Singapore, located in the heart of Asia, is surrounded by countries known to be hotbeds of corruption. Yet, the small island city-state is widely considered to be one of the lowest-risk countries in the world, ranking 8th out of 168 countries on the Transparency International Corruption Index, just below low-risk countries such as Switzerland and Norway and above the United States. This does not mean operating in Singapore is free of risk – both the prevalence of government-linked companies and Singapore’s own anti-corruption authorities complicate the corruption landscape. The FCPA Report recently spoke with Calvin Chan, a partner in Reed Smith’s Singapore office, about the state of anti-corruption compliance in Singapore.
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