Corrupt practices such as international and domestic business bribery involve supply and demand side, active and passive actors. In that sense, it is crucial to foster more transparency and integrity in the business sector by promoting the implementation of Effective Voluntary Corporate Compliance Programs among the Asia-Pacific region. Thus, the ACTWG organized a Workshop on this theme.
Over 100 participants attended the Workshop, including ACTWG and other APEC representatives, prosecutors, judges and compliance experts, ABAC members and other representatives from international organizations and the business community. Expert speakers on compliance programs from Singapore; Colombia; Peru; Chile; and the United States, representing multinational businesses, law firms, law enforcement and trade agencies, gave detailed presentations during two panels in the morning session on the elements of effective corporate compliance programs and Member economy incentives for such programs. The afternoon program included an interactive breakout session of roundtables comprising of the experts and participants to share best practices and experience with such programs and incentives and to discuss conclusions and next steps for work in this area.