Foreign Corrupt Practices Act
Overview
Securities Exchange Act of 1934
The Securities Exchange Act of 1934 , , codified at et seq., is a law governing the secondary trading of securities in the United States of America. It was a sweeping piece of legislation...
and another concerning bribery
Bribery
Bribery, a form of corruption, is an act implying money or gift giving that alters the behavior of the recipient. Bribery constitutes a crime and is defined by Black's Law Dictionary as the offering, giving, receiving, or soliciting of any item of value to influence the actions of an official or...
of foreign official
Foreign official
Foreign official, until recently, referred to a person who held a political office in a government other than one's own. However, the term has now taken a new meaning due to roles and statuses created by legislation such as the Foreign Corrupt Practices Act . From a business perspective, the need...
s.
The anti-bribery provisions of the FCPA prohibit:
Issuers, domestic concerns, and any person from making use of interstate commerce corruptly, in furtherance of an offer or payment of anything of value to a foreign official, foreign political party, or candidate for political office, for the purpose of influencing any act of that foreign official
Foreign official
Foreign official, until recently, referred to a person who held a political office in a government other than one's own. However, the term has now taken a new meaning due to roles and statuses created by legislation such as the Foreign Corrupt Practices Act . From a business perspective, the need...
in violation of the duty of that official, or to secure any improper advantage in order to obtain or retain business.
Issuers
- Includes any U.S.
