CategoryHierarchies.com

The Foreign Corrupt Practices Act (FCPA) is a United States law that prohibits bribery of foreign officials for the purpose of obtaining or retaining business. It also requires companies to maintain accurate financial records and internal controls to prevent corruption. The FCPA applies to all U.S. persons and businesses, as well as foreign companies that trade securities in the U.S. It aims to promote transparency and accountability in international business transactions.