The rest of the world is starting to take the fight against bribery seriously. While the U.S. still leads by far in the number of anti-bribery enforcement actions, such actions by other countries have more than doubled since 2012.
That’s the big picture formed by the fifth annual “Global Enforcement Report,” released Wednesday by TRACE International Inc. And in 2014 enforcement actions by other countries concerning bribery actually outnumbered U.S. enforcement actions.
“That’s a very welcome development,” Virna Di Palma, TRACE’s senior director of strategy and communications, told CorpCounsel.com. “We’ve seen that countries have been adopting their own anti-bribery laws, and finally we are seeing some enforcement action. The U.K. and Germany have been taking the lead. But other countries too are taking enforcement of their own regulations more seriously and cooperating more with other regulators as well.”
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