It applies to all U.S. businesses, their officers, employees, and foreign businesses listed on U.S. stock exchanges.
What are the penalties for violating the FCPA?
Penalties include significant fines, imprisonment, and reputational damage.
What should companies do to comply with the FCPA?
Implement anti-bribery policies, conduct training, and ensure accurate record-keeping.
How does the Foreign Corrupt Practices Act impact global business operations?
The Foreign Corrupt Practices Act prohibits U.S. companies from bribing foreign officials, requiring businesses to maintain ethical practices internationally.