Foreign Corrupt Practices Act (FCPA)
Definition
Legislation signed into law in 1977 that prohibits U.S. firms from engaging in bribery and other unlawful and fraudulent practices when conducting business in foreign countries. The legislation assigned responsibility for FCPA enforcement to the U.S. Department of Justice with supporting roles played by the Securities & Exchange Commission (SEC) and the Office of General Counsel of the Department of Commerce.
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