Which of the following statements is true of the Foreign Corrupt Practices Act?

Question

Quizplus · Accepted Answer

The Foreign Corrupt Practices Act (FCPA), enacted in 1977, is a federal law that prohibits American businesses and their subsidiaries from bribing foreign officials to obtain or retain business. Therefore, option B is correct as it encompasses measures to control unethical overseas transactions by US corporations.

Option A is incorrect because the FCPA is enforced by the Department of Justice and the Securities and Exchange Commission, not the Federal Bureau of Investigation and the Ministry of Internal Affairs.

Option C is incorrect because the FCPA has not replaced the Dodd-Frank Wall Street Reform and Consumer Protection Act, which is a different law aimed at reforming the financial industry.

Option D is incorrect because the FCPA does not ignore the Bank Secrecy Act and the Mail Fraud Act; however, these laws may be used in conjunction with the FCPA to uncover violations related to foreign bribery.

Which of the Following Statements Is True of the Foreign