Working toward a global anti-corruption framework

Compliance departments need to get to grips with a new world order in which the national level anti-corruption agenda is key

Government and public scrutiny of corporate corruption is at an all-time high. The Foreign Corrupt Practices Act (FCPA) has been aggressively enforced by the U.S. over the last decade, generating unprecedented investigations into bribes paid by corporations, along with significant government revenue. The scale and scope of U.S. government activity has proved inspirational to other countries. It has generated regulatory frameworks in nations that include Canada, Brazil and the U.K., and it has driven aggressive national enforcement that uses existing laws and government agencies, notably in China.

Concurrently, member-funded NGO’s such as the Organization for Economic Cooperation and Development (OECD) and private watchdog organizations including Transparency International and TRACE have issued extensive guidance for governments and companies alike on best practices for anti-corruption compliance and legal frameworks. Global financial institutions such as the World Bank and IMF have promulgated their own guidance, bolstered by a zero-tolerance approach for graft and corruption with far-reaching penalties that include cross-debarment accords. 

Contributing Author

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Greg Esslinger

Greg Esslinger is Senior Managing Director focusing on compliance, investigations and technology at Control Risks, a global risk consultancy.

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Alison Taylor

Alison Taylor is Senior Managing Director for Investigations at Control Risks where she focuses on anti-corruption and strategic intelligence.

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