Posted: December 16, 2019
Submitted by: https://www.telemessage.com/
History Of FCPA Events And Bribes That Led To One Of The Most Feared Enforcement Laws In The World
December 19, 1977, is the most terrorizing day for U.S citizens. It is when the 39th U.S President Jimmy Carter has finally enacted and signed the law of Foreign Corrupt Practices Act. Which was also known as the popular FCPA. Whoever is living in this era knows how the hostility and the rigorous law has made any organizations, businessmen and businesswoman, and even foreign government officials whose been doing monkey business cowardly crouched down their office desk to hide from their briberies.
It was the first-ever law that finally addressed the long-time problem of the country. Which are the outnumbered corruption cases that these U.S business companies, organizations, and even foreign government officials were involved with?
It was even mentioned in the New York Times and they have labeled the FCPA as the “center of a tug of war between business interests a d federal authorities,” four decades later.In which FCPA’s popularity and reputation of being prejudicial were firmly enacted as well.That it has stirred a blistering debate about the law itself; however, this did not stop the government from improving the enforcement tool to cope up with the growing landscape of science and technology.
They continued to create the revised version, in which it has allowed messaging apps, like WhatsApp, to be used in companies and organizations. But as long as they are capable of mobile archiving solution in place.
The Foreign Corrupt Practices Act was not just planned and enacted by the U.S Congress to be feared. President Jimmy Carter did not also sign the law without reason.
If you want to learn more about the specific events that provoked the congressional concern and as well as the consequences of those happenings which urged the Congress to act for the community’s future safety, read the full detailed infographic below created and designed by Telemessage: