Question

The following criminal penalties may be imposed for violations of the FCPA'S (Foreign Corrupt Practices Act) antibribery provisions except:

A) corporations are subject to a fine of up to $2,000,000.
B) officers, directors, stockholders, employees, and agents are subject to a fine of up to $100,000.
C) fines imposed on individuals can be paid by their employer or principal.
D) the fines may be much higher, up to twice the benefit sought by the defendant.
E) in addition to fines, there may be imprisonment for up to five years.

Answer 1

The FCPA does not permit employers to pay the fines on behalf of individuals; fines can reach $2 million for corporations and $100,000 for individuals, with potential imprisonment up to five years.

Step-by-step explanation:

The criminal penalties imposed for violations of the Foreign Corrupt Practices Act's (FCPA) antibribery provisions do not allow for option C, which states: fines imposed on individuals can be paid by their employer or principal. In actuality, the FCPA explicitly prohibits companies from paying the fines on behalf of individuals.

The act holds that corporations may be fined up to $2,000,000, and individuals such as officers, directors, stockholders, employees, and agents may be fined up to $100,000. Moreover, there is the possibility for fines to be much higher, up to twice the benefit sought by the defendant. Additionally, individuals may also face imprisonment for up to five years.