Asked by Gaoussou Doucoure on Apr 30, 2024
Verified
Fines imposed on individuals for violating the Foreign Corrupt Practices Act may be paid, either directly or indirectly, by the domestic concern on whose behalf they acted.
Foreign Corrupt Practices Act
A U.S. law that prohibits American companies and their subsidiaries from bribing foreign officials to retain or obtain business.
Fines
Monetary penalties imposed as punishment for breaking laws or regulations.
Domestic Concern
Matters or businesses pertaining to the internal affairs or operations of a specific country.
- Get an understanding of the complexities involved in carrying out international law and the scope of international courts' authority.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
False
Explanation :
Under the Foreign Corrupt Practices Act (FCPA), individuals fined for violations cannot have their fines paid by the domestic concern (or company) on whose behalf they acted, as this would undermine the deterrent effect of the penalties.
Learning Objectives
- Get an understanding of the complexities involved in carrying out international law and the scope of international courts' authority.