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Three mining companies have recently been indicted with violations of

Question : Three mining companies have recently been indicted with violations of : 6362

Three mining companies have recently been indicted with violations of the US Foreign Corrupt Practices Act (FCPA) for events that happened in the country of Moldova. Their cases are as follows: A Co. a US-based corporation whose stock does not trade on public exchanges. Charged with bribing a foreign official through a lump-sum payment in order to gain a license to explore Moldova s lucrative diamond fields. B Co. a German-based corporation that conducts extensive drilling operations in the United States. Charged with bribing a foreign official through a lump-sum payment in order to explore Moldova s lucrative oil fields. C Co. a Swiss-based corporation that conducts no business in the United States, but which recently sold stock on the New York Stock Exchange. Charged with paying for a luxury hotel room for a government official while the official was attending a training seminar in order to learn how the Swiss company s drills operate.

Given the facts in the above cases, which of the following correctly identifies the greatest number of companies that the US government will likely be able to charge with a violation of the FCPA and explains why?"

A Co. only because it is the only company that is a US-based corporation

A Co because it is a US-based corporation and B Co. because B Co. conducts extensive business (drilling) in the United States

All these companies will be liable (A Co because it is a US-based corporation and B Co. because B Co. conducts extensive business (drilling) in the United States). C co. will also be liable for FCPA violations because C Co. sold stock on a US stock exchange and has been caught making a questionable payment to expedite a routine business transaction.

None of these companies can be held liable for FCPA violations because all potential bribes were paid in Moldova, which removes US jurisdiction over the company"

A Co because it is a US-based corporation and B Co. because B Co. conducts extensive business (drilling) in the United States

All these companies will be liable (A Co because it is a US-based corporation and B Co. because B Co. conducts extensive business (drilling) in the United States). C co. will also be liable for FCPA violations because C Co. sold stock on a US stock exchange and has been caught making a questionable payment to expedite a routine business transaction.

None of these companies can be held liable for FCPA violations because all potential bribes were paid in Moldova, which removes US jurisdiction over the company"

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