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Foreign Corrupt Practices Act |
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Foreign Corrupt Practices ActU.S. law, enacted 1977, that prohibits U.S. firms from bribing foreign officials to obtain or retain business. The law permits, however, facilitating payments.Foreign Corrupt Practices ActAn amendment to the Securities Exchange Act created to sanction bribery of foreign officials by publicly held US companies.Foreign Corrupt Practices Act Similar MatchesUniform Customs and Practices (Brochure 500)Uniform Customs and Practices (Brochure 500)International Chamber of Commerce rules (commonly referred to as UCP 500 or ICC 500), that are used for Letters of credit. These letters then become legally binding when written into the text of the letter. |
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