The forthcoming EU Anti-Corruption Directive means that European companies can be held criminally liable for corruption offences, even if they are committed abroad, for the benefit of the company. “
the company. Sanctions will be significantly increased, with fines linked to global turnover, exclusion from public procurement, and, in some cases, revocation of permits. Implications for Companies and Third Parties The directive harmonizes definitions and penalty
their corruption levels since 2012, there’s still a huge amount of work to be done – 148 countries have remained stagnant or gotten worse during the same period. EU Anti‑Corruption
and are exposed to tougher legislation by, for example, the EU’s upcoming Anti- Corruption Directive. The directive has not yet been adopted, but negotiations are ongoing. The forthcoming EU Anti-Corruption Directive means that European companies can be held criminally liable for corruption offences, even if they are committed abroad, for the benefit of
Directive (pending)
The risks of corruption come into the spotlight
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ISSUE 15 GLOBAL PAYROLL MAGAZINE
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