August 9, 2012
Several Asian countries have passed legislation similar to the U.S. Foreign Corrupt Practices Act and the UK Bribery Act to ensure the operations of multinational organisations are adequately regulated, according to a new report by law firm Herbert Smith in Hong Kong. The report found that firms had to deal with an increasing amount of local anti-corruption regulation. "Our report also focuses on the domestic enforcement environment. In recent years we have seen increased attention to the operations of multinational organisations by a number of domestic regulatory and prosecutorial agencies in Asia," he told Thomson Reuters.