Solicitation, Extortion, and the FCPA

Abstract

The article presents information on nature and frequency of bribe solicitation and extortion. It discusses the issues the firms of the U.S. are facing in maintaining agreement with the U.S. Foreign Corrupt Practices Act (FCPA). It states that FCPA bans firms from paying bribes to foreign officials in order to retain or obtain business. It also discusses the problems it imposes on market participants. It suggests federal regulators to provide improved regulatory guidelines to understand FCPA