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Does the Foreign Corrupt Practices Act FCPA permit grease payments to lower level foreign officials to speed up the clearance of imported goods?
Yes, as long as there is no attempt to influence government policy, but only to speed up the processes.
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Does the Foreign Corrupt Practices Act FCPA permit grease payments to lower-level foreign officials to speed up the clearance of imported goods?
Yes, as long as there is no attempt to influence government policy, but only to speed up the processes.
What are the provisions of the Foreign Corrupt Practices Act of 1977?
it prohibits U.S. partnerships, companies, and organizations from not only giving payments but also offering or authorizing payments to foreign officials or political parties
What does the 1978 Foreign Corrupt Practices Act prohibit US companies from doing?
The 1977 FCPA prohibits the bribery of most officials of foreign governments if the purpose of the payment is to get the official to provide business opportunities. The act was then amended and permits payments to foreign officials if these payments are lawful within the particular foreign country. The amended act also doesn't prohibit payments to private foreign companies of third parties unless the U.S. firm is aware that these payments will be passed on to a foreign government in violation of the FCPA.
Approving Officials are pecuniarily liable for payments resulting from the erroneous performance of their duties?
Yes, approving officials are pecuniarily liable for payments resulting from the erroneous performance of their duties.
What is true about accountable officials and certifying officials?
They are pecuniarily liable for all illegal, improper or incorrect payments
Who has pecuniary responsibility for erroneous payments?
Disbursing Officers, Certifying Officers, or Accountable Officials all have pecuniary responsibility for erroneous payments.
Under the Foreign Corrupt Practices Act under what conditions is a bribe not unlawful Explain and provide an example.?
Under the Foreign Corrupt Practices Act (FCPA), a bribe is not considered unlawful if it is permitted by the written laws of the foreign government where the payment is made. This means that if a local law explicitly allows for certain payments to government officials, those payments may not violate the FCPA. For example, if a country’s laws permit facilitating payments to expedite routine governmental actions, such as processing permits or licenses, these payments would not be deemed illegal under the FCPA.
What is an authorized official's status regarding documents in DTS?
They are Certifying Officers when approving documents that contain payments, and Departmental Accountable Officials at all other times
What is authorizing officials status regarding travel documents in DTS?
They are Certifying Officers when approving travel documents that contain payments, and Departmental Accountable Officials at all other times.
How does a country calculate their balance of payments?
Their treasury calculates the income gained from all their exports, and expenditure lost from all their imported goods. That difference between the two figures, gives the balance of payments.
What has the author Tom Kennedy written?
Tom Kennedy has written: 'An examination of questionable payments and practices' -- subject(s): Corporations, Corrupt practices
Are accountable officials pecuniary liable for illegal improper or incorrect payments as a result of negligence performance of Accountable Official duties?
Yes, accountable officials can be held pecuniary liable for illegal, improper, or incorrect payments that occur as a result of negligence in performing their duties. They have a responsibility to ensure that payments are made in accordance with the law and regulations, and any failures to do so may result in financial penalties or other legal consequences.
