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Foreign Corrupt Practices Act

   Also found in: Acronyms, Wikipedia 0.01 sec.
Foreign Corrupt Practices Act
An amendment to the Securities Exchange Act created to sanction bribery of foreign officials by publicly held US companies.

Foreign Corrupt Practices Act
A 1977 amendment to the Securities Exchange Act that sets penalties for those engaging in bribery of foreign government officials or foreign personnel and that requires adequate records and internal controls in all publicly held companies.


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subsidiary had been "contacted" by the DoJ about potential violations of the Foreign Corrupt Practices Act.
Authorities at the time said the agreement represented the second-largest fine ever in connection with the Foreign Corrupt Practices Act.
Authorities at the time said the agreement represented the second-largest fine ever in connection with the Foreign Corrupt Practices Act.
 
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