Question

The Foreign Corrupt Practices Act (FCPA), enacted in 1977,

allows for the payment of bribes to foreign officials to assist in obtaining business in certain circumstances

has been adopted by numerous countries around the world.

was repealed by the current administration.

generally prohibits the payment of bribes to foreign officials to assist in obtaining business

Answer 1

The Foreign Corrupt Practices Act (FCPA), enacted in 1977, as the name suggests, focused primarily on two major issues:-

1. To maintain propers records and books of accounts to maintain transparency for its related requirements and to maintain internal controls in the organisation.

2. To generally prohibiting the payment of bribes to foreign officials to assist in obtaining/securing business.

Hence the correct ans. Is the last one i.e. 'generally prohibits the payment of bribes to foreign officials to assist in obtaining business'.