Question: Why was the Foreign Corrupt Practices Act criticized? Multiple Choice The act does not require full disclosure of funds that were taken out of or
Why was the Foreign Corrupt Practices Act criticized?
Multiple Choice
The act does not require full disclosure of funds that were taken out of or brought into the United States.
The act does not address the illegality of using the US mail or wire communications to transact a fraudulent scheme.
The act requires corporations to fully disclose all transactions conducted with foreign officials in line with the SEC provisions.
The act formally recognizes the facilitation payments, which would otherwise be acknowledged as bribes.
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