The Foreign Corrupt Practices Act (FCPA) broadly prohibits the payment of bribes to foreign officials in exchange for anything of value. Whistleblowers can report FCPA violations through the SEC Whistleblower Program, which allows successful whistleblowers to recover between 10 and 30 percent of any penalty paid by the wrongdoer.
The FCPA prohibits the payment of bribes to foreign officials for nearly any purpose. Companies pay such bribes for a wide variety of reasons, including:
- To receive a contract, click here for example
- To obtain exceptions to regulations, click here for example
- Failure to keep accurate books and records, click here for example
In addition, other FCPA violations include:
- To gain access to non-public tender information, click here for example
- Failure to conduct appropriate audits of payments, click here for example
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