Navigation Links
TRACE Releases 2012 Global Enforcement Report
Date:5/20/2013

ANNAPOLIS, Md., May 20, 2013 /PRNewswire/ -- TRACE International today released its Global Enforcement Report (GER) 2012, finding that prosecutions against individuals and government or business entities for bribery and corruption trended downward last year. The GER 2012 is the third in an annual series from TRACE that assesses international anti-bribery enforcement trends.

"Although the number of outbound enforcement actions fell last year, the enforcement of bribery laws remained a priority," said Alexandra Wrage , TRACE Founder and President. "Fifteen nations initiated their first ever legal action against inbound or domestic bribery. The addition of over a dozen new countries to worldwide bribery enforcement is a very positive trend and one that the global compliance community can celebrate."

Between 2011 and 2012, foreign bribery enforcement actions (excluding investigations) by the U.S. declined by 52%; such actions by countries other than the U.S. declined by 42%. While foreign bribery enforcement by the U.S. declined in 2012, the absolute number of foreign bribery enforcement actions brought by the U.S. in the ten-year period from 2002 through 2012 exceeds the number of enforcement actions pursued in the rest of the world.

The GER 2012 shows South Korea, Nigeria and China lead the world in enforcing their national prohibitions on inbound bribery, defined as the bribery of a country's government officials by foreign companies.  The report also includes for the first time information about how many times countries declined to take formal enforcement actions or closed official inquiries related to outbound or inbound bribery from 1977 through 2012. The U.S. accounts for nearly 75% of global declinations; six other countries also declined to pursue formal bribery enforcement actions in the period.

"Enforcement ebbs and flows, depending on many complex factors," said Wrage. "Any single year must be looked at in the context of overall trends, which have been overwhelmingly positive over the past five years.  The first quarter information for 2013 shows that enforcement actions are again on upswing. Overall, we believe progress continues to be made on many fronts to improve business transparency worldwide."

The report also reveals that since 1977, 64 countries have pursued enforcement of domestic bribery laws and 25 have pursued enforcement of outbound or foreign bribery laws, with considerable overlap in the countries that have pursued enforcement of both. According to TRACE, the U.S. has pursued 2.5 foreign bribery enforcement actions for every enforcement action pursued by all other countries combined since 2002, with the UK continuing to rank second in enforcing its foreign bribery laws.

One-fourth of outbound bribery enforcement actions and investigations pursued by the U.S. from 1977 through 2012 involved a company headquartered outside of the country or an individual employed or retained by such a company. By the end of 2012, the U.S. had pursued 64% of all global outbound enforcement ever pursued, including eight times as many actions as the UK, the country with the next highest total.

According to the report, extractive industries, which includes mining, have been subject to more inbound and outbound bribery enforcement actions than any other industry sector; however, the manufacturing/service provider sector is an increasingly close second, with the aerospace/defense/security and health care sectors ranking third and fourth.

TRACE's 11-page GER 2012 is available online at www.traceinternational.org.

About TRACE

TRACE International is the world's leading anti-bribery and anti-corruption organization. TRACE's non-profit membership association pool resources to provide practical and cost-effective anti-bribery compliance solutions for multinational companies and their commercial intermediaries (sales agents and representatives, consultants, distributors, suppliers, etc.). TRACE provides several core services and products, including: due diligence reports on commercial intermediaries; model compliance policies; an online Resource Center with foreign local law summaries, including guidelines on gifts and hospitality; in-person and online anti-bribery training; and research on corporate best practices.

For additional information, contact TRACE at info@TRACEinternational.org or visit TRACE at www.TRACEinternational.org


'/>"/>
SOURCE TRACE
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Cannabis Science Gets Set to Release "Phytiva" Its Newest Brand of Over-the-Counter Skin and Nutraceutical Product Lines Through its Newest Venture Phytiva Pharmaceuticals Inc.
2. Advanced Radiology Among the First in the U.S. to Offer New Alzheimers Disease Tracer
3. Academy of Managed Care Pharmacy (AMCP) Helps Explain Health Care Laws Contraception Coverage Provision
4. Global Nutraceuticals Industry
5. Study Published In Contraception Evaluates Medical Expenditures For Unintended Pregnancies And Potential Cost Impact Of Increased Use Of Long-Acting Reversible Contraception
6. Contraceptives Market to 2018 - Safety Concerns Plague Drospirenone-containing Birth Control Pills and Long-term Use of Estrogen
7. Xyntek-Antares & ESS Technologies to Unveil New Ultra Compact TaskMate(R) Robotic Case Erector / Loader with Track & Trace at Interphex 2013
8. Emergency Contraception to Be Available on Store Shelves
9. Relievant Medsystems Achieves Completion of Interim Safety Data Analysis of Intracept in SMART Pivotal Study and Expands Senior Leadership Team
10. Exosome Diagnostics Presents Data Demonstrating Clinical Applications of Exosome Technology in Brain Cancer, Prostate Cancer, and Alzheimers Disease at the International Society for Extracellular Vesicles 2013 Annual Meeting
11. Global Anti-Corruption Organization TRACE International Opens Dubai Office
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)...  Arkis BioSciences, a leading innovator in the ... cerebrospinal fluid treatments, today announced it has secured ... led by Innova Memphis, followed by Angel Capital ... Arkis, new financing will accelerate the commercialization of ... of its in-licensed Endexo® technology. ...
(Date:6/23/2016)... Calif. , June 23, 2016 Any dentist ... many challenges of the current process. Many of them do ... of the technical difficulties and high laboratory costs involved. And ... to offer it at such a high cost that the ... it. Dr. Parsa Zadeh , founder of ...
(Date:6/23/2016)... , June 23, 2016 Roche (SIX: RO, ... clearance for its Elecsys BRAHMS PCT (procalcitonin) assay as ... or septic shock. With this clearance, Roche is the ... fully integrated solution for sepsis risk assessment and management. ... bacterial infection and PCT levels in blood can aid ...
Breaking Medicine Technology:
(Date:6/25/2016)... ... 25, 2016 , ... Experts from the American Institutes for ... Meeting June 26-28, 2016, at the Hynes Convention Center in Boston. , AIR ... care planning, healthcare costs and patient and family engagement. , AIR researchers will ...
(Date:6/25/2016)... ... June 25, 2016 , ... As a lifelong Southern Californian, ... and his M.D from the David Geffen School of Medicine at UCLA. He trained ... Angeles to complete his fellowship in hematology/oncology at the UCLA-Olive View-Cedars Sinai program where ...
(Date:6/24/2016)... ... June 24, 2016 , ... Those who have experienced traumatic events ... turn to unhealthy avenues, such as drug or alcohol abuse, as a coping mechanism. ... tools for healthy coping following a traumatic event. , Trauma sufferers tend to feel ...
(Date:6/24/2016)... Francisco, CA (PRWEB) , ... June 24, 2016 ... ... CitiDent, is now offering micro-osteoperforation for accelerated orthodontic treatment. Dr. Cheng has extensive ... self-ligating Damon brackets , AcceleDent, and accelerated osteogenic orthodontics. , Micro-osteoperforation ...
(Date:6/24/2016)... ... June 24, 2016 , ... The Haute Beauty ... Barry M. Weintraub as a prominent plastic surgeon and the network’s newest partner. ... and the most handsome men, look naturally attractive. Plastic surgery should be invisible.” ...
Breaking Medicine News(10 mins):