What does foreign corrupt practices act mean?
Definitions for foreign corrupt practices act
for·eign cor·rupt prac·tices act
This dictionary definitions page includes all the possible meanings, example usage and translations of the word foreign corrupt practices act.
Wikipedia
Foreign Corrupt Practices Act
The Foreign Corrupt Practices Act of 1977 (FCPA) (15 U.S.C. § 78dd-1, et seq.) is a United States federal law that prohibits U.S. citizens and entities from bribing foreign government officials to benefit their business interests.The FCPA is applicable worldwide and extends specifically to publicly traded companies and their personnel, including officers, directors, employees, shareholders, and agents. Following amendments made in 1998, the Act also applies to foreign firms and persons who, either directly or through intermediaries, help facilitate or carry out corrupt payments in U.S. territory.Pursuant to its anti-bribery purpose, the FCPA amends the Securities Exchange Act of 1934 to require all companies with securities listed in the U.S. to meet certain accounting provisions, such as ensuring accurate and transparent financial records and maintaining internal accounting controls.The FCPA is jointly enforced by the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC), which apply criminal and civil penalties, respectively.Since its passage, the FCPA has been subject to controversy and criticism, namely whether its enforcement discourages U.S. companies from investing abroad. The Act was subsequently amended in 1988 to raise the standard of proof for a finding of bribery.
Numerology
Chaldean Numerology
The numerical value of foreign corrupt practices act in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of foreign corrupt practices act in Pythagorean Numerology is: 6
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