Multinational Corporation Illegal Kickbacks and International Bribes Can Be The Basis of SEC Bounty Actions and CFTC Bounty Actions That Pay International Whistleblowers Large Financial Rewards by Multinational Illegal Act Whistleblower Lawyer, International Bribe Lawyer, and Foreign Corrupt Practices Act Lawyer Jason S. Coomer

Multinational corporations are becoming increasingly rich and powerful as many are using illegal actions including illegal bribery and illegal kickbacks to government officials to exploit new markets, illegally pollute countries, obtain large contracts at exorbitant costs, circumvent safe building standards, and use unsafe mining & drilling practices.  Many of these powerful multinational corporations are run by pure corporate greed and have used illegal bribery and illegal kickbacks to government officials in order to exploit people, resources, populations, businesses, and whole countries to maximize profits.

These corrupt and illegal practices are the target of new Bounty Actions passed by the United States government.  These Bounty Actions are designed to encourage professionals and other people with specialized knowledge of illegal bribes, illegal kickbacks, and other unlawful acts to work through Foreign Corrupt Practices Act Bounty Action lawyers to expose these unlawful actions.

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Many large multinational corporations that do business in Russia, China, Mexico, Brazil, Africa, the Middle East, and India are using illegal bribes and kickbacks to government officials to obtain large contracts in several business sectors.  These corrupt multinational corporations use these illegal bribes and kickbacks to government officials to unfairly compete with other corporations to obtain large contracts at increased costs, to avoid environmental concerns, to avoid safety issues, and to avoid safe building standards.  In other words, by bribing high level political government officials and or low level government officials in key government offices, corrupt multinational corporations can provide low quality and often dangerous construction projects, oil & mining exploration, defective products, and inferior services for inflated costs.  These corrupt business practices are most common in the following business sectors: public works contracts, construction contracts, oil & gas contracts, heavy manufacturing contracts, mining contracts, pharmaceutical contracts, and health care contracts.

The multinational corporations that have used their money, power, and influence to illegally bribe government officials and use unlawful business tactics to unfairly and unethically cheat their competition, should be aware that both the United States and United Kingdom are investigating multinational corporations and there subsidiaries for violations of anti-bribery laws.  These laws are designed to prevent large corporations from using illegal corporate bribes of and illegal kickbacks to government officials to create unfair and illegal advantages in international markets.

Included in these laws are not only large economic incentives for whistleblowers that properly expose large scale illegal schemes, but also protect the whistleblower from potential retaliation.  One of these protections is that under SEC Bounty Action whistleblower laws, a Bounty Action Whistleblower can often work anonymously through a lawyer until the amount of an award is determined, even then the identity is to remain confidential.  These anonymity and confidentiality provisions are just two of many protections and benefits specifically designed to encourage people with original and specialized knowledge of illegal bribes, kickbacks, and other illegal actions to step forward.

Foreign Corrupt Practices Act Prohibits Illegal Bribes of Government Officials and Bounty Actions Allow Whistleblowers to Confidentially Report Foreign Corrupt Practices Act Violations Through Bounty Action Lawyers and Potentially Claim Large Fiancial Rewards

The Foreign Corrupt Practices Act (FCPA) prohibits bribery of foreign officials by U.S. companies and foreign companies listed on the U.S. securities exchange.  The Foreign Corrupt Practices Act (FCPA) also requires such companies to maintain accurate books and records.  Foreign Corrupt Practices Act Whistleblowers that properly report violations of the Foreign Corrupt Practice Act by a U.S. or foreign companies listed on the U.S. securities exchanges can recover a large reward for exposing Foreign Corrupt Practices Act (FCPA) violations.

By combining the Foreign Corrupt Practices Act with the new SEC Whistleblower Incentive Program, whistleblowers with original and specialized knowledge and evidence of corporate bribery and illegal kickbacks are eligible to recover large economic awards.  By gathering this evidence and going through a lawyer, these whistleblowers can protect their identity through the process and potentially collect large rewards of 10% to 30% of the monetary sanctions including disgorged funds.

Please keep in mind that the Foreign Corrupt Practices Act Bounty Action Whistleblower may be entitled to not only the amount of the illegal bribe or kickback, but the benefit of the illegal bribe or kickback.  As such, in cases where $50,000.00 bribe is made to obtain a $200 million building project such as a hospital or pipeline, the Foreign Corrupt Practices Act Bounty Action Whistleblower may be entitled to 10 to 30% of the $200,000,000.00 and the $50,000.00 translating into over a $20 million to $60 million award.

