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"Bribery and corruption is a growing concern for businesses in all sectors and jurisdictions, although some involve greater inherent risks than others. Corruption is a problem not only from an ethical and competition-distorting perspective, but also because of the risk it creates to the reputation of affected businesses and the potential financial implications of a conviction.
Despite the increasingly open and international marketplace, there is no international anti-corruption law or standard. The relevant laws in different jurisdictions are complex and diverse - the acts triggering offences in each state are sometimes very different; the focus is not the same; corporates are not always exposed to liability; and the penalties vary dramatically from state to state."
Anti-bribery and Corruption Laws: an International Guide. CMS. August 2011.
This LibGuide is based extensively on the Anti-Bribery Law in International Business LibGuide by Andrew Winston, University of Richmond Law School Library.
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