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The U.S. is the world's bribery cop. Is that about to change?

Planet Money

2025/06/20
Planet Money

Planet Money

2025/06/20
This episode delves into the complexities of global anti-corruption efforts through the lens of the U.S. Foreign Corrupt Practices Act (FCPA). It examines a high-profile case against Glencore, a multinational commodities trading company accused of bribery, and explores how changes in enforcement under different administrations impact international business practices.
The podcast investigates the FCPA's role in combating global corruption, focusing on Glencore's guilty verdict for paying bribes to secure lucrative contracts. The discussion traces the law's origins during the Watergate era, when corporate bribery scandals prompted legislative action. Initially resisted by businesses concerned about competitiveness, the FCPA evolved with increased enforcement and international cooperation. However, recent shifts under President Trump's administration have weakened its application, reducing investigations and closing cases prematurely. This has sparked debates over balancing economic competition with ethical business practices. The episode underscores the detrimental effects of bribery on economies and governance, emphasizing the need for robust anti-corruption measures.
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00:00
In 2011, South Sudan declared independence and Glencore arrived with cash.
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09:50
Bribery was initially seen as a way to facilitate business but led to political upheaval and economic harm.
22:11
22:11
Glencore was fined over $1.1 billion and required to have compliance monitors.