KEY TAKEAWAYS
- The FCPA prohibits U.S. companies from bribing foreign officials to gain business advantages.
- The law applies to both publicly traded and privately held U.S. companies worldwide.
- SEC and DOJ enforce the FCPA, with potential penalties including heavy fines and imprisonment.
- The FCPA's accounting provisions require companies to maintain transparent financial records.
- Notable companies, including Ericsson and Microsoft, have faced significant penalties for FCPA violations.
What Is the Foreign Corrupt Practices Act (FCPA)?
The Foreign Corrupt Practices Act (FCPA, the Act) is a United States law that prohibits U.S. firms and individuals from paying bribes to foreign officials to further business deals. The FCPA contains

