TRACE, the world's leading anti-bribery standard setting organization, in its ongoing effort to offer practical, real-world compliance information is pleased to present the newly revamped TRACE Trends: A Compliance Conversation blog. Featuring business-friendly content from TRACE, our Partner Law Firms and special guest bloggers, the new TRACE Trends blog will deliver fresh posts on the latest compliance topics to your inbox every week. Each post will offer practical insights and advice, making it easier for the every-day compliance professional to stay abreast of anti-bribery trends and best practices. Join the conversation. Stay engaged. Hear from you peers.
 
Today's Post
15 September 2015

Every country in the world prohibits their citizens from bribing government officials. But it is equally accepted that most countries did not criminalize bribery of foreign government officials until the late-1990s, and enforcement of those laws has historically been weak outside of the United States. According to data released in 2013 by the Organization of Economic Cooperation and Development (OECD), over half of the forty signatories to the OECD's anti-bribery convention had yet to impose any sanctions for cross-border corruption.

But a confluence of factors, including increased international cooperation amongst enforcement agencies and public outrage caused by recent global scandals like Petrobras and FIFA, have caused an undeniable sea change in the enforcement statistics over the past few years. According to the TRACE 2014 Global Enforcement Report (GER), non-U.S. enforcement actions have more than doubled since 2012, and in 2014 non-U.S. enforcement actions concerning bribery of foreign officials outnumbered U.S. enforcement actions for the first time. Continue reading.
Upcoming Posts
Ukraine: Book a Bribe
Ukrainian officials have invented yet another way to get money into their pockets through seemingly "legitimate" means.
Combatting Bribery from the Front Lines
In many countries, journalists investigating and exposing corruption are met with obstacles and threats that make it nearly impossible to do their jobs.
 
Recent Posts

Bribery as a Business Strategy
8 September 2015

Imagine the scene: your company is pursuing a big deal in a dodgy country - a "challenging market" - and things have started to unravel. You're nearing the culmination of the negotiations and, after months of business dinners and late-night-cognac conversations, Mr. Avaricio, the government official making the final decision, has stopped taking your calls. 
Continue reading.

Argentina: Strategic Due Diligence
9 September 2015

In Argentina, "administrative corruption" - corruption related to licenses, permits, inspections and different government authorizations - remains widespread. Multinational companies have traditionally framed the issue as a supply chain concern, and devoted all efforts to refining corporate vetting mechanisms of local business partners. Continue reading.

Improving Compliance Training: 3 Ways to Use Games Successfully
10 September 2015

A current trend in compliance training is gamification, or adding gaming elements to training modules, to encourage learning and engagement. You don't have to overhaul your entire training program in order to participate in this trend. Continue reading.
Subscribe to TRACE Trends: A Compliance Conversation and receive email notifications as new posts are published. 
TRACE International and TRACE Incorporated are two distinct entities with a common mission to advance commercial transparency worldwide by supporting the compliance efforts of multinational companies and their third party intermediaries. For more information, visit www.TRACEinternational.org

Copyright © 2015 TRACE International, Inc. All Rights Reserved.