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Growing global regulation enforcement calls for amplified anti-corruption training

06 Dec 2017

Photographer: Abdallah Dalsh

A high profile anti-corruption case in the USA underscores a growing regulatory appetite for enforcing anti-corruption legislation. Against this backdrop, rigorous anti-bribery and corruption training remains your best protection.

As part of continuing U.S. investigations into claims of bribery surrounding FIFA, a high profile legal case is underway, with allegations of corruption in the allocation of soccer marketing and television rights.

During November, three former soccer officials – including the ex-president of South American soccer governing body, CONMEBOL – went on trial, facing charges that they had accepted bribes from sports marketing companies in exchange for rights to televise South American football matches and tournaments.

Big names in broadcasting, including Fox Sports, Grupo Televisa in Mexico and Globo in Brazil are accused of paying the bribes.

As part of the case, U.S. prosecutors have charged more than 40 individuals and entities – to date 23 have pleaded guilty and two have been sentenced.  Fox, Televisa and Globo were not charged.

Global legislation

Prominent cases such as these demonstrate an increased regulatory focus on rooting out corruption at the highest levels and enforcing anti-bribery and anti-corruption legislation with increased vigor.

Such legislation is in force across the globe, with examples including the U.S. Foreign Corrupt Practices Act; the UK Bribery Act;  Canada’s Corruption of Foreign Public Officials Act (amended and strengthened in 2013); and Singapore’s Prevention of Corruption Act (PCA), amended in 2012 to target all parties to bribery with renewed enforcement powers.

In order to keep ahead of the regulatory curve, organizations need to thoroughly train staff on relevant anti-bribery and corruption legislation in all jurisdictions in which they operate.  Implementing measures to root out bribery and corruption is particularly important for companies that operate within emerging markets where bribery and corruption may be more widespread.

A screenshot of a Thomson Reuters Anti-Bribery and Anti-Corruption training course

Anti-bribery and anti-corruption training

Anti-bribery and anti-corruption are clearly in the international spotlight. Given an increased global appetite for prosecution, it is increasingly important that organizations ensure that all employees undergo thorough and rigorous training around the major anti-corruption laws in force in their own and other relevant countries and jurisdictions. Employees should feel empowered to recognize and respond appropriately to corruption in any form.

A screenshot of a Thomson Reuters Anti-Bribery and Anti-Corruption training course

The Thomson Reuters online Anti-Bribery and Anti-Corruption training course helps to familiarize employees with the laws that criminalize bribery and corruption and equips them with the tools to recognize and mitigate associated risks.

 

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