Japan has amended the provisions on the crime of bribing foreign public officials under the Unfair Competition Prevention Act (UCPA), effective 1 April 2024, and updated the Guidelines for the Prevention of Bribery of Foreign Public Officials in February 2024.
Key changes to the UCPA include increased fines and longer terms of imprisonment for individuals or corporations who bribe foreign public officials, expanded corporate liability and a longer statute of limitations.
In an effort to address Vietnam’s historical perception as a high-risk compliance jurisdiction, the Vietnamese government has recently implemented a series of regulatory and practical measures to significantly reduce corrupt practices in the country.
These recent efforts to combat corruption have resulted in a number of measures, including legal reforms, public awareness campaigns, international cooperation efforts, as well as increased enforcement of corruption and bribery laws (including a number of high profile arrests and prosecutions for bribery offences). These trends in Vietnam show no sign of slowing down, and heightened enforcement of corruption-related crimes in Vietnam can be expected to continue and even increase in the months and years to come.