Government authorities outside the U.S. are increasingly clamping down on foreign bribery, a new report indicates. The Trace report defined investigations as an ongoing probe by a government authority into allegations of bribery of government officials by a foreign company or individual. The U.S., which was conducting 35% of the world’s bribery investigations at the end of 2018, historically has been the leader in antibribery enforcement, according to Trace data. Enforcement actions outside the U.S. stayed relatively steady, with 10 resolutions in 2018, slightly below the 10-year average, according to Trace data. It was conducting 107 investigations at the end of last year, according to Trace, with the financial services industry facing the most investigations.

Source: Wall Street Journal March 05, 2019 21:45 UTC