Friday, December 25, 2015

Kroll and Compliance Week Issue 2015 Anti-Bribery and Corruption Benchmarking Report

Latest: Corruption and Money Laundering.

Global expansion is at the root of increased bribery and corruption risks say compliance professionals
Report reveals lack of confidence in financial controls to catch potential FCPA violation.

WASHINGTON--()--Kroll, the global leader in risk mitigation and response solutions, announced today it has issued its 2015 Anti-Bribery and Corruption Benchmarking Report, created in conjunction with Compliance Week, in which roughly half of all compliance officers surveyed expect their company’s bribery and corruption risks to increase in the coming year. In a survey of senior-level compliance professionals, 72 percent of those who expect risks to increase say it’s because their business will be expanding into new, unfamiliar markets. However, while 65 percent say their business will increase the number of their third-party relationships, 48 percent say they never train third parties on anti-bribery and corruption. This is an alarmingly high figure given the number of enforcement actions regulators take that involve 

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