Anti-Bribery & Corruption Benchmarking Report – 2018

Converging Third Party Risks: Regulation, Reputation, Information

Kroll and Ethisphere once again partnered to create the Anti-Bribery and Corruption Benchmarking Report – 2018. Learn more about the strengths and weakness of ABC programs, the focus of compliance experts going forward, and whether your business is keeping pace.

For the second year in a row, third party violations top the list of perceived risks to an organizations ABC programs. 

 

 

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Reputational risk is always on the minds of ethics and compliance professionals. But now more than ever, senior-level executives and boards of directors are also considering their organizations’ anti-bribery and corruption programs.

Perceptions: Why risk will increase in 2018:

  1. Increased enforcement of existing regulations
  2. New regulations
  3. Increased number of third party relationships
  4. Increase in transactions (eg M&A, JVs, investments etc.)
  5. Global expansion

Download the report to learn more about:

  • The perceived strengths and weaknesses of anti-bribery and corruption programs
  • The focus of compliance experts going forward
  • Whether your business is keeping pace with common risk mitigation practices
 
Table of Contents

1. ABC Programs: Ongoing Challenges

    • Third parties remain a major area of concern.
    • Regulatory focus on individual accountability heightens personal liability concerns, drives more self-disclosure.
    • Risk segmentation is key.
    • ABC programs must continually evolve to maintain their effectiveness.

2. Ownership Structure Risks On The Rise

    • Low confidence in ability to address ownership risks despite increased focus and controls.
    • Regulatory and reputational risks driving greater focus on determining ownership.

3. ABC After Onboarding: Monitoring and Data Refresh

    • Regulators have made ongoing monitoring a baseline expectation.
    • Monitoring can mean different things to different organizations.
    • Data refresh is increasingly a factor in risk mitigation and defense.

4. Mergers and Acquisitions

    • Regulatory expectations are not being consistently met.

5. New Resources Emerge as ABC and Enterprise Risks

    • Information security challenges and opportunities.
    • ABC programs getting greater investment, but shortfalls still exist.
    • Executive leadership support critical for an effective ABC program.
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