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Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Despite crackdown, Asia firms are slow to comply

Only 40 percent of Asia companies have anti-bribery policies in place, compared with a global average of 81 percent last year.

An EY survey polled 681 executives in China, Singapore, Australia, New Zealand, Indonesia, Vietnam, Malaysia and South Korea.

Despite a huge increase in investigations and enforcement in Asia and China in particular, companies aren’t yet stepping up with more compliance protections.

The survey found 48 percent who said their companies’ anti-bribery policies were good in principle but not in practice.

Only 32 percent have whistleblower programs.

Asia is home to about 4.2 billion people. And three of its countries — China, Japan, and India — rank among the world’s ten biggest economies.

‘In China, 19 percent [of the respondents] said fraud and bribery had increased due to difficult economic times and greater competition, while 34 percent said their managements were likely to take short cuts in tough times,’ the South China Morning Post said.

Even in squeaky-clean Singapore, the survey found, 59 percent said their companies’ anti-bribery policies were good in principle but did not work well in practice.

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Richard L. Cassin is the Publisher and Editor of the FCPA Blog. He can be contacted here.

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