Foreign Corrupt Practices Act Defense Attorney
What is the FCPA?
The Foreign Corrupt Practices Act (FCPA) is a U.S. law passed in 1977 that prohibits individuals and firms from the U.S. from paying bribes to foreign officials for the advancement of a scheme or interest in relation to a business deal.
Who Does the FCPA Apply To?
The FCPA pertains to worldwide actions and its purpose is to deter abuses of power and corruption. The authority of The Foreign Corrupt Practices Act encompasses oversight of actions of publicly traded companies and includes their employees, agents, shareholders, officers, and directors. Third-party partners and consultants who enter into joint ventures with a company are also subject to adhering to the guidelines of the FCPA.
Using proxies for the purpose of executing bribes will not protect an individual or company from accountability.
What Violates the FCPA?
Any offer, promise, payment, authorization to pay money, or provide anything of value to a foreign official, candidate, or political party to obtain or retain business is generally prohibited under the anti-bribery provisions of the FCPA.
Internal controls and precise record-keeping are required by companies to make certain only appropriate authorized transactions occur.
What Are the Penalties for Violating the FCPA?
Penalties for violating the anti-bribery provisions of the Foreign Corrupt Practices Act are severe. Individuals face criminal fines of up to $100,000 and five years’ imprisonment per violation.
How Padula Law Can Help Defend Against FCPA-Related Charges
Attorney Michael Padula has handled numerous cases involving the FCPA and securities fraud and conducted parallel investigations with FINRA, OFAC, and other regulatory agencies. Michael’s insider perspective and understanding of the DOJ’s operations are an asset to clients on matters related to compliance, regulatory issues, investigations, and high-stakes litigation. He has been involved with Foreign Corrupt Practices Act crimes domestically and internationally.
If you are facing charges related to the Foreign Corrupt Practices Act (FCPA), a highly proficient attorney who has vast experience navigating both the public and private sector is crucial for your defense. For a free and private consultation call (888) 574-5155.
