Anti-corruption process
Failure to take bribery and corruption seriously can be a costly mistake. GC looks at methods employed by legal and compliance teams to keep enforcement regimes at bay.
Once upon a time, in a country far, far away, there was a local tax official. He approached the local manager of a major multinational, offering a reduction in the company’s tax bill in exchange for a bribe. When asked for advice, the general counsel of the multinational forbade the bribe, because to make a payment to the local tax official would be a violation of the Foreign Corrupt Practices Act (FCPA).
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