Compliance officers, beware: A lack of transparency in public reporting in many countries where U.S. companies do business may enhance the risk of violating the Foreign Corrupt Practice Act and other anti-bribery laws around the world.
A first-of-its-kind report examining the public disclosure practices in 215 countries revealed significant deficiencies in the availability and transparency of corporate disclosure, litigation records, and media outlets in many emerging-market countries. Without access to such information, multinational companies looking to expand their global footprint expose themselves to greater bribery and corruption risks.
