Q: What is the Foreign Corrupt
Practices Act or FCPA?
A: The United States passed the law in 1977. Its objective is
for the US to be able to prosecute companies and individuals
subject to US law for engaging in corrupt practices such as bribery
when doing business abroad.
Q: What is the goal of the FCPA?
A: The FCPA makes it unlawful for certain classes of persons and
entities to
make payments to foreign government officials to assist in
obtaining or retaining business abroad.
Q: Does the FCPA apply in Vietnam?
A: Yes, it does. US corporations, their subsidiaries, affiliated
companies, and employees subject to US law, and operating in
Vietnam can be prosecuted for acts of bribery committed in
Vietnam.
