Businesses in many sectors are facing more aggressive authorities and a rising tide of regulation both in Russia and internationally. Along with the Federal Law "On Combating Corruption", the UK Bribery Act 2010, and the Foreign Corrupt Practices Act of 1977 (FCPA), significantly affecting the corporate compliance programmes of most Russian and international corporates, Russia has recently joined the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions. This will definitely make businesses operating in Russia focus even more attention on their corporate compliance programmes in order to eliminate possible risks - reviewing polices, auditing of procedures, greater control over proper implementation, staff training, etc.
For more details about our international experience in compliance, please click here.
