Bribery laws pose compliance challenge for energy firms
Oil and gas firms still face compliance challenge from anti-bribery laws, despite court judgement against Dodd-Frank disclosure rules
Energy firms face a challenge complying with new regulations in the European Union (EU) and the US that will require oil, gas and mining companies to report payments to foreign governments, according to industry experts.
"For a large multinational company, this can be a huge data management challenge," says John Covey, a Houston-based director in the energy risk consulting services practice at PricewaterhouseCoopers. "Essentially, they have to identify what qualifies as a payment and be able to
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