with unsourced statements from February 2015 Articles with unsourced statements from September 2014 Wikipedia articles with GND identifiers Wikipedia articles with LCCN identifiers Wikipedia articles with VIAF identifiers Talk Contents About Wikipedia Deutsch Français 한국어 日本 語 Русский Українська 中文 Edit links This page was last edited on 27 April 2018, at 02 : 45. 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Question: american firms are prohibited from bribing foreign officials under the
Answer: Foreign Corrupt Practices Act of 1977 (FCPA)