EXECUTIVE SUMMARY
Introduction
ABC (anti-bribery and corruption) enforcement in Russia and the
former Soviet republics in 2017 was marked by foreign multinational
actions against international companies for large-scale offences.
The pressure from abroad was increased by the World Bank which
de-barred persons from these regions from further financing
projects due to fraud. ABC enforcement against companies enjoyed
less support from the Russian side, with domestic enforcement
actions focusing on small-scale bribery and slowing down slightly.
The Russian legislator on the other hand has been quite active and
the legislative outlook for 2018 is promising.
Key developments
- US, UK, Dutch and Swedish
authorities completed several, partly multinational,
enforcement actions in Russia and former Soviet republics. For the
first time, the UK Serious Fraud Office concluded a deferred
prosecution agreement (DPA) for violations of the UK Bribery Act
extending to Russia.
