Russia’s Federal Anti-Corruption Law: A Closer Look from a Business Perspective

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Summary:

The Federal Law on Combating Corruption in Russia, enacted in 2008, has significant implications for both domestic and foreign businesses. The law is far-reaching, criminalizing various corrupt activities and applying to state officials and executives in private organizations. Businesses must conduct rigorous due diligence and implement robust anti-corruption programs to minimize risks and avoid legal consequences. Despite limitations, compliance with the law is crucial for businesses operating in Russia, making it a strategic necessity.

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