The costs of corruption are well-known and well-documented across the globe. Companies that engage in bribery and corruption are subject to fines and penalties under such anti-corruption laws as the U.S. Foreign Corrupt Practices Act and the U.K. Bribery Act. Individuals who accept bribes can be prosecuted under the U.K. Bribery Act and for money-laundering under U.S. law. Government officials can have their ill-gotten gains sized under the US Kleptocracy Act and other laws requiring forfeiture and return of assets.

Thomas Fox has practiced law for over 40 years. Tom writes the daily award-winning blog, the FCPA Compliance and Ethics blog and founded the Compliance Podcast Network. Tom leads the discussion on AI in...