From Deseret News archives:
Nations fight business bribery
Governments increasing probes and prosecution
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"A decade ago, requests for international legal assistance meant months of waiting or no answer at all. That has changed," Winkler said in a telephone interview. He says the quality of assistance varies from country to country, depending on a variety of factors, including bilateral treaties and agreements.
Another factor: More companies are voluntarily turning over evidence of wrongdoing in the hope of getting leniency from prosecutors. The 2002 Sarbanes-Oxley law in the U.S., which requires executives to certify that their company's financial disclosures are accurate, has also led to more disclosures. A bribe that is mischaracterized as a legitimate payment to a consultant, for instance, can be considered a misleading entry on the corporate books.
Companies are getting the message. Having a written antibribery policy that isn't enforced in a muscular manner won't be enough to protect a company, says Shearman & Sterling's Newcomb. "Real investigations are happening, and real fines are being paid," he said.
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