Bribery and Corruption (Part 3 of 5): International Bribery Laws and Conventions

The video discusses international anti-bribery laws and conventions established by organizations like the UN, OECD, EU, and OAS. It highlights the Foreign Corrupt Practices Act (FCPA), which prohibits U.S. and non-U.S. companies from bribing foreign officials. The OECD and EU conventions also require member countries to enact laws against bribery, ensuring compliance across borders.

Which international organizations are involved in creating anti-bribery conventions?

• World Health Organization and NATO

• World Bank and IMF

• United Nations and OECD

• ASEAN and African Union

What is the primary focus of the Foreign Corrupt Practices Act (FCPA)?

• Regulating international trade tariffs

• Prohibiting bribery of foreign officials

• Monitoring environmental compliance

• Ensuring fair labor practices

Who can be held liable under the FCPA for bribery-related activities?

• Both U.S. and non-U.S. companies

• Only non-U.S. companies

• Only U.S. companies

• Only government officials

How many countries have accepted the OECD convention to combat bribery?

• 25 countries

• 38 countries

• 50 countries

• 12 countries

What is required of EU member states under the EU convention on bribery?

• To promote cultural exchanges

• To increase taxes on corporations

• To enact laws prohibiting bribery of EU officials

• To reduce tariffs on imports