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ARTICLE · 24 MAY 2012

Ten Things Your Company Should Know About The Foreign Corrupt Practices Act

Godfrey & Kahn S.C.
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In recent years, government enforcement of the Foreign Corrupt Practices Act (FCPA) has increased dramatically.

United StatesCriminal Law
Eric Wilson
Eric Wilson
Daniel Narvey
Daniel Narvey

Origiinally published in the Financial Fraud Law Report, Volume 4, April 2012

In recent years, government enforcement of the Foreign Corrupt Practices Act (FCPA) has increased dramatically. As a result, many companies have heard about the FCPA, but are left wondering how it might apply to them. The list below provides some basic answers to frequently-asked questions.

1. What does the FCPA prohibit?

The FCPA has two main provisions: (a) an anti-bribery provision that prohibits corrupt payments to foreign officials to obtain or retain business; and (b) a record-keeping provision that mandates accurate record keeping and sound systems of internal controls.

2. Does the FCPA apply to my company?

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