Question

Which of the following U.S. laws prohibits payments to foreign officials for the purpose of obtaining or retaining business?

a. Sarbanes-Oxley Act of 2002
b. Foreign Corrupt Practices Act of 1977
c. The USA Patriot Act of 2001
d. Personal Responsibility and Work Opportunity Act of 1996

Answer 1

b. Foreign Corrupt Practices Act of 1977

Step-by-step explanation:

b. Foreign Corrupt Practices Act of 1977. This act prohibits payments to foreign officials for the purpose of obtaining or retaining business. It also requires companies to properly record and report their financial transactions, and it prohibits the use of false accounting methods to disguise payments.