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An antibribery crackdown

08/02/2010
Enforcement of antibribery statutes is increasing around the world in a trend important to the oil and gas industry for two big reasons. One reason is the corrosive effect bribery has on the wealth generation that legitimizes work by oil and gas companies outside their home countries. The other is that the industry belongs to the business category in which enforcement is most active.Both trends—growing antibribery enforcement and the large share of enforcement actions falling on extractive industries—appear clearly in a new report by Trace International, a nonprofit Annapolis, Md., firm that maintains a database on antibribery cases and advises companies on compliance issues. ...
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