International Anti-Bribery Act of 1998

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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 Organisation for Economic Co-operation 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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