A company pays bribes in foreign countries in order to conduct operations there. What legal consequences can the company face?
A) No legal consequences as long as the bribe was legal in the country where it was paid.
B) No legal consequences as long as the company was acting in the best interests of shareholders.
C) No legal consequences as long as the company had no choice but to pay the bribe if it wished to do business in the foreign country.
D) Legal consequences under the Foreign Corrupt Practices Act.
E) Legal consequences under Glass-Steagall.

Question

Quizplus · Accepted Answer

The Foreign Corrupt Practices Act (FCPA) prohibits U.S. companies and individuals from making corrupt payments to foreign officials for the purpose of obtaining or keeping business. Therefore, paying bribes in foreign countries can lead to legal consequences under the FCPA, regardless of whether the bribe was legal in the country where it was paid, in the best interests of shareholders, or seen as necessary to do business in the foreign country.

A Company Pays Bribes in Foreign Countries in Order to Conduct