King & Wood Mallesons

Asia-Pacific 100 position: 3

Have you paid a bribe in the last couple of years?

Globally, one in four people have paid a bribe in the last couple of years, according to Transparency International’s Global Corruption Barometer 2013. And, one in two people think corruption has worsened in the past two years.

The results make it clear that Australian companies doing business in places such as Mozambique, Zimbabwe, India and Mongolia (China is noticeably absent from the survey) would do well to ensure that their employees remain up to date on the anti-bribery and anti-corruption obligations that will likely apply to them. Bribery by an Australian of a foreign official, even if customary, can result in imprisonment and hefty fines…

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