Bribes, Political Payments, and Gratuities

February 1, 2010

Bribery practices, which were common in the 1970s among and between domestic corporations and foreign governments and businesses, led to the enactment of the Foreign Corrupt Practices Act (FCPA) of 1977. This law addresses unlawful payments, bribery, and extortion of foreign officials, candidates, or political parties by certain domestic corporations, including SEC-regulated issuers of corporation stock and securities.

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