TRACE International Publishes Third in How to Pay a Bribe Series

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Mar 15, 2016, 07:00 ET

ANNAPOLIS, Md., March 15, 2016 /PRNewswire/ -- Today, TRACE International, the leading global anti-bribery standard setting organization, published the third in its biennial How to Pay a Bribe series. The collection offers an insider's view on how bribery and corruption impact international business, making it an excellent instructional tool for compliance practitioners.

Among the contributions to the 2016 edition is a first-person account from one corporate executive, Richard Bistrong, who was convicted in 2012 of paying bribes to overseas government officials and sentenced to eighteen months in prison. An investigator who helped uncover that bribery scheme is the author of a separate chapter, which details one of the deepest investigations into corruption in Cambodia ever told. Also in this collection is the work of investigative journalist Ken Silverstein, who details how shell companies are increasingly used to funnel illicit gains through offshore tax havens.

"We hope that these stories will serve as good, practical information for companies hoping to identify and prevent corruption within their own organization," said TRACE President Alexandra Wrage. "By understanding how these bribery schemes are perpetrated, we take one step closer to preventing future corporate wrongdoing."

The book is available for purchase through Amazon.

About TRACE
TRACE International and TRACE Incorporated are two distinct entities with a common mission to advance commercial transparency worldwide by supporting the compliance efforts of multinational companies and their third party intermediaries. TRACE International is a non-profit business association that pools resources to provide members with anti-bribery compliance support while TRACE Incorporated offers both members and non-members customizable risk-based due diligence, anti-bribery training and advisory services. Working alongside one another, TRACE International and TRACE Incorporated offer an end-to-end, cost-effective and innovative solution for anti-bribery and third party compliance. For more information, visit www.TRACEinternational.org.

SOURCE TRACE International