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.

Read article

 



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.