Foreign Corrupt Practices Act: Regulators vs. Business


The American multinational retailer Wal-Mart is one of an increasing number of businesses that are alleged to have violated the federal Foreign Corrupt Practices Act (FCPA),[2] which creates civil and criminal penalties for businesses and individuals who pay bribes to foreign officials.[3] Enacted in 1977, the FCPA seeks to ensure that Americans do not engage in bribery and other corrupt practices while conducting international business. At its most basic level, the FCPA is intended to reinforce America’s historical association with the virtues of democracy and idealism, and there is good reason to believe that encouraging such virtues is good for American business and the countries where Americans do business.

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