FCPA: A Threat To US Businesses

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Born in 1977, the FCPA is seen as a threat to US businesses and officials of the country. Since 1998, the Act expanded the scope of regulation; add provisions prohibit companies as well as foreign individuals committing acts of bribery when doing business in the US. And this is related to business ethics, so that I am convinced the act is not limit the competitiveness of American businesses.

One of the most ethic trading companies such as Oracle, General Electric, HP, AstraZeneca has also settled or under investigation for FCPA problems. In 2008, Siemens of Germany agreed to pay fines of $ 1.3 billion in Germany and the US to settle corruption charges.

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