Sebastian and Amy are arguing over secondary legislations that were in place prior to the passing of the Foreign Corrupt Practices Act (FCPA) . Amy is of the opinion that the FCPA encompasses all secondary measures that were in use to prohibit corrupt practices. Sebastian disagrees with Amy on this point. Which of the following, if true, would strengthen Amy's argument?
A) The FCPA requires only partial disclosure of funds that were taken out of or brought into the United States.
B) The FCPA does not specify that using wire communications to transact fraudulent schemes is illegal.
C) The FCPA requires corporations to fully disclose all transactions conducted with foreign officials in line with the SEC provisions.
D) The FCPA does not fine companies for failing to disclose payments made to foreign officials under its securities rules.
Correct Answer:
Verified
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