Russia’s Federal Anti-Corruption Law No. 273, Article 13.3 requires companies operating in the country to implement anti-corruption compliance programs containing specific anti-corruption measures. Failure to comply carries the risk of heavy fines, the extent of which depends on a company’s willingness to cooperate with authorities. Russian law does not provide ‘adequate procedures’ legal defense against corruption offenses.
Russia has made a significant leap towards strengthening its legislative framework and aligning it with other internationally recognized national legislation, such as the FCPA and the Bribery Act. Companies doing business in Russia should review their anti-corruption programs for compliance with the requirements of Russian law.