Question: What is the Foreign Corrupt Practices Act? Briefly explain what payments the law permits and what it does not allow. What happened to Siemens AG

What is the Foreign Corrupt Practices Act? Briefly explain what payments the law permits and what it does not allow. What happened to Siemens AG as relates to the FCPA. What is the Sons and Daughters FCPA issue? In the case of Taikang Life insurance, a Chinese company, J.P. Morgan settled for $264million, but was not charged under the FCPA., Why not? Why do U.S. companies feel the FCPA is unfair.

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