This briefing looks at what is happening around Asia with respect to anti-bribery and corruption laws and prosecution. In summary, most jurisdictions are continuing to strengthen their laws and/or increase corporate prosecutions.
Regionally, there is an increased focus on prosecuting bribery and corruption offences in order to "stamp-out" these practices. Several high profile political figures have become embroiled in bribery scandals demonstrating the region's continued focus on combatting bribery and corruption. Singapore has also sent a clear message that private sector bribery will not be tolerated and may lead to custodial sentences.
The increased focus on prosecution of bribery and corruption is coupled with proposed changes and changes to laws to strengthen the fight against bribery and corruption. Japan is introducing, and Australia is proposing to introduce, deferred prosecution agreement systems in relation to, amongst other things, corporate bribery offences. Korea has introduced a new graft law and the PRC is considering changes to its "Anti-Unfair Competition Law".