The Edge Singapore sought Stefanie Yuen Thio’s views on whether errant companies are let off too easily for corruption in an article published last week. She said: “I think it’s hard to argue that a S$100,000 fine is an effective deterrent in today’s world. High time we reviewed and refreshed the penalties imposed on corporates. However, setting one monetary limit may also not be effective, and we may want to consider a limit that takes into account factors such as the size, revenue and profitability of that company, and the amount of gain that the corrupt act produced.”

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