Question

In 1998, what Act expanded the scope of the FCPA for application to foreign companies (other...

In 1998, what Act expanded the scope of the FCPA for application to foreign companies (other than those regulated by the SEC) and foreign nationals?

1

2003 United Nations Anti-Trust Act
2

2019 World Bank Ethical Behavior Act
3

International Anti-Bribery and Fair Competition Act of 1998
4

Global Ethical Business Act of 2014
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Answer #1

The correct answer is Option (3) International Anti-Bribery and Fair Competition Act of 1998.

On November 10, 1988, President Clinton signed the International Anti-Bribery and Fair Competition Act of 1998. Because the 1998 amendments expand the scope of the FCPA, companies will need to revisit their policies to ensure compliance with the new provisions of the Act.

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