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What constitutes a bona fide expenditure under the Foreign Corrupt Practices Act (FCPA)?

April 26, 2017ACT bona constitutes corrupt expenditure FCPA fide foreign practices

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What constitutes a bona fide expenditure under the Foreign Corrupt Practices Act (FCPA)?

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The FCPA defines a bona fide expenditure as things like travel and lodging expenses incurred by or on behalf of a foreign official that was directly related to the promotion, demonstration, or explanation of products and services, or related to the performance of a contract with a foreign government or agency.