Do you know of any situation that violates the FCPA? You could be eligible for a huge reward.
The FCPA Act of 1977 was enacted to prohibit the bribery of foreign and government officials by U.S citizens and entities to benefit their business interests.
This act, which is applicable worldwide, extends to employees, agents, officers, directors, and shareholders of publicly traded companies.
In 1998, further amendments were implemented to extend the act to foreign individuals and organizations who directly or indirectly assist in facilitating corruption in U.S territory.
Furthermore, all companies with securities in the U.S must uphold certain accounting provisions and standards such as maintaining internal accounting controls and ensuring accurate and transparent financial records. Both the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) are responsible for enforcing this act. Violations can result in substantial civil and criminal penalties.