Today’s world of corporate compliance is characterized by an increasing number of enforcement actions related to bribery and corruption. Co-operation and information sharing between enforcement agencies on multi-jurisdictional cases is also increasing. Parallelly, nations such as Brazil, Canada, Mexico, France, India, Russia, Spain and Korea are either adopting anti-bribery laws or strengthening existing legislations. By the end of the last year and when the US administration changed, 27 companies had reportedly paid approximately US$2.5 billion in settlements under the US Foreign Corrupt Practices Act (FCPA), the flagship anti-bribery law. With FCPA reaching its 40th year, 2016 has perhaps been a record-setter of sorts.
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