Tue, 11 Feb 2025

Tue, 11 Feb 2025 Trump halts prosecution of firms accused of bribery abroad

Trump has paused enforcement of an anti-corruption law, saying it "overreached" and stopped US firms from winning business overseas.

* US President Donald Trump has halted enforcement of the Foreign Corrupt Practices Act (FCPA), a 50-year-old anti-corruption law.
* The law prohibits US firms from bribing foreign officials to win business and has been used to prosecute several major companies, including Goldman Sachs and Glencore.
* Trump claims that over-enforcement of the FCPA is harming American businesses and creating an uneven playing field.
* Transparency International has condemned Trump's decision, saying it will "diminish" and potentially eliminate a key tool in the fight against global corruption.
* The move comes as part of a broader effort by Trump to expand his presidential powers and reduce regulations on American businesses.
* Other recent actions by Trump include pardoning former Illinois Governor Rod Blagojevich and dropping a corruption case against New York City Mayor Eric Adams.
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