difeerence between FCPA and UK bribery act

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  • #223952

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    george demian
    Participant

    I see there is an discrepancy in the two paragraph or i cant understand correctly the difference between FCPA and UK bribery act
    i would like to know the application of FCBA on public and private companies or public only and also the application of UK act on public only or public and private companies

    here are two photos from the text book i need clarification between two acts in application of law on which type of companies

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  • #223972

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    Lynn Roden
    HOCK international

    Hi george demian,

    In any bribery situation, there are two entities: the entity offering the bribe, and the entity receiving the bribe.

    The first passage is about the entity receiving the bribe. It says that the FCPA applies to bribery of foreign officials only. It means any company that is subject to the FCPA’s antibribery provisions may not bribe any foreign official.

    The second passage is about the entity offering the bribe. It says that both publicly-held companies and privately-held companies may not offer any bribes to foreign officials.

    Lynn

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