Anti-bribery enforcement actions increased dramatically on a global scale over the past year, with the extractive industry facing the brunt of that activity.
Those are just a couple of findings from the 2016 Global Enforcement Report (GER) conducted by anti-bribery watchdog TRACE International. TRACE’s GER report provides an updated summary of global anti-bribery enforcement trends, based primarily on cases and investigations tracked in the TRACE Compendium, an online database of cross-border corruption cases.
Neither the TRACE Compendium nor the 2016 GER include matters involving domestic companies bribing domestic government officials. The alleged bribe must have a cross-border component and must involve a government official.
According to the report, from 2006 through 2016, the United States continued to bring the highest number of enforcement actions over the last decade. Of the global total of 325 enforcement actions concerning the alleged bribery of... To get the full story, subscribe now.