Recently, former President of South Korea, Park Geun-hye, was sentenced to 24 years in prison for her involvement in a corruption scandal. The year before, former president Luiz Inácio Lula da Silva, of Brazil, was sentenced to 12 years for corruption. He was convicted of receiving a renovated beachfront apartment worth some 3.7m reais ($1.1 million), as a bribe from an engineering firm. Former President of France, Nicolas Sarkozy, is facing charges of corruption and influence peddling. Sarkozy is already under investigation for alleged bribe-taking from Libyan sources in the 2007 French general election. The world is changing, and it is changing fast.
When I started in compliance over a decade ago, people would routinely say, “that’s how it’s done overseas,” or, “everyone knows the only way to get government business is to give bribes.” The tipping point has come, and anyone not noticing will get swept up in the change. [Read more…]