The U.S. is the bribery cop. Is that about to change?
21 hours ago
- #business
- #corruption
- #FCPA
- The U.S. has enforced the Foreign Corrupt Practices Act (FCPA) to police global bribery for nearly 50 years.
- President Trump criticized the FCPA, claiming it harms American businesses, leading to reduced enforcement efforts.
- The Trump administration cut investigator numbers, dismissed cases, and altered enforcement rules.
- Glencore, a commodity trading giant, was convicted in 2022 under the FCPA for bribing officials worldwide for contracts.
- Historically, bribery was seen as 'grease in the wheels'—an unethical but accepted business practice.
- The episode explores the FCPA's origins and its impact on global anti-corruption efforts.