Which law prohibits bribes of foreign government officials or business executives quizlet?

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What is the act that prohibits bribes to foreign officials companies or individuals?
What is an FCPA?
What is the main anti
Which act outlaws the payment of bribes to foreign government officials to gain businesses quizlet?

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Although secrecy makes precise figures difficult -surveys, self-reports and government disclosures confirm that bribery, solicitation and extortion are massive and widespread problems:
40% of 2700 executives surveyed reported being solicited.
50-60% in high-risk developing countries & high-risk sectors.
20% of 1000 executives reported losing business to a bribe.
Involves businesses both small and big.
Even profitable and otherwise respected companies have been involved in international bribery scandals.
Wal-Mart, Siemens, Johnson & Johnson, Lockheed Martin, T-Mobile affiliates, Pfizer, Shell, Tyson, JP Morgan.

Sets with similar terms

What is the act that prohibits bribes to foreign officials companies or individuals?

U.S. Foreign Corrupt Practices Act. FCPA makes it unlawful for a U.S. person or company to offer, pay, or promise to pay money to any foreign official for the purpose of obtaining or retaining business.

What is an FCPA?

The Foreign Corrupt Practices Act of 1977, as amended, 15 U.S.C. §§ 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.

What is the main anti

The US Foreign Corrupt Practices Act of 1977, as amended, (the FCPA) is a criminal statute that prohibits individuals and companies from directly or indirectly offering or providing corrupt payments or other things of value to non-US government officials, employees of certain types of state-owned entities, political ...