Foreign Corrupt Practices Act News

Donald Trump attacked the law that bans American companies bribing foreign officials on Tuesday, saying the United States has no business being the "policeman of the world."  Speaking on CNBC’s Squawk Box, Trump said U.S. authorities shouldn’t be prosecuting Americans who adopt the customs and practices of the countries in which they are trying to do business.

The government has brought lots of anti-bribery cases under the Foreign Corrupt Practices Act, but there are still some crucial aspects of the law that remain unsettled. For instance, what constitutes a "foreign official" under the FCPA?

The question of who counts as a foreign official under a U.S. foreign bribery law has reached the appellate stage.

Consumer goods fill the shelves in a store in Beijing. The US Securities and Exchange Commission (SEC) and Department of Justice have stepped up scrutiny into potential violations of the Foreign Corrupt Practices Act, especially in countries such as China, where state-owned companies are a big force in the economy.

One of the nation’s largest pension plans filed a lawsuit Thursday accusing Wal-Mart’s leadership of breaching its fiduciary duty in connection with a bribery scandal at the retailer’s Mexican subsidiary.

A child in Mexico soon learns that corruption is a way of life, and that to get ahead in school, work and politics, “El que no transa, no avanza” — loosely, “You’re not going anywhere if you don’t cheat.”