The International Corruption Hunters Alliance is meeting this week at the World Bank headquarters in Washington, D.C. While it sounds a bit like an Avengers-esque crime-fighting team from a Marvel comic book, the group is a pragmatic gathering of enforcement agencies, civil society, and a handful of companies that meet to discuss greater international cooperation and how to share anticorruption best practices. This year, the title of the event is Leading with Integrity: Innovations and New Frontiers.
International cooperation, while still intermittent, is increasing the pressure both on companies that pay bribes and the foreign officials who extort or simply accept payoffs. It is also providing practitioners with greater resources to combat bribery. Below is a look at some of these international cooperation initiatives and how they aim to impact the way multinational companies do business:
1. Growing International Enforcement Partnerships
In the early years of international antibribery enforcement, prosecutors waited months for requests to wind their way through the cumbersome channels of the mutual legal assistance process. Today, they pick up the phone with a reasonable expectation that documents will be promptly faxed or e-mailed. This cooperation not only enables enforcement agencies to build their cases more efficiently, but also helps to alert the prosecutors of the cooperating states to matters within their borders. This ease of cross-border enforcement has been bolstered by a growing number of Memorandums of Understanding (MOUs) signed by international organizations and national authorities. Parallel investigations, and follow-up on referral actions, have resulted from these agreements.
2. Increased Risk of Cross-Debarment
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