The Foreign Corrupt Practices Act (

The Foreign Corrupt Practices Act (FCPA)
Requires companies to maintain effective internal controls and not pay bribes
The logic is that effective internal controls over financial reporting will mitigate the risk of bribe payments
Was a reaction to the discovery, in the 1970s, that many U.S. companies did pay bribes
Enforcement of the FCPA has resulted in large fines against major U.S. companies