The makes it illegal for American companies to bribe a foreign government official in order to obtain or maintain business over which that foreign official has authority, and requires all publicly traded companies to keep detailed records that would reveal whether a violation of the act has occurred. Convention on Combating Bribery of Foreign Public Officials in International Business Transactions Foreign Corrupt Practices Act (FCPA) Trade-Related Aspects of Intellectual Property Rights (TRIPS) Organisation for Economic Co-operation and Development (OECD)

Foreign Corrupt Practices Act (FCPA)

Explanation:

The Foreign Corrupt Practices Act (FCPA) makes it illegal for American companies to bribe a foreign government official in order to obtain or maintain business over which that foreign official has authority, and requires all publicly traded companies to keep detailed records that would reveal whether a violation of the act has occurred. The Foreign Corrupt Practices Act (FCPA) was enacted by the 95th U.S Congress and signed into law on the 19th of December, 1977 by President Jimmy Carter as a federal law of the United States of America.