It is designed to stop bribery of foreign officials by American citizens. prohibited from making payments that can go to a foreign official. Nice work! You just studied 42 terms!
To violate the FCPA, a payment or an offer of payment to a foreign official must be made with "corrupt intent." Which of the following would most likely be considered a bribe under the FCPA?
An exception to the FCPA's anti-bribery prohibition exists for "grease payments" or payments to facilitate or expedite performance of "routine governmental action". Which of the following is NOT considered "routine governmental action" as defined by the FCPA?
The FCPA is directed toward U.S. companies operating abroad, although the provisions of the FCPA were extended in 1998 to include bribery by foreign firms operating in the United States or one of its territories. The U.S. government and other governments world-wide are starting to crack down harder on bribery.
Which of the following observations about the Foreign Corrupt Practices Act is true? The act outlawed the paying of bribes to foreign government officials to gain business.
The Foreign Corrupt Practices Act (FCPA), enacted in 1977, generally prohibits the payment of bribes to foreign officials to assist in obtaining or retaining business.
The Foreign Corrupt Practices Act (FCPA) is a United States law passed in 1977 that prohibits U.S. firms and individuals from paying bribes to foreign officials in furtherance of a business deal. The FCPA places no minimum amount for a punishment of a bribery payment. You just studied 9 terms!
The FCPA has two primary provisions: (1) an anti-bribery provision which makes it unlawful for a U.S. company or citizen, and certain foreign issuers of securities, to make a corrupt payment to a foreign official for the purpose of obtaining or retaining business and (2) an accounting provision which requires companies ...
Which of the following is true of the penalties under the Foreign Corrupt Practices Act? Officers, directors, stockholders, employees, and agents are subject to a fine of up to $250,000 per violation and imprisonment for up to five years.
Which of the following is a true statement regarding the differences between the FCPA and the UKBA? The FCPA applies only to bribing foreign officials. The UKBA also applies to commercial (private sector) bribery, passive bribery (receiving of a bribe), and failure as a commercial entity to prevent bribery.
The Foreign Corrupt Practices Act prohibits foreign officials from entering the U.S. to conduct illegal business. The FCPA prohibits payments to foreign officials to corruptly influence an official act or decision or to influence a foreign government. The primary purpose of criminal law is to compensate victims.
The act prohibits bribery of foreign officials and intends to deter corruption and abuses of power worldwide. The FCPA contains policies for governing the actions of publicly traded companies, their directors, officers, shareholders, agents, and employees.
The Foreign Corrupt Practices Act of 1977, as amended, 15 U.S.C. ยงยง 78dd-1, et seq. ("FCPA"), was enacted for the purpose of making it unlawful for certain classes of persons and entities to make payments to foreign government officials to assist in obtaining or retaining business.
Requirements. The anti-bribery provisions of the FCPA make it unlawful for a U.S. person, and certain foreign issuers of securities, to make a payment to a foreign official for the purpose of obtaining or retaining business for or with, or directing business to, any person.
Who Is Covered by the FCPA? The FCPA applies to two broad categories of persons: those with formal ties to the United States and those who take action in furtherance of a violation while in the United States. U.S. "issuers" and "domestic concerns" must obey the FCPA, even when acting outside the country.