How to start cracking down on bribery overseas

We've noted that bribery of officials overseas has reared its head again as a compliance issue. The Foreign Corrupt Practices Act of 1977 bans such activity. But the law had not been a priority for many years. That has changed in this era of rampant globalization. Regulators have received more tips from U.S. companies, which are taking a closer look at their operations under Sarbanes-Oxley, and from officials in the other countries that have embraced new anti-bribery laws, reports Chicago Business. So what to do. At a minimum, lawyers suggest reviewing overseas partners' financial records for "unexplained commissions, suspicious donations to charities and fake or incomplete invoices." Basically, hard questions will have to be asked, and Red Flags raised when appropriate. Which may be more often than we'd like to think. Article