Walmart Allegations Show Need for Robust Compliance Program

According to a New York Times article published online Saturday, April 21, 2012, top executives in Walmart’s Mexican division allegedly attempted to conceal a widespread bribery scheme from the company’s U.S. headquarters. These allegations date to 2005, when a former Walmart de Mexico executive supposedly emailed one of Walmart’s senior lawyers, spelling out how the company had paid more than $24 million in bribes to secure construction permits throughout Mexico. The story illustrates the risks of international business operations, as well as the need for companies to adopt a robust compliance program to deter, detect and remedy the risk from transnational bribery.

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