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May 20, 2015

Senior Partner, Bretton G. Sciaroni as a member of Anti-Corruption Committee under the umbrella of International Bar Association has contributed an article on...


Senior Partner, Bretton G. Sciaroni as a member of Anti-Corruption Committee under the umbrella of International Bar Association  has contributed an article on the update of “Cambodia’s Anti-Corruption Law”. The IBA Anti-Corruption Committee provides an international forum for private and public-sector practitioners to meet and discuss anti-corruption laws, compliance practices, enforcement trends and asset recovery issues. 
 
“Corruption remains a serious issue in Cambodia and any company considering doing business here must consider its compliance programs. The fact that the vast majority of arrests and prosecutions to date have been against government officials should give the private sector little solace; according to the law, the person who gives a bribe is as guilty as the person who receives it” said Mr. Sciaroni. In recent years the Cambodian government has adopted one of the strictest anti-corruption laws in the world.  The culture is changing and reforms are in process. Mr. Sciaroni further states that “nevertheless, the Anti-Corruption Unit (ACU) and the government are working with the business community to ensure compliance with the law. In a country where corruption is endemic, it is a good start.”
 
For the complete article, please click here.

 
 
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Sciaroni & Associates is a leading professional and investment advisory firm doing business in Southeast Asia since 1993. Based in Cambodia with legal offices in Laos and Myanmar, we provide experienced advice and business insights to many of the world’s leading companies, governments, economic think tanks, global development funds, international NGOs and the Royal Government of Cambodia in accordance with strict international standards.
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