Financial Transparency Coalition

Bribing foreign public officials would become an offence under anti-corruption proposals published by the Scottish Government.

A decision of Swedish furniture retailer IKEA to suspend further investment in Russia because of corruption is a sign that business here is still fraught with risks for international investors. While President Dmitry Medvedev has taken a clear position on anti-corruption and introduced legislation to curb official bribery, the reality is that corruption continues on a massive scale in the economy and society. However, IKEA’s response to the corruption challenge — to reduce further investment rather than pull out altogether — suggests that the risks can be managed. International companies and governments have an important role to play in...

July 22 (Bloomberg) -- China’s detention of Rio Tinto Group executives amid allegations of espionage and bribery should serve as a reminder to foreign companies that they may also risk prosecution by U.S. enforcement agencies, lawyers said.

Bloomberg -- The Namibian government is asking for “cooperation and assistance” from the son of China’s president in a probe involving a Chinese maker of security scanners, according to Paulus Noa, director of the African country’s Anti-Corruption Commission.