__________ is/are excluded from both the Foreign Corrupt Practices Act and the OECD convention on bribery.

Question

Quizplus · Accepted Answer

Facilitating payments, also known as "grease payments," are small payments made to foreign officials to expedite or secure routine government actions, such as processing paperwork or obtaining permits. While these payments are illegal in many countries, they are exempt from the Foreign Corrupt Practices Act (FCPA) and the OECD convention on bribery. This is because these laws recognize that such payments are a part of doing business in certain countries and that outlawing them may create more harm than good. However, it is important to note that facilitating payments should be limited in amount and frequency and should not be used as a means of gaining unfair advantage or circumventing laws and regulations.

__________ Is/are Excluded from Both the Foreign Corrupt Practices Act