With the rollout of a new agency to combat corruption in France and the implementation of anticorruption legislation in Brazil, it appears that the landmark UK Bribery Act and the U.S. Foreign Corrupt Practices Act (FCPA) are paving the way for legal reforms across the globe.
These two statutes, with which corporate counsel and compliance officers have become intimately acquainted, have long been regarded as the pinnacles of anticorruption legislation. For years they stood alone, but now in addition to France and Brazil, a dozen countries are planning to follow suit with their own legislation.