Foreign Corrupt Practices Act (FCPA) Prohibitions

The Foreign Corrupt Practices Act (FCPA) prohibits the offer or making of payments or giving anything of value, either directly or indirectly, to any foreign official, political party or political candidate, or public international organization to obtain or maintain business when the offer, payment or gift is intended to influence a desired action; induce an act in violation of a lawful duty; cause a person to refrain from acting in violation of a lawful duty; secure any improper advantage; or influence the decision of a government or instrumentality.  These prohibitions preclude payments were unlawful under the laws of the country in which payment was made; payments that are not legitimate expenses directly related to the promotion, demonstration or explanation of the company's product or services; and payments that are not made in accordance with a contract between the company and a foreign entity.  These prohibitions also include third party actions where the company knows that a payment or a gift will be provided to a government official or agency for the purpose of obtaining a contract or business.

Violations of the Foreign Corrupt Practices Act (FCPA) are particularly common when a new market is opening up because of the intense interaction with a foreign government during the opening of the market; in markets that are under heightened government scrutiny or regulation; in markets where foreign investors including U.S. business operate through foreign consultants and contractors; and in markets where foreign companies are acting through partners in joint ventures.

International businesses and large corporations that are conducting business in a new market which is opening up; in markets that are under heightened government scrutiny or regulation; in markets where foreign investors operate through foreign consultants and contractors; and in markets where foreign companies are acting through  partners in joint ventures should have strong compliance departments and anti bribery policies fail to properly prohibit illegal kickbacks, bribery, and other violations of the Foreign Corrupt Practices Act (FCPA).  These compliance departments and anti bribery policies should including strong and clear policies regarding suppliers in the supply chain and mandate that third party business partners such as agents, distributors and joint venture partners comply with the Foreign Corrupt Practices Act (FCPA).

Under the Foreign Corrupt Practices Act (FCPA), the only exception to the prohibition of making payments to do business in another country are qualified facilitating payments. Qualified facilitating payments made in accordance with local custom or to expedite or secure the performance of routine government action that the payor is entitled to receive, such as government action to obtain licenses or permits, process government papers such as visas and work orders, or obtain government provided services such as police protection, mail, power or phone services may be exempted from coverage by the FCPA.

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In developing new markets and exploiting existing markets, large multinational corporations often become extremely competitive to the point where they will violate laws and ethics in the pursuit of advantages to obtain large profits.  By offering large financial rewards and increased whistleblower protections, the United States through the SEC is working to use financial incentives and market forces to enforce existing laws and prevent unlawful exploitation by large and corrupt multinational corporations.

As such, Multinational Corporation Illegal Kickback Whistleblower Lawyers, Multinational Corporation Illegal Contract Bribe Bounty Action Lawyers, Corrupt Multinational Corporation Illegal Act Bounty Lawyers, Illegal Multinational Corporation Whistleblower Lawyers, and Multinational Foreign Corrupt Practices Act Lawyers are working with Multinational Corporation Illegal Practices Whistleblowers to help regulate violations of the Foreign Corrupt Practices Act and some of the most egregious behavior by these Multinational Corporations.

For more information on Foreign Corrupt Practice Act Bounty Actions, please feel free to go to the following web pages, Foreign Corrupt Practices Act Lawsuits and SEC Bounty Action Lawsuits and International Contract Government Official Bribe Bounty Actions.

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The Foreign Corrupt Practices Act (FCPA) prohibits bribery of foreign officials by U.S. companies and foreign companies listed on the U.S. securities exchange.  The Foreign Corrupt Practices Act (FCPA) also requires such companies to maintain accurate books and records.  Foreign Corrupt Practices Act Whistleblowers that properly report violations of the Foreign Corrupt Practice Act by a U.S. or foreign companies listed on the U.S. securities exchanges can recover a large reward for exposing Foreign Corrupt Practices Act (FCPA) violations.

If you have a question about this article or the Foreign Corrupt Practice Act (FCPA),  please feel free to contact International Business Lawyer and Foreign Corrupt Practices Act Lawyer Jason Coomer via e-mail message.