CandleFocus President Trump orders to pause FCPA law that led to Binance exec 8-month detention in Nigeria
2025-02-11
Author: Content Editor
President Donald Trump has signed an executive order suspending the enforcement of the Foreign Corrupt Practices Act (FCPA), which prohibits American companies from bribing foreign government officials. Trump believes that relaxing the law will benefit US-native companies and attract more business. Critics argue that the FCPA is crucial in fighting global corruption and that this executive order undermines those efforts. The order directs the Attorney General to review past and current actions related to the law and develop new guidelines for enforcement. The FCPA has led to numerous investigations and enforcement actions against multinational firms.
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