Which U.S. law regulates behavior regarding the conduct of international business in relation to bribery?

Study for the Praxis II Business Education – Content Knowledge (5101) Test. Enhance your business acumen with flashcards and multiple choice questions. Each question includes detailed hints and explanations to ensure thorough understanding. Prepare effectively for your exam!

The Foreign Corrupt Practices Act (FCPA) is the U.S. law that specifically addresses the issues of bribery in international business transactions. Enacted in 1977, the FCPA primarily aims to prohibit U.S. companies and individuals from bribing foreign officials for the purpose of obtaining or maintaining business. It reflects a commitment to promoting fair competition in international markets and helps to uphold ethical standards in global trade.

The FCPA not only criminalizes bribery but also requires transparency in financial reporting, ensuring that companies maintain accurate records that reflect their transactions. This dual focus on anti-bribery measures and financial integrity underscores the importance the U.S. places on ethical conduct in international business practices.

The other options do not specifically focus on bribery in international contexts, which is the core concern of the FCPA. The Anti-Money Laundering Act deals with financial crimes related to money laundering rather than bribery directly. Foreign Trade Regulations govern broader aspects of trade without a specific focus on bribery. The International Business Regulations Act is not a recognized U.S. law and does not specifically address international bribery issues.

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