FOREIGN CORRUPT PRACTICES ACT
On 21 July 2010, President Obama signed legislation that permits whistleblowers, including foreign nationals, to apply for monetary rewards based on reporting bribery prohibited under the Foreign Corrupt Practices Act (FCPA). The Dodd-Frank Wall Street Reform and Consumer Protection Act mandates that the U.S. Securities Exchange Commission (SEC) pay whistleblowers monetary rewards if they provide the U.S. government with information that leads to the successful enforcement of the FCPA. The act is applicable even if bribes are paid in a foreign country and the whistleblower is a foreign national.
Click here to read the SEC's Final Rules for the Dodd-Frank Act.
Click here to see a list of foreign companies registered in the United States and covered under the FCPA.
The FCPA prohibits thousands of corporations, both U.S. and international, from paying bribes to foreign officials and mandates proper financial record keeping. Click here to read the FCPA in English and 14 other languages.
Those qualified to receive a monetary reward under the FCPA include "whistleblowers" that "voluntarily" submit "original information" that leads to the successful enforcement of the violation and collection of "monetary sanctions." Under the Dodd-Frank Act, whistleblowers can submit claims "anonymously." The Dodd-Frank Act disqualifies some individuals from obtaining a whistleblower reward. The U.S. government has successfully prosecuted many foreign nationals and foreign corporations under the FCPA.
In addition to the FCPA, other U.S. whistleblower laws may also be applicable internationally, including the following:
- U.S. nationals holding undisclosed foreign bank accounts
- U.S. government money misappropriated/mismanaged by foreign entities
- U.S. corporations directly violating U.S law while conducting business outside of the U.S.
- Securities law violations
- Foreign exchange manipulations
- Unregistered securities offerings
- International banking frauds
Click here to read the full report on Foreign Corrupt Practices Act and other violations.
OBTAIN LEGAL ASSISTANCE
Individuals who have information concerning the payment of bribes to foreign officials in ANY nation are strongly advised to seek legal representation to determine whether they may qualify for a reward. Those who wish to confidentially report violations of the Foreign Corrupt Practices Act may utilize a special intake form.
All communications are deemed attorney client privileged to the fullest extent of U.S. law (NOTE: All requests must be sent in English).
Click here to access the confidential consultation form.