This is from the Proivincea newspaper in British Columbia, Canada, but I am certain the topic applies to American companies as well. If this article is accurate, and FCPA investigations continue at the pace they are, expect to see many more FCPA cases in the future.
"Corruption has become part of China's "business ethic," and B.C.'s Asian-trade boom puts pressure on companies here to commit white-collar crime, the province's top fraud cop warns.
But B.C. Mounties are ill-equipped even for the battle against existing levels of commercial crime, RCMP Supt. Gordon McRae says.
McRae made the comments at an anti-fraud conference in Vancouver this week.
He cited the Chinese business principle of guanxi, an exchange of favours that can include "tit-for-tat" commercial exchanges illegal in Canada.
He used as an example the hypothetical scenario of a Canadian businessman securing a contract by purchasing a house so "some executive's son" can go to the University of B.C.
"Our business people are going to get these pressures," McRae said. "The temptations are there."
China isn't the only country with unpalatable business practices, McRae said, noting that U.S. agrochemical giant Monsanto was fined for bribing an Indonesian official in 2002."
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