The evolution in the global economy is raising challenges for anti-corruption compliance. In response to economic dislocations and disruptions stemming from the COVID-19 pandemic and Russian invasion of Ukraine, businesses encounter situations where supply chain delays and disruptions inevitably increases bribery demands and pressures.
A perfect example of such a situation was the delay in export of essential goods from China to the United States and Europe businesses. As a result of the near shutdown during the pandemic and pent up demand, the resumption of demand levels resulted in shortages of container space on shipping vessels. In response, shippers and logistic companies seized the opportunity to raise prices for container space and public and private employees often included bribery payments and demands.
A second example illustrated the new environment in response to the Russia Sanctions Program. Global companies faced significant disruption to their supply chain as a result of manufacturing facilities based in Russia. As the global sanctions response to Russia’s invasion of Ukraine tightened, global companies faced difficulties in exporting items needed to maintain operations at the manufacturing facility and/or restrictions on export of manufactured goods for delivery to third-party distributors. It is easy to imagine opportunities here where indirect third parties may seek to extract bribes or “premium” payments given their increasing importance to maintaining...
(CNN) — President Donald Trump has shared another fake quote on social media, this time a fabricated comment in which “Denzel Washington” supposedly heaps praise upon him. The phony quote that Tru...