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French ABAC Laws: Sapin 2

France Adopts ABAC Laws and Joins Global Efforts at Combatting Corruption

France has the sixth largest economy in the world, but it has never prosecuted a French company for corruption in a foreign country. That work has been left to countries such as the United States, which fined French oil company Total $398 million for Anti-Bribery/Anti-Corruption (ABAC) violations in 2013 and the French power and transportation company Alstom $772 million for ABAC violations in 2015. The lack of anti-corruption scrutiny French companies received at home might explain why France ranks only 23rd in Transparency International’s Corruption Perceptions Index for 2015.

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Topics: aravo, risk and compliance, third party risk management, ABAC, Anti-bribery & Anti-corruption, Anti-Bribery and Anti-Corruption, France, Sapin 2