Transparency International Releases Report on Reducing Risks of Corruption Associated with Use of Agents in Defense Contracts
On June 28, 2016, Transparency International UK’s Defence and Security Programme (“TI”) launched Licence to bribe? Reducing corruption risks around the use of agents in defence procurement (the “Report”), a continuation of its longstanding efforts to combat corruption in the defense industry. In 2015, TI released the Defence Companies Anti-Corruption Index (the “Index”), which assessed and ranked the transparency and quality of the ethics and anti-corruption compliance programs of 163 defense companies from 47 countries. The newly released Report focuses specifically on the corruption risks posed by the use of sales agents and recommends steps to be taken by defense companies, exporting and importing governments, and civil society to combat that corruption.