Share on LinkedInShare on LinkedIn

ARTICLE · 03 FEBRUARY 2016

New Anticorruption Legislation: How To Protect Your Business Against Possible Risks?

Since its independence, Kazakhstan has made significant progress in combatting corruption and bribery. However, corruption remains one of the biggest problems in Kazakhstan.

KazakhstanCriminal Law

"Having clear, understandable and effective corporate rules is the best protection against possible risks"

Since its independence, Kazakhstan has made significant progress in combatting corruption and bribery. However, corruption remains one of the biggest problems in Kazakhstan. While the legal requirements for explicit corruption crimes are fairly clear and understandable, the legal regulation of issues related to the possibilities and the limits of provision of gifts and other property benefits to public officials and employees of the quasi-public sector are not always clear. Some believe that the provision of small goods, gifts and benefits can be permissible due to the generally accepted standards of hospitality and sociocultural interaction in Kazakhstan. However, there is a very fine line between such customary norms and rules of conduct in business relations, which are subject to the requirements of anti-corruption legislation in Kazakhstan.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

See more popular content from