Author Question: What types of payments are legal and illegal under the Foreign Corrupt Practices Act (FCPA) of the ... (Read 157 times)

strangeaffliction

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What types of payments are legal and illegal under the Foreign Corrupt Practices Act (FCPA) of the United States? Provide an example.
 
  What will be an ideal response?

Question 2

Historically, companies searching their ranks for potential expatriates looked first for individuals with the necessary language proficiency and then evaluated their technical competence.
 
  Indicate whether the statement is true or false


tandmlomax84

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Answer to Question 1

Payments to officials to expedite otherwise legitimate transactions (officially called facilitation payments but sometimes referred to as speed money or grease money) are legal, but payments to other officials who are not directly responsible for carrying out the transaction are not. Facilitation payments take many forms. For example, payment to a customs official to clear legitimate merchandise is legal, whereas a payment to a government minister to influence the customs official is illegal. The FCPA allows the former payment because governmental officials in many countries delay compliance of laws indefinitely until they do receive payments, even though such payments may be illegal in those countries.

Answer to Question 2

FALSE



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