Foreign Corrupt Practices Act

The Foreign Corrupt Practices Act of 1977 is a US federal law that prohibits U.S. citizens and entities from bribing foreign government officials to benefit their business interests, and applies worldwide to publicly traded companies and their personnel. The Act amends the Securities Exchange Act of 1934 to require accurate and transparent financial records and internal accounting controls, and is jointly enforced by the Department of Justice and the Securities and Exchange Commission. The FCPA prohibits bribes in all forms, including monetary payments, gifts, travel, and other benefits of value, and applies to foreign companies and individuals who engage in corrupt practices in the US, even if the bribery occurs outside the country.learn more on wikipedia