Why Was the Foreign Corrupt Practices Act Criticized

question 66

Multiple Choice

Why was the Foreign Corrupt Practices Act criticized?

• A)The act does not require full disclosure of funds that were taken out of or brought into the United States.
• B)The act does not address the illegality of using the U.S. mail or wire communications to transact a fraudulent scheme.
• C)The act requires corporations to fully disclose all transactions conducted with foreign officials in line with the SEC provisions.
• D)The act formally recognizes the facilitation payments, which would otherwise be acknowledged as bribes.