As of 2 December 2009, the agencies had collectively brought actions
against eleven corporations and an unprecedented twenty individuals for
charges relating to the Foreign Corrupt Practices Act1 which prohibits
the bribing of non-US officials
Nowadays, in the brave new world of globalisation, monitoring is omnipresent, and few countries are bold or foolhardy enough to legislate indifferent to how such formulations will be received. Not only legislation but also policing (not just police) resources and prosecutions/regulation are under scrutiny.
Canada has long had laws prohibiting public corruption within its borders and more recently has enacted legislation respecting corruption of foreign officials. This paper outlines and discusses Canadian approaches to international public corruption by considering Canadian adherence to international conventions, Canadian law per se and ...
Initially devoted to developing and promoting compliance industry standards, the Basel Institute on Governance then expanded its activities into anti-money laundering, compliance systems for the private sector, policy advice in the area of anti-corruption and good governance for the public sector and international regulation mechanisms.
Many of us have a notion of corruption that is framed by images of envelopes filled with money that business people or their intermediaries give to public officials to gain an undue advantage in contracting, licensing and other business-related processes in all corners of the world.
While useful steps are being made by the international community to produce asset recovery policy papers and knowledge products, this should not overshadow the important advances conducted in prosecutors’ offices, law firms, justice ministries and court houses around the world.
Bribing public officials to obtain advantages in international
business raises serious moral and political concerns, undermines good
governance and sustainable economic development and distorts
international competition.
The role of reputable centres is frequently exaggerated by the media, politicians, onshore regulators and law enforcement, international agencies and (not least) religious/charitable organisations, sometimes with misconceived, misguided or misdirected agendas and numbers picked off a dart board