The anti-corruption world crackled with activity in 2010, with the U.S. (again) setting Foreign Corrupt Practices Act enforcement records, the Group of 20 turning its gaze toward the United Nations Convention against Corruption and the World Bank amping up its fraud and corruption investigations unit, to name a few major developments.
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But now it’s time to peer into the future, to what promises to be another groundbreaking year on several anti-corruption fronts. We’ve listed below 10 trends we expect to see in 2011. But don’t take our word for it — please, write us with your own forecasts.
More anti-corruption enforcement by foreign nations: The anti-graft group Transparency International found that seven parties to the OECD anti-bribery convention actively enforced it in 2010, up from four in 2009. The U.K. Bribery Act, which takes effect in April, has the potential to reach corruption anywhere on the globe, and U.K. investigators are eager to grab some of the market share from their counterparts in the U.S. Nigeria, meanwhile, has capitalized on U.S. anti-bribery cases, opening its own probes into Halliburton Co., Panalpina Group and others. Earlier this week, authorities in Malaysia and Honduras announced investigations that piggyback on the U.S. probe of French telecommunications company Alcatel-Lucent SA, which agreed to pay $137 million to resolve bribery allegations. And the U.S. now routinely includes language in settlement agreements requiring companies to cooperate with foreign authorities and multilateral development banks.
via Corruption Currents: Trends To Look For In 2011 – Corruption Currents – WSJ.
