Published in «Russian Journal of Entrepreneurship»13 / 2015
DOI: 10.18334/rp.16.13.494

Anti-corruption activities in the african business of transnational corporations of developing countries

Sapuntsov Andrey L., Candidate of Economic Sciences, Associate Professor, Senior Researcher of the Center for Global and Strategic Studies, Institute for African Studies of the Russian Academy of Sciences, Moscow, Russia

Противодействие коррупции в африканском бизнесе транснациональных корпораций развивающихся стран - View in Russian

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Abstract:
The developed economies use legal and organizational mechanisms to combat corrupt practices of their own TNCs in Africa. The Russian Federation is now also legally bound by such obligations. It seems reasonable to apply such measures, including anti-corruption AML/CFT-related measures, to TNCs from large emerging economies with significant investment positions in Africa which will allow creating uniform conditions for business, restoring the rule of law, and stabilizing the economic growth rates in the region.

Keywords:

Africa, AML/CFT, bribe, corruption, developing countries, FDI, TNC
Citation:
Andrey Sapuntsov (2015). Anti-corruption activities in the african business of transnational corporations of developing countries [Protivodeystvie korruptsii v afrikanskom biznese transnatsionalnyh korporatsiy razvivayuschikhsya stran]. Russian Journal of Entrepreneurship, 16(13). (in Russian). – doi: 10.18334/rp.16.13.494.