Escalating Anti-Bribery Enforcement

Law360, New York (November 29, 2010, 12:02 PM EST) -- Recently enacted anti-bribery laws in the U.K. and U.S. are having a profound impact on multinational financial institutions, particularly those doing business in developing countries like China.

The U.K. recently enacted stringent new anti-corruption legislation, which will give enforcement authorities there significantly more clout from early next year. In the meantime, the U.K.’s principal regulator for the financial sector, the Financial Services Authority (“FSA”) has recently stepped up enforcement activities and published policy directives indicating that it plans to redouble its enforcement against bribery and corruption...
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