What caused the division of Germany?
At the end of the Second World War, Germany was divided into four zones of occupation under the control of the United States, Britain, France and the Soviet Union. Germany became a focus of Cold War politics and as divisions between East and West became more pronounced, so too did the division of Germany.
Why did Germany divide into East and West?
As result of Potsdam Agreement by the three main winners (US, UK, USSR) on 1 August 1945, Germany was divided between the two global blocs in the East and West with the two very opposite ideologies (liberalism vs communism), one period known as the Division of Germany (1945-1990). Germany was stripped of its war gains.
When did Germany become democratic?
1949: the birth of modern German democracy.
When did Germany became a democratic republic?
October 1949
Is there corruption in Canada?
Overall, corruption in Canada is low compared to most other countries worldwide. Transparency International’s 2019 Corruption Perception Index ranks Canada as the 12th least corrupt nation out of 180 countries, a drop from 9th in 2016.
How does Canada prevent corruption?
The Federal Accountability Act provides for accountability and transparency in the government and addresses conflicts of interest, electoral financing, and lobbying. Public sector employees reporting on corruption or other misconduct are protected by the Public Servants Disclosure Protection (PSDP) Act.
Are kickbacks illegal in Canada?
First implemented in 1999, the Corruption of Foreign Public Officials Act (CFPOA)—Canada’s equivalent to the U.S. Foreign Corrupt Practices Act—makes it a crime for Canadian companies and individuals to give or offer a bribe to a foreign public official to obtain or retain a business advantage.
What is the punishment for bribery in Canada?
Both individuals and companies can be held liable under Canada’s anti-corruption laws and may be subject to significant fines and maximum jail terms ranging between five to 14 years.
Are kickbacks legal in Ontario?
A Fifth Estate hidden camera investigation captured conversations with three independent pharmacists at two pharmacies who suggest McKesson is breaking the law in Ontario, where kickbacks on generic drugs are illegal.
Who is subject to the US Foreign Corrupt Practices Act?
Who Is Covered by the FCPA? The FCPA applies to two broad categories of persons: those with formal ties to the United States and those who take action in furtherance of a violation while in the United States. U.S. “issuers” and “domestic concerns” must obey the FCPA, even when acting outside the country.
What are the two main provisions of the Foreign Corrupt Practices Act?
The FCPA has two primary provisions: (1) an anti-bribery provision which makes it unlawful for a U.S. company or citizen, and certain foreign issuers of securities, to make a corrupt payment to a foreign official for the purpose of obtaining or retaining business and (2) an accounting provision which requires companies …
Which country enacted the Foreign Corrupt Practices Act?
The Foreign Corrupt Practices Act (FCPA, the Act) is a United States law that prohibits U.S. firms and individuals from paying bribes to foreign officials to further business deals.
Why is the Foreign Corrupt Practices Act important?
The Foreign Corrupt Practices Act (“FCPA”) prohibits companies from bribing foreign officials in an effort to obtain or retain business, and it requires that companies maintain adequate books, records, and internal controls to prevent unlawful payments.
What are the 5 elements of FCPA?
The FCPA makes it a crime to: 1) make a payment of, offer or promise to pay, or authorize a payment of money or anything of value, directly or indirectly; 2) to any foreign official, politician, party official, candidate for office; 3) with a corrupt intent; 4) for the purpose of influencing one of these person’s …
Does the Foreign Corrupt Practices Act help or hurt the US economy?
The Foreign Corrupt Practices Act (FCPA) gives US companies an invaluable tool to fight corruption abroad. It has also been an effective tool for foreign countries to reduce bribery, and it has led to billions of dollars in fines.
What type of law is the Foreign Corrupt Practices Act?
The Foreign Corrupt Practices Act of 1977 (FCPA) (15 U.S.C. § 78dd-1, et seq.) is a United States federal law that prohibits U.S. citizens and entities from bribing foreign government officials to benefit their business interests.
Did Walmart violate the Foreign Corrupt Practices Act?
The Securities and Exchange Commission today charged Walmart with violating the Foreign Corrupt Practices Act (FCPA) by failing to operate a sufficient anti-corruption compliance program for more than a decade as the retailer experienced rapid international growth.
What companies have violated the FCPA?
Ralph Lauren, Oracle, Eli Lilly, Pfizer, and Tyco, are but a few of the companies who have been charged with FCPA violations and paid millions of dollars in settlements. Investigations into violations of the act are conducted by specialized agents with the SEC’s FCPA fraud unit.
Does Foreign Corrupt Practices Act apply to private companies?
A common misperception about the Foreign Corrupt Practices Act (FCPA) is that it only applies to public companies and not private companies. The FCPA prohibits public and private U.S. companies and individuals from making “corrupt payments,” i.e., paying bribes to foreign officials in exchange for a business deal.
Does FCPA apply to non US companies?
The FCPA is enforcement against all US based companies, wherever they operate across the globe; against all US citizens anywhere in the world; against all foreign subsidiaries of US companies across the globe; against any foreign company which has a US subsidiary or which does business in the US; against any company …