The Foreign Corrupt Practices Act

Please choose the most appropriate answer for each sentence.
  • 1

    During and after the Securities and Exchange Commission investigation in the1970s, more than 400 US companies admitted to illegal or ..... payments in excess of US$200 million to foreign political parties, politicians and officials.

  • 2

    These payments ran the gamut from 'facilitating' payments to ensure government officials ..... certain duties to bribery to secure some favorable action by foreign governments.

  • 3

    The US Congress enacted the Foreign Corrupt Practices Act in order to ..... a halt to bribing foreign functionaries and restore public confidence in the honesty of the US system of business.

  • 4

    A number of companies that bribed foreign officials received large fines, along with suspension and ..... from US government procurement contracting, while some employees and executives went to prison.

  • 5

    After passage of the Act, Congress was worried that US firms were now at a disadvantage to foreign firms, who ..... used bribery and were actually permitted in some countries to use the cost of such payments as business expense deductions on their tax returns.

  • 6

    From 1999, the anti-bribery provisions of the Act have also applied to foreign individuals and companies who take any action in ..... of such corrupt payments while in the USA.

  • 7

    The Act's accounting provisions, designed to operate in ..... with its anti-bribery provisions, require companies to keep records that accurately reflect their transactions and to maintain adequate internal controls.

  • 8

    Regarding the basic prohibition against bribery, several elements must be met in order for the act to ..... a violation of the Foreign Corrupt Practices Act.

  • 9

    Persons and corporations can also be penalized if they authorize, order or assist anyone else to violate the anti-bribery provisions of the FCPA or if they ..... to violate them.

  • 10

    It is illegal to pay a third party while knowing that some or all of that payment will go directly or indirectly to a foreign official: the Act forbids corrupt payment through ......

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