Friday, June 1, 2012
Volume:
28
Issue:
6
Abstract:
In a Swiss criminal investigation into bribery offences committed abroad, Alstom accepted heavy sanctions ordered by the federal prosecutor’s office. Following the conviction of a Swiss financial institution for money-laundering, this is the second case in which Swiss corporate criminal law – until recently considered fairly harmless – has bared its teeth. These cases should spur companies into reviewing their compliance systems.