Japan Revises its Guidelines to Prevent Bribery of Foreign Public Officials
Japan's Ministry of Economy, Trade, and Industry has announced that the Guidelines to Prevent Bribery of Foreign Public Officials were recently revised. These guidelines are provided to prevent the offense of bribery of foreign public officials, which is prohibited under the Unfair Competition Prevention Act.
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The guidelines (1) serve as reference to promote voluntary and preventive approaches by companies, and (2) present related reference information (such as the internal control concept and interpretation of the Unfair Competition Prevention Act) so as to improve companies’ understanding of the offense of bribery of foreign public officials and to enhance the probability of foreseeing such bribery.