Bribery And Corruption Risk - On Your Radar?

Prosecutors and regulators across the globe are becoming increasingly active in enforcing anti-corruption legislation.

The number of enforcement actions, the number of jurisdictions within which enforcement actions have been brought, and the size and nature of fines and penalties have all increased significantly over the last few years.

Transparency International recently reported that, amongst the OECD signatory countries, there is significant enforcement action being brought by governments in Argentina, Australia, Belgium, Denmark, Finland, France, Germany, Hungary, Italy, Korea, the Netherlands, Norway, Spain, Sweden, Switzerland and the United States. Many of these actions are against companies and individuals who are foreign to those jurisdictions. Pressure continues to grow on other OECD signatory countries to bring corruption related enforcement actions, as well as on other major exporting nations including China, Russia and India.