During the 1970s, the United States government passed the Foreign Corrupt Practices Act, following the revelations that U.S. companies were bribing foreign government officials in an attempt to strengthen business ties and financial agreements. The law made bribing foreign government officials illegal, and made it mandatory for companies to keep detailed records of business deals and transactions in order to officials to determine if any violations of the law had been committed. To no surprise, the globalization of U.S. business ventures has exponentially increased since the 1970s, and even though the Foreign
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