The U.S. Foreign Corrupt Practices Act (FCPA) generally prohibits giving “
anything of value
” to a foreign official for the purposes of unduly influencing an act or decision of the official or securing an improper advantage in order to win or retain business. “Anything of value” can take many forms, including the hiring of family members of a foreign official.
Q.1
Which international bank made headlines in February for its hiring practices in Asia?
Bank of America
Deutsche Bank
HSBC
UBS