Corruption

Governance Risk
Corruption

Corruption

LAPFF is concerned that a number of large companies are currently facing bribery and corruption charges
LAPFF is concerned that a number of large companies are currently facing bribery and corruption charges

Apart from the reputational concerns with these developments, many bribery and corruption laws are extending extraterritorially, meaning that companies might be subject to large fines and penalties for their overseas activities, or those of their overseas employees or business partners, where previously they might not have been.

 

As a result, this issue has been raised increasingly during engagement meetings with companies facing charges through the Serious Fraud Office.

 

LAPFF has also been engaging with Global Witness, an anti-corruption NGO, which has initiated a project to identify beneficial ownership in companies. Understanding company structures in this way will help to uncover business relationships that could make companies vulnerable to bribery or corruption.

 

This understanding will help LAPFF evaluate bribery and corruption risk effectively.

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Corruption

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LAPFF