Trump to halt enforcement of law banning bribery of foreign officials

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Financial Times 15h ago

Trump to halt enforcement of law banning bribery of foreign officials - Financial Times

Quick Summary:

US companies were damaged by “over-enforcement” of the act since “they are prohibited from engaging in practices common among international competitors, creating an uneven playing field”, the official added.

In 2022, one of McKinsey’s former senior partners pleaded guilty to participating in a conspiracy to violate the FCPA in relation to a sprawling corruption scandal during the administration of former South African president Jacob Zuma.

The order marks one of the boldest enforcement policies issued by Trump’s administration, potentially undermining a critical tool in cracking down on individual as well as corporate misconduct.