The Foreign Corrupt Practices Act (FCPA) prohibits bribes by multinational corporations to foreign officials to obtain lucrative contracts. These prohibitions include bribes to employees of government owned companies such as Embraer and Petrobras. Brazilian bribe whistleblowers that properly report these illegal contract bribes, kickbacks, and other corrupt practices may recover large rewards for exposing corrupt practices committed by multinational corporation.
"Embraer, the Brazilian airplane manufacturer (fourth largest in the world), announced last week that it is being investigated by the U.S. Securities and Exchange Commission (SEC) for possible U.S. Foreign Corrupt Practices Act (FCPA) violations. This is the U.S. government’s first FCPA action against a major Latin American-based multi-national." Boom Times in Brazil, Part 4 (Developments that might signal corruption reform . . . including Embraer) : FCPAméricas
"The implications are significant. In the past, Latin American executives have watched as major companies were hit by FCPA actions in the region. But the companies were always foreign companies, or their Latin American subsidiaries. Take, for example, IBM in Argentina, Siemens in Venezuela and Argentina, Nature’s Sunshine in Brazil, Alcatel in Costa Rica and Honduras, and Lindsey Manufacturing in Mexico. In each case, Latin American observers could dismiss the action as something against foreigners. Not anymore. Now, one of their own has been hit. Embraer is, through-and-through, a Brazilian corporation. Brazilian executives are on notice." Boom Times in Brazil, Part 4 (Developments that might signal corruption reform . . . including Embraer) : FCPAméricas -