Certified Anti-Money Laundering Specialist (CAMS) 2025 – 400 Free Practice Questions to Pass the Exam

The Foreign Corrupt Practices Act (FCPA) is a significant piece of legislation in the United States aimed at combating corruption in international business transactions. Enacted in 1977, the FCPA makes it unlawful for U.S. companies and citizens to bribe foreign government officials to gain or retain business. It serves as a critical tool for promoting fair business practices and ensuring that American firms operate ethically in international markets.

The FCPA also includes provisions requiring companies to maintain accurate books and records, which helps prevent and detect corruption and fraudulent activities. This dual focus on anti-bribery and accounting transparency underscores the law's extensive impact on conducting global business and the responsibilities of businesses regarding ethical behavior. Understanding this act is crucial for professionals in compliance, finance, and international business operations, as it emphasizes the importance of ethical conduct and compliance with anti-corruption laws globally.