Understanding the Foreign Corrupt Practices Act

When you’re concerned about your company’s actions, you’ll need to understand exactly what you’re dealing with. If they’re doing something that could hurt you or your career, it’s important to fight back. However, if you don’t understand the laws and statutes in place that are affected by their actions, it’s tough to know when and whether to file.

As such, you might believe that your company could be violating the Foreign Corrupt Practices Act, but you’re not sure. You need answers about this act and what could happen if you don’t fight back. So, seek out help from a FCPA whistleblower attorney if you’re concerned about your company’s actions.

Purposes of the Foreign Corrupt Practices Act

First, what if the Foreign Corrupt Practices Act, or the FCPA? This act was passed in 1977 to stop the bribing of foreign officials to protect or begin business with them. This includes any payments or promises to pay that would affect the normal course of business.

Typically, the Department of Justice oversees these types of violations. Because these are international disputes, it can be complex to file. If you see this violation type occurring, however, you do have the power to submit a tip. Because a tip can protect fair practices, anyone who might be aware of their actions should be able to submit a tip about a violation.

Violations of the FCPA

So, what counts as a violation of the FCPA? Generally, making a deal with a foreign official to secure certain benefits should be stopped. These business deals should be transparent and secure, and bribes affect that.

So, let’s say a business wanted to open a branch in another country. The official they speak to isn’t completely on board with the idea, so the business offers the official a new car or other monetary benefit to allow it. Any sort of payments in this line are illegal, and the SEC will need to know about it.

Your Rights Are Protected

Unfortunately, many people don’t come forward about their company’s violations for one reason: fear. They’re not sure how their employment might fare, and they of course need their money to live. They may fear that, by submitting a tip, they could face harassment, firing, or other losses.

Fortunately, your lawyer can help. A tip can be completely anonymous, which protects you from your employer’s backlash. You shouldn’t be punished for doing the right thing, and a good lawyer will help you keep your job or take action if you’ve been fired because of your tip.

A Lawyer Can Help You Report

Understanding the Foreign Corrupt Practices Act can be difficult, but there’s one thing you may already understand. You understand that your employer has done an unethical thing, and those actions shouldn’t be ignored.

So, when you believe your employer has committed an FCPA violation, reach out for help. You might be sure that something suspicious is going on, but you don’t have all the evidence you need to prove that. You need help determining what they did and how a lawyer can fight back.

Keeping businesses as transparent as possible, so when a business commits such a serious violation, that should be punished. So, reach out for a whistleblower attorney, who can help you determine whether you have a strong tip and whether the SEC should investigate.