Companies that do business in Russia know that the corruption risks there are massive. Some new laws in Russia could help stem the threat, but anti-bribery law experts say they will believe it when they see it. 

Russia has long been viewed as a bastion for corrupt officials on the take. Transparency International, which issues an annual index ranking countries on perceived corruption risks, ranked Russia 133 out of 176 countries. And Russian citizens have launched the largest public demonstrations since the fall of the Soviet Union to protest what they view as a culture of corruption in the government.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...