Foreign Corrupt Practices Act (FCPA) (Live)
In 1977, Congress enacted the FCPA in response to claims of widespread bribery of foreign officials by U.S. companies. The FCPA makes it a criminal offense to: (1) bribe foreign officials to obtain and retain business; and (2) falsify business books and records to cover up illegal payments.
Although this law has been around since the 1970’s, there has been a dramatic increase in investigations, civil actions, and criminal prosecutions by the U.S. Department of Justice and the Securities and Exchange Commission. As Nevada businesses go global, compliance with the FCPA is essential and Nevada lawyers must be in a position to counsel their business clients on this law and the potential consequences of failing to comply with the FCPA. Also, there are programs that businesses can put in place to lessen the likelihood that adverse action will be taken against them by the government.