The United States, empowered by the Foreign Corrupt Practices Act, has traditionally been a leader in rooting out companies that engage in bribery or allow it to creep into their supply chains. But the latest annual report on enforcement from TRACE International, a nonprofit antibribery compliance organization, shows that the rest of the world is catching up.
TRACE’s fourth annual Global Enforcement Report (GER) shows that other countries, including China, are stepping up their efforts to eliminate bribery. Countries besides the U.S. carried out 71 percent more formal foreign bribery actions in 2013 than they did in 2012. Formal foreign bribery actions are defined by the report as enforcement actions by a government agency from one country in a different country. This doesn’t mean the U.S. has slacked off though, as American enforcement agencies raked in bigger corporate fines in 2013 than 2012, in spite of the fact that the absolute number of U.S. formal foreign bribery actions remained flat.
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