The past year and a half has witnessed a flurry of international anti-corruption activity. Stealing the headlines in this regard have been the frenzy of U.S. Foreign Corrupt Practices Act enforcement activity and the entry into force of the UK Bribery Act. To a degree, these events have overshadowed other significant anti-corruption developments. One such notable event was the passage of amendments to the Russian anti-corruption laws. These amendments, which went into effect on May 17, 2011, expand the scope of those laws to include bribery of foreign government officials, create a new offense for acting as an intermediary to bribery, and dramatically increase penalties for violations of the law. This report will examine the specifics and implications of the amended legislation.
New Russian Anti-Corruption Legislation
Thursday, August 25, 2011