FCPA | Whistleblower Justice Network
February 28, 2024 ⚊ 1 Min read ⚊ Views 43 ⚊ BUSINESSBribery is a bad thing. Most people can agree on this simple statement, and yet Congress needed to pass The Foreign Corrupt Practices Act (“FCPA”) into law in 1977 in order to have the right to police the foreign corrupt practices of multi-national corporations. Corporations were found to be using company assets for bribes to obtain & maintain business, avoid paying taxes or for other anti-competitive purposes. Investigations in the 1970s by Congress and the SEC led to more than 400 companies admitting to varied forms of large, institutionalized corporate bribery schemes. These admissions amount to FCPA fraud today, as the Foreign Corrupt Practices Act approaches 50 years in existence. In fact, FCPA fraud has become one of the largest, most actionable areas for whistleblowers, all based around international bribery by companies with a nexus to the United States.