Foreign Bribery
Foreign bribery is the act of offering, promising, giving, or accepting a bribe to a foreign official, political party, or candidate for public office to influence the recipient’s actions or decisions to obtain or retain business or to secure an improper advantage. Foreign bribery is also known as transnational bribery or international bribery. It is illegal in many countries and is considered a form of corruption.
Foreign bribery can take many forms, including cash payments, gifts, favors, or other forms of inducement. It can be committed by individuals or businesses and can occur in many different sectors, including the public, private, and nonprofit sectors. The consequences of foreign bribery can be severe, including fines, imprisonment, and damage to a company’s reputation.