Trump to stop the application of the law prohibiting the bribery of foreign officials

President Donald Trump was appointed Monday to sign an executive order directed Ministry of Justice To stop implementing a half -century -old law prohibits American companies and foreign companies from bribery of foreign governments officials to obtain or preserve business.

Pause Criminal prosecutions It will be implemented to avoid the position of American companies in an undoubted position for foreign competitors.

the Bloomberg I first reported the planned executive order related to Foreign corrupt practices law. Bloomberg stated that Trump will tell the Prosecutor Pam Bondi to stop FCPA procedures, and to review the current and previous procedures related to the law, with new instructions for the application.

The White House official confirmed the report, as CNBC told, “He temporarily stopped enforcing to understand the best way to simplify FCPA to ensure that it is in line with economic interests and national security.”

FCPA became law in 1977, with the exception of all Americans and some foreign securities to pay bribes to foreign officials. The law was amended in 1998 to apply to foreign companies and people who caused such bribes within the United States.

The written law applies on a large scale not only to the direct bribes that are paid, but also to the bribes offered, planned or authorized by the company’s management.

FCPA definition of the types of procedures taken by foreign officials who arouse the law as well.

Individuals and companies can be prosecuted under FCPA.

FCPA violators face the maximum possible criminal penalty for 15 years in prison and a maximum fine of $ 250,000, or three times the cash equivalent of the value of the value required by a foreign official.

In 2024, the Ministry of Justice announced enforcement procedures in 24 cases related to the alleged violations of FCPA.

There were 17 such enforcement procedures that were announced in 2023.

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