In a recent article entitled, “Bribery and Corruption Compliance: the Playing Field Levels”, Timothy Coleman and Paul Lomas, attorneys from the law firm of Freshfields Bruckhaus Deringer discuss what they term the “tectonic shift” in anti-bribery and anti-corruption compliance internationally. The authors posit that increased enforcement of the US Foreign Corrupt Practices Act (FCPA); the release of the Organization of Economic Cooperation and Development (OECD) Good Practice Guidance on Internal Controls, Ethics and Compliance (OECD Good Practices); and the impending July 1 implementation date of the UK Bribery Act, have all acted to place “new burdens” on companies to have the highest standard of anti-bribery corruption programs in place.
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