TRACE RELEASES FIRST SUMMARY OF GLOBAL ANTI-BRIBERY ACTIVITY

TRACE RELEASES FIRST SUMMARY OF GLOBAL ANTI-BRIBERY ACTIVITY

Share this post

June 10, 2010

Global Enforcement Report 2010 Is First of Planned Annual Releases

The good news is enforcement of international anti-bribery laws is increasing. The bad news is many countries have yet to leave the anti-bribery enforcement starting line.

TRACE International released its first-ever summary of worldwide anti-bribery activity today, and it is evident from its data that enforcement is gaining momentum. The TRACE Global Enforcement Report (GER) 2010 summarizes 33 years of enforcement activity by nations around the world.

The TRACE GER 2010 is based on data collected in the TRACE Compendium, a compilation of information about international anti-bribery investigations, formal cases and legal decisions the organization maintains as a public, online tracking tool. The enforcement activities collected date to 1977, when the United States passed and began to enforce the Foreign Corrupt Practices Act (FCPA).

“There is considerable activity to report, which means that transparency is being prioritized and laws prohibiting bribery of foreign officials are increasingly being enforced,” said Alexandra Wrage, President of TRACE. “Although some of the conclusions from our analysis merely confirm expected enforcement trends, TRACE GER 2010 includes some surprises.”

One of those unexpected findings is that in terms of enforcing so-called “inbound” bribery – or enforcement actions brought against a foreign company or individual for offering a bribe to a country’s own officials – South Korea and Italy are the most aggressive enforcers. South Korea leads the enforcement pack in this category, with 12 of the 96 inbound global enforcements recorded; Italy has recorded nine.

The TRACE GER 2010 shows that the U.S.’s role as the anti-bribery first mover has given it a clear lead in terms of the number of total enforcement actions to date for “outbound” bribery; that is, cases and investigations brought against companies and individuals for offering to bribe government officials of other countries. Of the 515 outbound, or foreign, enforcement actions reported in the TRACE Compendium, more than 75 percent, representing 390 bribery enforcement actions, are U.S. matters. The remaining 25 percent are the result of the combined efforts of 21 other nations.

The United Kingdom ranks a distant second highest in the number of outbound bribery actions, with 4.3 percent of the total, comprising 22 bribery enforcement reports.

Although anti-bribery enforcement activity is increasing, and new entrants in the enforcement arena have emerged, much work remains. Of the 193 nations recognized by the United Nations, only 22 have enforced a foreign anti-bribery law in the past 25 years.

According to Wrage, TRACE will publish the GER on an annual basis, with TRACE GER 2010 serving as the organization’s baseline measurement.

“This report summarizes data on the key dimensions of international bribery enforcement, including outbound bribery, inbound bribery, the countries in which alleged bribes are most frequently paid, and the industries in which bribery enforcement cases originate,” she said. “Future Global Enforcement Reports will identify and update the trends in these areas, as well as include other timely analyses of emerging patterns of enforcement as such actions continue to increase around the world.”

To view the TRACE Global Enforcement Report 2010, please visit https://secure.traceinternational.org/documents/TRACEGlobalEnforcementReport2010.pdf.

A Lesson from the City of London Police
TRACE UK Anti-Bribery Symposium
TRACE RELEASES FIRST SUMMARY OF GLOBAL ANTI-BRIBERY ACTIVITY

Comments

Leave a Reply

Leave this field empty:

