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:5/26/2017)... -- Endo International plc (NASDAQ: ENDP ) announced today ... the Company in a fireside chat at Goldman Sachs, 38 ... 2017 at 10:40 a.m. PT / 1:40 p.m. ET. The ... Rancho Palos Verdes, CA. A live ... on the Company,s website at http://www.endo.com/investors/overview . Participants should ...
(Date:5/24/2017)... 24, 2017  ivWatch LLC today announced the ... Board to enable seamless integration of ivWatch,s groundbreaking ... infusion pumps and other devices. By integrating ivWatch ... to help health care customers deliver a higher ... to IV therapy. "The ivWatch OEM ...
(Date:5/22/2017)... COTTAGE, N.Y. , May 22, 2017 /PRNewswire/ ... antiviral treatment Gene-Eden-VIR/Novirin, announces the launch of a ... plain English, the results of a clinical study ... one year treatment with Gene-Eden-VIR/Novirin in individuals suffering ... important to note that there are no other ...
Breaking Medicine Technology:
(Date:6/25/2017)... ... ... Month and the focus is on prostate cancer. Second only to skin cancer, prostate ... common cause of cancer related death today; lung cancer remains in the number one spot. ... during his lifetime. Those at highest risk are men who have a family ...
(Date:6/24/2017)... , ... June 24, 2017 , ... The weather is ... time outdoors. Home and business owners should be aware that the summer months provide ... In fact, mechanical locks and keys can be negatively affected from direct exposure to ...
(Date:6/23/2017)... ... June 23, 2017 , ... By scoring 100% for fiscal ... four-star rating from premier online charity evaluator, Charity Navigator, validating ANRF's work as a ... all charities reviewed by Charity Navigator and earns ANRF a spot on their “ ...
(Date:6/23/2017)... , ... June 23, 2017 , ... ... surgeon practicing in Newburgh, New York, has recently begun offering three new minimally ... offering the best cutting-edge procedures and reducing downtime, Dr. Rubinstein is excited to ...
(Date:6/23/2017)... ... June 23, 2017 , ... The Aesthetic Channel has recently highlighted Dr. Ben ... up with a proprietary technique that he calls the AuraLyft Facelift. The ... all ages, patients can expect to look refreshed, rejuvenated, and revitalized. , Dr. ...
Breaking Medicine News(10 mins):