Mon, Jan 26, 2015

Walmart Exec Says Retailer Strives to Halt Corruption

Kroll’s 2014 Anti-Bribery and Corruption Report was mentioned in the San Francisco Chronicle in an article about the investments companies are making to combat corruption. Using Walmart as a case study, the article explores why multi-national corporations are more concerned now than they were when the Foreign Corrupt Practices Act (FCPA) was passed in 1977.

The article cites statistics from Kroll’s 2014 Anti-Bribery and Corruption Report:

  • 57 percent of American companies expect bribery and corruption risks to increase in the years ahead.
  • 58 percent of companies last year said they never provided training to third parties on anticorruption efforts, up from 47 percent in 2013.

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Compliance Risk and Diligence

The Kroll Investigations, Diligence and Compliance team partners with clients to anticipate, detect and manage regulatory and reputational risks associated with global ethics and compliance obligations.