The Foreign Corrupt Practices Act Essay

The Foreign Corrupt Practices Act Essay

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The Foreign Corrupt Practices Act specifically bans unethical expenditures when using non-employees or arbitrators. Explicitly, it will look over the facts of if no matter who, that then they know to which some or all anything of value or monetary gains that could or would be given, guaranteed, or presented indirectly or openly, to someone other than a home country dignitary or office holder (Justice, 2012). Several corporations undertaking commerce in a country other than their own, maintain a resident alien or firm to help them with day to day operations (Justice, 2012).
While the agents who are being hired by businesses in the foreign country can have a good use and give advice that is all on the up and up with customs and legal proceedings in the country, they need to be weary of the practices of the third parties who might not adhere to the same moral standards as the parent company (Justice, 2012). Just the implied distance between the third party and the parent company does not take away the fact they are still liable for civil and criminal punishment under the Foreign Corrupt Practices Act.
Additionally, having this information one has to take the fact that hiring a third party will not always be the best choice for the company. There has to be total transparency and a close relationship with the Foreign Corrupt Practices Act enforcers. This will keep tabs on the business so they can know that everything is legal that has been and is going to be taking place. Including, all transactions on what is spent on a foreign country dignitary and officials as well as what they are spending on your company. For any reason there is a disconnect it would be better to side of caution when giving or paying for trips or any in...


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...siness. This would not only keep the businesses more in check for their dealings they cannot place the blame on an outside source and get away with corruption as much going forward.
There needs to be more enforcement form not only the World Trade Organization but from the host country as well. When there is a discrepancy between the countries that the business originates and to where they are doing business it should revert back to the more stringent of the laws so that everyone is on the same playing field even when doing outside business. Until that time it would be in the best interest of a company to err on the side of caution and go with the laws in the United States when doing business in other countries. This is only because it will come back with the business having accountability in the United States no matter where in the world they end up working.

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