TRACE GLOBAL BRIBERY ENFORCEMENT REPORT 2019

The TRACE organisation on 18 March released its 10th annual enforcement report which provides anti-bribery enforcement data from 2019.  The president and founder of TRACE says that governments that invest in anti-bribery enforcement will continue to lead in shaping the global anti-corruption landscape, and says that she anticipates continued international cooperation between enforcement authorities, who are sending a consistent message that corruption will not be tolerated.  Key findings are said to be –

  • While the financial services industry remained a focus for US anti-bribery enforcement authorities, companies in the extractive industries faced the most US investigations in 2019. There was also an increase in US investigations into bribery of foreign officials in the aerospace, defence and security industries;
  • In non-US investigations, extractives remained the most investigated industry, followed by engineering/construction and aerospace/defence/security;
  • As of the end of 2019, Brazil was conducting the most investigations concerning alleged bribery of domestic officials by foreign companies, followed by India and China;
  • China again had the highest prevalence of alleged bribery by foreign companies, with Chinese officials being the alleged recipients of bribes in more than 110 enforcement events since 1977. Iraq has the next-highest number of enforcement events, followed by Brazil; and
  • 2019 was a relatively slow year for enforcement actions in transnational bribery cases. Both global and US enforcement numbers in cases involving bribery of foreign officials dropped, with a 19% decrease in US enforcement actions and a 45% decrease in non-US enforcement actions — though the resulting enforcement levels were not out of line with historical trends of anti-bribery enforcement

https://info.traceinternational.org/2019-ger

 

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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