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


Andrey Sapuntsov
(about the author)

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)

Published in:
Russian Journal of Entrepreneurship
– Volume 16, Number 13 (July, 2015)



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. Russian Journal of Entrepreneurship, 16(13), 2067-2078. doi: 10.18334/rp.16.13.494


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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.








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