Which of the following does the U.S. law and OECD convention allow as

QUESTION

Which of the following does the U.S. law and OECD convention allow as an exception?

A. Bribing a foreign government official to obtain a contract

B. Failure to keep records that would reveal if a violation of the Foreign Corrupt Practices Act has occurred

C. Grease payments or speed money

D. Private action

E. Breach of the rule of law

ANSWER

C
Both the U.S. law and OECD convention include language that allows for exceptions known as facilitating or expediting payments (also called grease payments or speed money), the purpose of which is to expedite or to secure the performance of a routine governmental action.