Law360, New York (April 06, 2010, 11:33 AM ET) -- If your company is based in the United States and does business in any foreign market, you are likely familiar with the U.S. Foreign Corrupt Practices Act of 1977.
The anti-bribery provisions of the FCPA generally prohibit any payments to foreign government officials for the purpose of obtaining or retaining business. Violations of the FCPA can result in criminal and civil penalties, including fines and imprisonment for individuals and substantial fines for corporate entities.
Most U.S. companies doing business abroad have an understanding of the FCPA...
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