The Foreign Extortion Prevention Act (FEPA) criminalizes the “demand side” of foreign bribery – that is, the Act makes it illegal for any foreign official to demand, receive, or agree to receive a bribe from a US citizen, company, or resident.
FEPA is designed to work in conjunction with the Foreign Corrupt Practices Act (FCPA), which criminalizes the “supply side” of foreign bribery (ie, the offering or provision of something of value to obtain or retain business).
US companies doing business in Latin America, US residents, and foreign officials are encouraged to take note. Our alert looks at the top points.
