Corruption remains Asia’s top concern

Author: Brian Yap | Published: 2 Mar 2016

More aggressive foreign enforcement of anti-bribery laws in Asia has led to greater compliance among international businesses, according to panelists at IFLR’s Asia M&A Forum today.

With local developments in recent years focusing on enforcement rather than legal, panelists stressed that this is now a matter of risk management for foreign companies buying Asian targets.

"There has been much more aggressive international enforcement in relation to corruption issues. Buying a corruption problem can be very costly," said Mark Johnson, partner at Debevoise & Plimpton in Hong Kong.

This is reflected in a recent survey conducted by Deloitte on international business transactions. It shows that 60% of the respondents say they always conduct background checks...