Question

.Which of the following does the U.S. law and OECD convention allow as an exception?

A. Bribing a foreign government official to obtain a contract
B. Failure to keep records that would reveal if a violation of the Foreign Corrupt Practices act has occurred
C. Grease payments or speed money
D. Private action
E. Breach of the rule of law

Answer 1

The U.S. law and the OECD convention allow grease payments or speed money as an exception. Grease payments are payments made to foreign officials to expedite or secure the performance of routine, non-discretionary governmental actions. However, it is important to note that the U.S. law and the OECD convention do not allow bribes or other corrupt payments to foreign officials.