The U.S. has been policing bribery all around the world for almost half a century utilizing a regulation known as the International Corrupt Practices Act. However now, President Trump has mentioned that this anti-corruption regulation is crippling American companies. Since taking workplace, his administration has decreased the variety of investigators, killed some instances, and adjusted the foundations.
On this episode, we take a look at the FCPA case in opposition to Glencore, a big commodity buying and selling firm, discovered responsible in 2022 for paying money bribes in change for profitable contracts all around the world.
And we return to the inception of the regulation, a time when utilizing bribes to repay international officers was thought of “grease within the wheels” – an inexpensive (if unethical) approach to get enterprise performed.
This episode was hosted by Amanda Aronczyk and Erika Beras. It was produced by Willa Rubin. It was fact-checked by Emily Crawford with assist from Willa Rubin. It was edited by Marianne McCune. It was engineered by James Willetts. Alex Goldmark is Planet Cash‘s govt producer.
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Music: Audio Community and Common Manufacturing Music – “Doing the Hustle,” “Collard Inexperienced Funk,” and “Like Dreaming”
