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Practices Act Essay Topics & Paper Examples

Foreign Corrupt Practices Act

Under provisions of the US Foreign Corrupt Practices Act (FCPA), several companies that have business interests in the US have been indicted for alleged actions taken by them in bribing public officials in different countries. The FCPA was brought about in 1977 with the objective of bringing to book the questionable activities of foreign companies. Companies from overseas that do business in the US are open to scrutiny and the FCPA empowers prosecutors to initiate action against those firms also that engage in corruption in other countries. In the context of the Lima office of Geletex it appears that the problem encountered by Jed is in violation of the FCPA, and demands immediate remedial action in order to comply with…