The Foreign Corrupt Practices Act (FCPA) is a federal law that prohibits companies from bribing foreign government officials to benefit their business interests. Specifically, it prohibits companies and their officers from offering things of value to foreign officials to secure business, such as:
- Cash and payments;
- Travel, gifts, and entertainment; and
- Charitable contributions.
In addition, the FCPA requires U.S. companies to adhere to strict accounting and recordkeeping requirements. Discrepancies in recordkeeping are often an indication that a company has violated the FCPA. Individuals with knowledge of any of these types of FCPA violations may be entitled to financial compensation through the SEC Whistleblower Program. Therefore, if you have knowledge that a company or individual has violated the FCPA, you should contact an FCPA whistleblower attorney as soon as possible for assistance. Below is an overview of the FCPA.
To Whom Does the Foreign Corrupt Practices Act Apply?
The above prohibitions of the FCPA apply to the following individuals and entities:
- Issuers – An issuer is a company that has a class of securities registered with the SEC or is required to file reports with the SEC.
- Domestic concerns – A domestic concern is any individual who is a citizen, resident, or national of the United States. This term also includes any U.S. business.
- Foreign nationals and entities – A foreign national is a person who is not a naturalized citizen of the U.S. Foreign entities are companies headquartered outside the U.S.
The SEC Whistleblower Program and the FCPA
As noted above, an individual with knowledge of FCPA violations may be entitled to financial compensation under the SEC Whistleblower Program. Both U.S. and foreign whistleblowers are eligible to receive rewards under the program if the information provided leads to an enforcement action that results in financial recovery. Under the SEC Whistleblower Program, a whistleblower is entitled to up to 30% of the proceeds recovered from the entity or individual who violated the FCPA.
Contact an FCPA Whistleblower Attorney Today
If you have information that an individual or entity has violated the FCPA, you need an experienced FCPA whistleblower attorney on your side. At Newman & Shapiro, we understand the sacrifices made by whistleblowers and the negative results of foreign corruption and bribery. Not only do foreign corruption and bribery pose financial threats to our country, but they actually threaten our national security. Therefore, we believe that FCPA whistleblowers should be compensated generously, and we will do everything in our power to ensure that you receive a financial reward for the information you provide. Our legal team has a well-earned reputation for providing whistleblowers with aggressive and informed representation, and we welcome the opportunity to assist you in your FCPA whistleblower case. When you become our client, we will help you navigate the legal system, work tirelessly to protect your rights, and do everything in our power to help you obtain the reward you have earned. Please contact us today for a consultation.