FCPA

FCPA: See: Foreign Corrupt Practices Act of 1977

Category: Business, LLCs & Corporations

Category: Criminal Law

FCPA: Foreign Corrupt Practices Act of 1977 (FCPA)

USA

A federal law prohibiting US citizens and permanent residents, both public and private US companies and certain non-US individuals and entities from bribing foreign government officials in order to obtain a business advantage (15 U.S.C. §§ 78dd-1, et seq.). Under some circumstances, the FCPA's jurisdiction extends to non-US individuals and companies, such as those who use the US capital markets, or those who use US communications or banking networks in furtherance of improper payment schemes.

The FCPA has two elements:

• Anti-bribery provisions. Enforced by both the DOJ and the SEC (against US "issuers"), these prohibit giving or offering money, gifts or "anything of value" to a foreign government official to obtain or retain business.

• Accounting provisions. Enforced by the SEC, these require subject companies to maintain adequate "books and records" and "internal controls" over financial transactions. Significantly, violations of these accounting provisions do not need to have any connection to improper payments at all, and can be charged even if there is no violation of the anti-bribery statute.

For more information on the requirements of the FCPA, see Articles, Beyond Reproach: Achieving Best Practice in FCPA Compliance (www.practicallaw.com/2-500-8453) and The Foreign Corrupt Practices Act: US legislation with global implications (www.practicallaw.com/4-384-0243).

FCPA: Foreign Corrupt Practices Act of 1977; Fair Campaign Practices Act

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FCPA — Der Foreign Corrupt Practices Act von 1977 (15 U.S.C. §§ 78dd 1, ff.) ist ein Bundesgesetz der USA, das alle börsennotierten Unternehmen dazu verpflichtet, Unterlagen zu erstellen, die alle Transaktionen akkurat und wahr dokumentieren. Zusätzlich … Deutsch Wikipedia
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FCPA — abbr. Fellow, Australian Society of Certified Practising Accountants … Dictionary of abbreviations
FCPA — Abbreviation for Foreign Corrupt Practices Act (1977) … Big dictionary of business and management
Foreign Corrupt Practices Act — FCPA *Anticorruption legislation passed by the U.S. Congress in 1977. The FCPA requires U.S. corporations to maintain adequate *internal control systems throughout their international operations. The FCPA also forbids the payment of *bribes to… … Auditor's dictionary
Foreign Corrupt Practices Act (1977) — FCPA A US statute that prohibits a company from using bribes to obtain business in another country or to prevent the restriction of its business. The Foreign Corrupt Practices Amendment, which tightens the regulations, was enacted in 1997 … Big dictionary of business and management
Foreign Corrupt Practices Act (1977) — FCPA A US statute that prohibits a company from using bribes to obtain business in another country or to prevent the restriction of its business. The Foreign Corrupt Practices Amendment, which tightens the regulations, was enacted in 1997 … Big dictionary of business and management
Foreign Corrupt Practices Act — The Foreign Corrupt Practices Act of 1977 (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… … Wikipedia

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