Beware toll of cross-border anti-graft laws
Firms can be tripped up even by the most tenuous of associations. By Annabelle Yip
MORE and more Singapore corporations are expanding overseas. Coming as they do from a business environment that is acknowledged around the world to be among the least corrupt, it is imperative for them to be ever on their guard against inadvertent breaches of both local and foreign anti-bribery legislation.
The view from Singapore
Singapore's Penal Code and Prevention of Corruption Act contain a list of corruption offences. To date, most prosecutions in Singapore have been against individuals rather than corporations.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama