UK Bribery Act - managing global risk - KPMG Report

 

 
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CBI member KPMG has published a Survey on managing bribery and corruption risk for global companies.

Key compliance challenges/findings cited by companies include:

1. Auditing third parties for compliance, difficulty in performing effective due diligence on foreign agents/third parties, and variations in country requirements and local laws on issues such as data privacy and facilitating payments.
2. More than 70% of respondents agreed that there are places in the world where business cannot be conducted without engaging in bribery or corruption.
3. About half of the respondents reported that continuous monitoring with a forensic data analytic component was a “highly” or “mostly” effective compliance program element in high-growth markets

Please find a link to the Report below.

Download KPMG 2011 Global Anti-Bribery and Corruption Survey, June 2011