Question

The __________ prohibits payments of money or providing anything of value by a U.S. company or its employees, to a foreign government official or a foreign political party for the purpose of improperly influencing government decisions.

a. Sherman Antitrust Act
b. SEC Act
c. Foreign Corrupt Practices Act (FCPA)
d. Comprehensive Environmental Response, Compensation, and Liability Act

Answer 1

Answer: C. Foreign Corrupt Practises Act (FCPA)

Explanation: The Foreign Corrupt Practices Act (FCPA) is a United States law passed into law in 1977 that prohibits United State 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. Accurate record-keeping of assets is required by the FCPA to ensure that only properly authorized transactions are taken under the purview of company management.