President Donald Trump speaks on January 30, 2025 with members of the press in the Oval Office of the White House.
Kent Nishimura for Washington Post | Getty pictures
President Donald Trump is laid down on Monday to sign an executive regulation in which the Ministry of Justice is instructed to enforce almost half a century old law, which prohibits American companies and foreign companies from bribes from foreign governments.
The break in criminal prosecution is implemented in order not to move foreign competitors in economically disadvantageous US companies.
The Bloomberg News Service initially reported the planned executive regulation in connection with the law on foreign corrup places. Bloomberg reported that Trump's Attorney General Pam Bondi reports that he should pause FCPA measures and check current and past measures in connection with the law on and at the same time prepare new guidelines for enforcement.
An official of the White House confirmed the report and announced CNBC: “A break in the implementation to better understand how the FCPA should be rationalized to ensure that it corresponds to economic interests and national security.”
The FCPA's intention is to prevent American companies from refueling private public corruption that undermines the rule of law in many parts of the world. Over time, the rules of FCPA have developed into basic principles of the work of American companies abroad.
The FCPA became the law in 1977 and from all Americans and certain foreign issuers of securities who pay bribes to foreign civil servants. The law was changed in 1998 to apply for foreign companies and people who prompted such bribes in the United States.
The broadly written law applies not only to the bribery paid, but also to bribes that are offered or planned by the administration of a company.
The definition of the FCPA of the actions of foreign civil servants who would trigger the law is also expansive.
Individuals and companies can be prosecuted under the FCPA.
Violations of FCPA have a maximum possible criminal prison sentence of 15 years and a maximum fine of $ 250,000 or the triple of the money corresponds to the value required by a foreign civil servant.
In 2024, the DOJ announced enforcement measures in 24 cases in connection with alleged violations of FCPA.
In 2023, 17 such enforcement measures were announced.
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