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The International Anti-Bribery and Fair Competition Act of 1998 (Pub. L. 105–366 (text), 112 Stat. 3302, enacted November 10, 1998) is a United States federal law that amends the Foreign Corrupt Practices Act by implementing the provisions of the Organisation for Economic Co-operation and Development's Convention on Combating Bribery of Foreign Public Officials in International Business ...
The Act not only led to heightened awareness and enforcement of anti-corruption measures in the United States but also encouraged other nations to adopt similar laws, [33] fostering a more coordinated international approach to combating bribery and corruption.FCPA and other anti corruption laws also provided companies with increased investor ...
Analysts stated that FEPA addresses a longstanding gap in US anti-bribery legislation by tackling the "demand" side of bribery. At the same time, the Foreign Corrupt Practices Act (FCPA) focuses on the "supply" side of bribery. [2] [3] One expert noted that FEPA is "probably the most important U.S. anti-bribery effort since the FCPA itself ...
This legislation dominated international anti-corruption enforcement until around 2010 when other countries began introducing broader and more robust legislation, notably the United Kingdom Bribery Act 2010. [29] [30] The International Organization for Standardization introduced an international anti-bribery management system standard in 2016. [31]
The Bribery Act goes in many points beyond the US-American FCPA, as it also criminalizes facilitation payments and private sector corruption inter alia. [56] Heimann and Pieth are arguing that British policy makers supported the Bribery Act to overcome the damage in reputation caused by the Al-Yamamah deal. [57]
The stated goal of the Anti-Corruption Act is to serve as "model legislation that sets a standard for city, state and federal laws, [3]" that prevent money from corrupting American government. Organizations such as Represent.Us advocate for state and local laws that reflect the provisions of the AACA, often using the ballot initiative process ...
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