In an increasingly shrinking world, organizations need to stay abreast of anti-corruption efforts and trends worldwide. Ropes & Gray offers two resources designed specifically to help companies understand the global anti-corruption landscape and assess their own global corruption risk.
Global Anti-Corruption Update 2018
Developed by attorneys in Ropes & Gray’s award-winning anti-corruption and international risk practice, this volume analyzes recent anti-corruption enforcement trends and developments in more than 25 countries. Each chapter profiles a single country and provides an overview, a summary of the anti-corruption climate, a review of the current enforcement regime and any pending anti-corruption legislation, and an analysis of recent major anti-corruption scandals.
Sample insights from this year’s update:
“Algeria faces a major challenge escaping the culture of corruption that pervades its political and business realms. Nonetheless, the fact that Algeria has passed and implemented major anti-corruption legislation is a reason for optimism, although enforcement efforts remain lacking. If government efforts to diversify the economy by lessening the reliance on hydrocarbons and open up Algeria to greater foreign investment laws are successful, the Algerian economy could represent an exciting opportunity. However, as it stands, foreign investors operating in Algeria should proceed with great caution due to the entrenched nature of corruption in the country.”
“Recent U.S. enforcement actions illustrate some of the risks to multinational corporations doing business in China. These risks include the dangers posed by China’s gift-giving culture, using third parties, leveraging donations for political favors, and business dealings with princelings.”
“In practice, anti-corruption efforts in India have turned instead to bringing potentially corrupt situations into the public eye, either through information requests under freedom of information legislation or through the publication of audits of how money is spend. However, such enforcement efforts do not subject corruption to the significant legal punishments other countries use to deter corruption.”
United Arab Emirates
“Notwithstanding the numbers, optimism about corruption in the U.A.E. should be guarded. Several observers remain skeptical about the U.A.E.’s progress due to the U.A.E.’s opaque business practices and the resulting dearth of available data on corruption.”
“Brazil is currently locked in a battle between entrenched interests that benefit from the old way of conducting business and prosecutors and street demonstrators who are seeking to end its culture of corruption.”
Anti-Corruption Risk Matrix
Ropes & Gray’s econometric Risk Matrix enables organizations to evaluate and visualize corruption risk throughout their international operations.
Cited for innovativeness by the Financial Times, the Risk Matrix uses a web-based questionnaire designed to assess corruption risk within an organization’s international operations. A proprietary Ropes & Gray risk scoring algorithm processes a client’s answers, and the scored results are graphed to create a visual model illustrating risk areas in a client’s international operations by both geography and business category.