Washington, D.C. August 30, 2018. Today, the National Whistleblower Center (“NWC”) released a report analyzing data from Foreign Corrupt Practice Act (“FCPA”) cases since the law was passed in 1977, including several cases decided in 2018.
The Foreign Corrupt Practices Act is one of the most important whistleblower laws, especially for foreign nationals and for combatting corruption and bribery occurring on foreign soil. The FCPA prohibits companies issuing stock in the U.S. – and their subsidiaries – from bribing foreign officials to win contracts and other business.
The NWC report reveals that successful Foreign Corrupt Practice Act (FCPA) prosecutions are on the rise, in terms of quantity and value of the imposed sanctions. Moreover, the FCPA is proving effective in addressing corruption beyond U.S. borders. The data illustrates a true success story of the US protecting its domestic market through appropriate and effective law enforcement authority on the world stage. It also found that whistleblowers are a critical part to ensuring the success of whistleblower incentive laws like the FCPA.
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