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INSIGHTS

Bribery, corruption risk to rise in 2017, say compliance professionals

Bribery, corruption risk to rise in 2017, say compliance professionals
A recent report suggested more than one third of risk and compliance professionals expect their organization’s bribery and corruption risk to increase in 2017, while reputational risk associated with bribery and corruption allegations has also become a main concern for these professionals.
More than one third of risk and compliance professionals expect their organization’s bribery and corruption risk to increase in 2017, while reputational risk associated with bribery and corruption allegations has also become a main concern for these professionals.
 
The figures were from the 2017 Anti-Bribery and Corruption Benchmarking (ABC) Report released jointly by Kroll and the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices. The theme of this year’s survey was “Beyond Regulatory Enforcement: The Rise of Reputational Risk.”
 
According to the report, against a backdrop of heightened regulatory and reputati...
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