The Foreign Corrupt Practices Act (FCPA)placed more effective controls over the practice of bribing foreign officials and politicians by American publicly traded companies pursuing international growth.

Question

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The statement is true. The Foreign Corrupt Practices Act (FCPA) was introduced in 1977 to combat the bribery of foreign officials by American companies pursuing business opportunities overseas. It aimed to promote ethical business practices and accountability, and to level the playing field for American companies operating abroad. The FCPA applies to all US publicly traded companies, and it has been enforced rigorously by the US Department of Justice and the Securities and Exchange Commission.

The Foreign Corrupt Practices Act (FCPA)placed More Effective Controls Over