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Corruption issues can have severe consequences for a business, aside from long-term reputational damage, investigation and conviction entail significant costs in management time, penalties and civil claims. Corruption investigations can also have a serious impact on a company’s M&A prospects.
Anti-corruption law enforcement is now significantly stronger in Asia Pacific. All international companies, and their senior management, are under increasing pressure to implement proper procedures to prevent corrupt behaviours when operating in the region. Using intermediaries, doing business with state-owned enterprises, or simply dealing with local business practices, all raise anti-corruption concerns that are particularly relevant in Asia Pacific.