Foreign Corrupt Practices Act

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The Foreign Corrupt Practices Act (FCPA) imposes a variety of restrictions on U.S. citizens, companies and issuers, including their affiliates and subsidiaries, in connection with their business activities outside the United States. The FCPA also imposes restrictions on foreign companies and persons who transact foreign business through U.S. territory, mail, wires, and/or financial institutions. Among those restrictions, the "anti-bribery" provisions of the FCPA prohibit corruptly promising or providing anything of value to a foreign government official to obtain or retain a business or other improper advantage. The FCPA and other international prohibitions such as the U.K. Bribery Act affect a company's government bid process, the ability to engage in transactions with government officials and other individuals in their private capacities, the selection and retention of consultants, agents and other third parties, and the proper manner for selecting and supervising business partners.

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