Wholly owned U.S. subsidiaries and other U.S. entities controlled by foreign corporations, including their directors, employees, and agents are examples of segments of U.S. firms that are not subject to the Foreign Corrupt Practices Act (FCPA)

Question

Quizplus · Accepted Answer

All U.S. subsidiaries and entities, regardless of foreign ownership, are subject to the FCPA. The act applies to any company that has securities registered with the U.S. Securities and Exchange Commission, and it prohibits bribery of foreign officials to obtain or retain business.

Wholly Owned U