The Foreign Corrupt Practice Act of 1977 is a United States federal law known primarily for two of its main provisions, one that addresses accounting transparency requirements under the Securities Exchange Act of 1934 and another concerning bribery of foreign officials.

For years, US companies had a disadvantage with foreign companies competing in countries where corruption was the norm of doing business. European companies could bribe officials from developing countries to get large orders. In order to compete, the US had two alternatives, dilute our laws or pressure the world to follow FCPA. Fortunately it was the second alternative which was followed. Recently we found major German companies guilty of bribery and huge fines were imposed on these companies. Europe is gradually following this moral benchmark. The UK is supposed to be putting into effective the Bribery Act 2010; however, the current Government is reviewing this law to look after their “economic interest”. I think FCPA is one of the best export’s of the USA. Corruption is like a drug, not only do we need to go after the people which take the bribes but  the companies which provide the bribes should be equally responsible. At least the OECD countries should provide a level playing field on corruption.