International Anti-Bribery Act of 1998

The International Anti-Bribery and Fair Competition Act of 1998 (Pub.L. 105–366, 112 Stat. 3302, enacted November 10, 1998) is a United States federal law that amends the Foreign Corrupt Practices Act by implementing the provisions of the Organization for Economic Cooperation and Development's Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.

The act makes it illegal for a citizen or corporation of the United States or a person or corporation acting within the United States to influence, bribe or seek an advantage from a public official of another country.[1]

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References

  1. ↑ See generally T. Markus Funk, "Meeting (and Exceeding) Our Obligations: Will OECD's Anti-Bribery Convention Cause the Dodd-Frank Act's 'Whistleblower Bounty' Incentives to Go Global?," 5 BNA White Collar Crime Report 711 (November 8, 2010).


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