Your email address will not be published. Required fields are marked *



    Good morning, ladies and gentlemen. I am delighted to start the second panel this morning of the Council on Foreign Relations workshop on the intersection of corruption and U.S. national interests. Today I will be leading the second panel, which is going to deal...
    Recent News Feed 4/6/2017 Read More
    Last week, TRACE held its 13th Forum at the St. Regis Hotel in Washington, D.C. Over 100 member companies contributed to a lively and extended exchange of best practices across the two-day event.
    Interestingly, for the first time, men and women were represented in...
    Recent News Feed 4/4/2017 Read More
    After years of struggling with excess capacity and tight profit margins, the breakbulk industry facesa tough competitive climate. In these circumstances, one needs to be careful about any temptation to cut corners. Given the industry’s global characterand high degree...
    Recent News Feed 4/3/2017 Read More
    US government officials have said that when assessing company culture as part of an FCPA investigation, they are looking for much more than just “tone at the top.”
    To read the full article, click here.
    Recent News Feed 3/30/2017 Read More
    A current trend in compliance training is gamification, or adding gaming elements to training modules, to encourage learning and engagement. You don’t have to overhaul your entire training program in order to participate in this trend. Below are three ways to...
    Recent News Feed 3/29/2017 Read More
    On March 7 and 8, General Dynamics, joined by TRACE International and the Romanian Chamber of Commerce and Industry, found 150 participants eager to hear about business ethics in Romania, which has been swept by anti-corruption protests in recent months.
    To read the...
    Recent News Feed 3/28/2017 Read More
    A nova “lista do Janot”, derivada das delações premiadas dos executivos da Odebrecht, além de deixar os políticos com as barbas de molho, também deve reforçar uma recente distinção adquirida pelo Brasil: a...
    Recent News Feed 3/23/2017 Read More
    Foreign companies should always maintain close contacts with their local embassies should they need assistance in avoiding extortionate demands. Trade commissions, chambers of commerce and local business councils also may offer support in this domain.
    To read the full...
    Recent News Feed 3/23/2017 Read More
    It is a formula as old as business itself – the bribe, the backhander that greases the wheels of commerce. Rolls-Royce has recently learned to its great cost, however, that nowadays it is also a ticket to massive fines and reputational damage.
    As Brexit...
    Recent News Feed 3/21/2017 Read More
    Corruption-based allegations can be crippling for any company. Compliance in this area of the law is of particular importance to companies who regularly use international consultants and sales representatives, commonly referred to as “intermediaries,” to develop...
    Recent News Feed 3/15/2017 Read More
    These dinner dates aren’t like handing over briefcases filled with money. But it’s an issue, Wrage says, that keeps executives up at night worrying about the consequences of possible wrongdoing.
    How times have changed since November 2001, when Wrage founded...
    Recent News Feed 3/15/2017 Read More
    Anti-bribery enforcement actions increased dramatically on a global scale over the past year, with the extractive industry facing the brunt of that activity.
    Those are just a couple of findings from the 2016 Global Enforcement Report (GER) conducted by anti-bribery...
    Recent News Feed 3/14/2017 Read More
    Heydar Aliyev Prospekti, a broad avenue in Baku, the capital of Azerbaijan, connects the airport to the city. The road is meant to highlight Baku’s recent modernization, and it is lined with sleek new buildings. The Heydar Aliyev Center, an undulating wave of concrete...
    Recent News Feed 3/13/2017 Read More
    The Foreign Corrupt Practices Act is the jewel in the crown of America’s fight against international business bribes and corporate favors. Intended to promote American business and foreign-policy ideals around the world, and give US companies a tool to battle...
    Recent News Feed 3/13/2017 Read More
    Frauen spielen an der Spitze von Sportorganisationen allenfalls eine kleine Rolle. Dabei würde ihre Präsenz den Verbänden mehr als gut tun, sagt Alexandra Wrage von Trace International. Allerdings aus anderen Gründen als man denkt.
    To read the full...
    Recent News Feed 3/7/2017 Read More
    TRACE International has published its latest review of global anti-corruption enforcement, touting a dramatic increase in enforcement last year, led by U.S. authorities.
    Enforcement activity essentially doubled last year, according to the organization’s annual...
    Recent News Feed 3/3/2017 Read More
    Known as an attractive manufacturing hub for labour-intensive and less capital-intensive industries, Vietnam provides trade and investment opportunities for Canadian companies in several sectors including aerospace, agriculture and agri-food, construction and...
    Recent News Feed 3/2/2017 Read More
    Donald Trump has reiterated his promise to reform banking regulation in a meeting with 50 business leaders in Washington this week.Trump told a room of top execs that he still plans to go ahead with overhauling Dodd-Frank – the act brought into existence during the...
    Recent News Feed 3/2/2017 Read More
    Global enforcement actions from bribery charges increased dramatically last year, according to a report released today by TRACE International, an anti-bribery organization.
    To read the full article, click here.
    Recent News Feed 3/2/2017 Read More
    The U.K.’s Serious Fraud Office is reluctant to provide information to investigators in […]
    To read the full article, click here.
    Recent News Feed 3/2/2017 Read More
    A new report by TRACE International finds that enforcement actions against bribing government officials are rising globally. In its 2016 Global Enforcement Report, the anti-bribery organization observes a doubling in US enforcements last year and non-US actions doubled...
    Recent News Feed 3/2/2017 Read More
    TRACE’s annualGlobal Enforcement Report(GER) provides graphic and textual analyses of all known enforcement events (including investigations as well as enforcement actions*) since the first bribery cases were prosecuted in the United States following the enactment of...
    Recent News Feed 3/2/2017 Read More
    There was a sharp rise in both US and non-US foreign bribery enforcement actions in 2016, according to a newly released report by Trace International.
    To read the full article, click here.
    Recent News Feed 3/2/2017 Read More