The Foreign Corrupt Practice Act (FCPA)was enacted to prohibit German based firms and nationals from making bribery payment.

Question

Quizplus · Accepted Answer

The Foreign Corrupt Practice Act (FCPA) was actually enacted by the United States Congress in 1977 to prohibit bribery payment by American companies and their employees to foreign government officials in order to obtain business advantages. The law also applies to foreign companies listed on U.S. stock exchanges and their subsidiaries, as well as to foreign individuals who take any act in furtherance of a corrupt payment while in the territory of the U.S.

The Foreign Corrupt Practice Act (FCPA)was Enacted to Prohibit German