FCPA act is very useful in stopping the bribes which are handed over to the foreign officials for enhancing the business activities. Globalization has resulted in a large network of business activities that involves several countries. The act will have a certain set of rules which has to be followed by the business people while dealing with the foreign officials and the agents. The rules should not be violated and if they are violated the legal actions will be passed on them. This act will be a guideline to the business companies that involve foreign dealings. Mach Investigations
The companies should not give any value things to foreign officials which are considered as a bribe. The people should not only give but also not accept any kind of valuable things from them. The companies involved in the foreign dealings will have a set of rules and they should be followed properly without any violations. There are some business companies which involve in the illegal business. These companies will take help from the officials to gain permission for business activity. They will give some bribe amount or any asset to the officials and gain permission for their work.
The company should have the proper maintenance of all the records of the business. In case a wrong complaint has been filed against a company then the documents will be a great help to win the case. There are certain situations in which the growth of the legal and proper company will be disliked by someone. During these hasty situations, the third party may file a wrong case on the company. If the company is proper with the records, then it is very easy for the company to prove that the activities are performed legally without any bribes.
Aim of the Act:
The main aim of the FCPA act is to prevent and prohibit the corrupt practices of the business communities. Though there are many rules designed to them, the companies are violating them and acting against the law. So, to take serious actions on the company which indulges in illegal business activities the act has some severe provisions. This act will have a major impact on the companies that indulge in bribery acts. The act will help the whole country to prohibit the practice of corruption to a great extent. The next main ain of the act is to develop transparency in business activities.
The business dealings and the transactions must be noted. There should not be any kind of mistakes in the records and this will help the business firm to develop the business without any black mark. In case, if a wrong case has been filed then the records of transparency will save the firm from the arrest and the fine. The fine which is imposed by the court is not very low, it is comparatively higher than the amount of corruption involved in the business activity. So, it is very safe to maintain all the safety precautions in the business. One can be safe and lead a company in a better way by following all the regulations given by the government in foreign deals. This will safeguard your company from any legal procedures.
