4 Ways To Update Your Anti-Corruption Compliance Program

Law360, New York (February 3, 2015, 10:19 AM EST) -- Anti-corruption compliance has evolved tremendously since the Foreign Corrupt Practices Act's passage in 1977, and in the past 10 to 15 years, government regulators' expectations have increased extensively. While a strongly worded statement that "bribery will not be tolerated" in a company's general handbook may have been a sufficient "compliance program" in the 1990s, compliance programs today are substantially more complete and complex. As companies continue to strive to have compliance programs that balance effective detection and prevention of improper conduct with efficient use of limited resources, the best practices in 2015 will suggest addressing the following components:...

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