The Securities and Exchange Commission and the Department of Justice have conducted sweeps of the energy and the pharmaceutical industries looking for potential violations of the Foreign Corrupt Practices Act. Based on risk, the defense industry could be next.
A new benchmark report examining global corruption risks in the defense sector reveals that most governments are still in their infancy when it comes to anti-corruption measures, leaving defense companies vulnerable in these countries.
According to the report conducted by Transparency International, 57 of the 82 governments it assessed are at a high or even critical risk of corruption. The TI report ...