International market participants’ behavior towards transparency and accountability has changed dramatically due to several recent developments: the globalization of business transactions, the tougher stances on bribery and corruption taken by governments, international organizations and financial institutions globally, and the overarching scope of world’s major economies’ anti-corruption laws. Global market participants are increasingly aware that any transgression of anti-bribery and corruption laws would entail huge financial, reputational, and operational exposure. Therefore, it is common for companies nowadays to develop internal anti-bribery policies and implement a compliance program