Law enforcement authorities are cooperating more closely in
tackling international fraud and bribery cases, leading to an
increase in prosecutions and penalties around the world last
A related trend in the US is the contraction of the
disclosure gap between regulated and unregulated entities. This
is forcing businesses to reconsider how and when they go
public, where they operate, and how they manage their
relationships with third party distributors.
The expanding power of authorities to act across borders and
on issues that did not traditionally fall under their purview,
along with the growing number of local anti-corruption and
bribery regimes, may cause some companies to change the way
they do business, both locally and internationally.
"Notwithstanding the DoJ's [Department of Justice] attempts
to be transparent about its FCPA [Foreign Corrupt Practices
Act] enforcement efforts, the outer boundaries of FCPA
liability are constantly shifting," said Adam...