Established in the United States,facilitating payments are excluded from the Foreign Corrupt Practices Act on the grounds they:

Question

Quizplus · Accepted Answer

Facilitating payments are excluded from the Foreign Corrupt Practices Act on the grounds that they 'speed up' approval for business investments. These payments are considered to be small bribes given to government officials to accelerate or facilitate routine administrative procedures, such as obtaining permits, licenses, or visas necessary to do business. They are often made to ensure smooth and timely execution of contracts rather than to obtain improper advantages. The exemption is intended to strike a balance between the need to curb corruption and the reality of doing business in countries where bureaucratic inefficiencies and delays are common.

Established in the United States,facilitating Payments Are Excluded from the Foreign