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Lessons from GlaxoSmithKline: Understanding the Foreign Corrupt Practices Act

OpenSesame

Under FCPA, both the pharmaceutical companies named and more than 700 travel agencies involved face criminal charges and heavy fines. The Foreign Corrupt Practices Act (FCPA) was established in 1977 to discourage bribery by U.S. citizens and companies of foreign officials for the purpose of obtaining or retaining business.