Prior to the passing of the Foreign Corrupt Practices Act,unethical corporate behavior was regulated by the _____,which required full disclosure of funds that were taken out of or brought into the United States.

Question

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The Bank Secrecy Act regulated unethical corporate behavior before the passing of the Foreign Corrupt Practices Act. This act required full disclosure of funds that were taken out of or brought into the United States. The Dodd-Frank Wall Street Reform and Consumer Protection Act and the Consumer Protection Act are both laws that were passed in response to the financial crisis of 2008 and were not in effect prior to the passing of the Foreign Corrupt Practices Act. The Securities and Exchange Commission is a regulatory agency responsible for enforcing securities laws, but it did not specifically regulate unethical corporate behavior prior to the Foreign Corrupt Practices Act.

Prior to the Passing of the Foreign Corrupt Practices Act,unethical