Mon, Jun 06, 2022

2022 Anti-Bribery and Corruption Report

Kroll analyzed global data from 700 senior risk professionals to gain insights into the current ABC landscape and trends for the upcoming year.

Download the Report
This field is required
This field is required
This field is required
This field is required
This field is required A valid email address is required
Please select an Option
This field is required
We will use this information to respond to your inquiry and process your data in accordance with our privacy policy.
Foreword

Kroll’s 2022 Anti-Bribery and Corruption Benchmarking Report, the result of a survey of 700 executives conducted earlier this year across the globe, offers thoughtful insights into the state of anti-bribery and corruption (ABC) programs worldwide for the 11th consecutive year.

We entered 2022 with the second anniversary of the pandemic, continued supply chain shocks, economic and geopolitical anxieties, and a lull in ABC enforcement activity. In these conditions, it was vital to assess the strengths, weaknesses and emerging trends within ABC programs across the globe. A better understanding of the state of ABC programs became even more important with the outbreak of war in late February and the resulting unprecedented coordination between governments to impose sanctions on Russia. Our survey found that despite these challenges and uncertainties, companies on average continue to be confident in the efficacy of their ABC programs and seek innovative ways to bolster their defenses.

Mariellen Davies-DeMarco, Managing Director in the Compliance Risk and Diligence practice, reflects on the 2022 ABC survey results and the changes in the anti-bribery and corruption landscape in the last year. Watch now.


This year’s survey further examines these innovations, including the uneven adoption of distributed ledger technology in ABC programs. And given the rapidly shifting views on incorporating environmental, social, and governance into ABC programs last year, we investigate the progress made to date and what is left to be done.

Also, for this year, 14 countries were represented in our survey, with 50 participants hailing from each one, including Australia, Hong Kong SAR, Greater China, Singapore, France, Germany, Italy, the United Kingdom, Brazil, Mexico, Saudi Arabia, the United Arab Emirates, Canada and the United States. Based on respondent insights, this report individually analyzes results at a macro and micro level, demonstrating a broad spectrum of diverse geographies and challenges.

Other key findings include a high level of agreement that the compliance function will take on more responsibilities in 2022, although compliance leaders feel supported. Respondents who believed their compliance programs are effective attributed this confidence to internal audits and third-party program reviews that confirm their programs work and to a lack of bribery incidents reported to date.

Thank you for spending time to review these results, and as always, Kroll is available to further discuss the details of these findings and to collaborate with you in improving your ABC compliance, readiness and program objectives.

Anti-Bribery and Corruption Programs, Blockchain and Crypto: Who and Why?

Blockchain and cryptocurrency (crypto), closely related within the ‘distributed ledger technology’ space, are gradually impacting data exchange and transactions globally. Kroll’s 2022 Anti-Bribery and Corruption (ABC) survey responses highlighted that some jurisdictions are drawn to blockchain and crypto more than others, with an understanding of its potential for ABC Programs and compliance management. Events that saw extreme regimes establish new channels for funneling funds outside of the traditional payments systems due to sanctions and lack of infrastructure have led to new ABC and KYC challenges in relation to crypto. Our experts detail the reasons for an uneven adoption of the blockchain technology and its correlated crypto application in an increasingly powerful and global-reaching financial network.

Learn More About ABC and Crypto

ABC Programs Address Cryptocurrency Risks
ESG’s Role in Anti-Bribery and Corruption: Burden or Benefit?

In 2022, 48% of the respondents stated their firms boosted their ABC programs with greater consideration for all the key aspects of the ‘E’, ‘S’ and ‘G’ of ESG compliance. Of increased importance were factors related to air and water pollution, labor rights, climate change mitigation, human rights abuses and diversity, equity and inclusion (DEI) matters. Yet 2022 respondents reaffirmed the challenges ESG brings to the compliance function, including limited data and a lack of standardization, transparency, regulation and cost when it comes to due diligence.

Learn More About ABC and ESG

2022 Anti Bribery and Corruption Report
2022 ABC Regulatory Landscape – What Concerns Are on the Horizon?

The majority of 2022 survey respondents have concern with the regulatory future. Are they expecting a specific law to change ABC enforcement, or are they concerned with the unknown? Although the multilateral coordination between governments on sanctions early in the year was a surprise for many and could be a precursor for future joint efforts to combat corruption, it may lead to additional complexity for the compliance function. Regardless of how the next 12 months unfold, companies will need to maintain their confidence in and support of ABC compliance to face ongoing and new risks to their organizations.

Learn More About ABC Regulatory Landscape

2022 Anti Bribery and Corruption Report

 

Looking Ahead

In a post-pandemic work environment, the key question remains: Which business challenges, risks and opportunities will change anti-bribery and corruption programs long term? As we come out of the pandemic, organizations must adopt lessons learned from the greater use of remote monitoring of third-party relationships and remote trainings, as well as maintain their focus on identifying and addressing emerging risks in their supply chains. Environmental, social and governance (ESG) and anti-bribery and corruption (ABC) compliance will continue to converge because of their shared opportunities for good governance, as well as the growing calls for standardization, transparency and regulation.

When we look back on 2022, our hope is that the year is a pivotal moment for the compliance function in several ways, not only for how multilateral sanctions are used but also a renewed focus for governments and societies in the fight against corruption. The challenge of expecting private companies to enforce sanctions presents an opportunity to improve corporate data and drive greater transparency that ultimately will deliver accountability in the corporate environment for many of our clients. Additionally, with the increasing emergence of blockchain technologies in ABC programs, the road toward compliance resilience and transparency is potentially optimistic and achievable.

During this time of ongoing change, the role of the compliance function to safeguard their organizations against risk has never been more vitally important to all those who are responsible for regulatory requirements around the globe.

Learn More

Webcast Replay | Anti-Bribery and Corruption Benchmarking Report

On June 22, 2022, Kroll experts shared findings from the 2022 Anti-Bribery and Corruption Benchmarking Report and dove deep into the insights on the current ABC landscape, including trends for the upcoming year and the critical challenges faced by compliance officers.

Watch the Replay

 

Anti-Bribery and Corruption Benchmarking Report 2022 : The Challenges and Evolution of Anti-Bribery and Corruption for Compliance Professionals

Stay Ahead with Kroll

Compliance Risk and Diligence

Complying with anti-money laundering and anti-bribery and corruption regulations.

Screening and Due Diligence

Comprehensive spectrum of risk-based screening and due diligence solutions.

Third Party and Vendor Screening

Supporting corporate third-party management programs to drive risk-based due diligence decisions.

AML Compliance Due Diligence

Kroll helps clients navigate the complexities of today’s regulatory environment through a broad suite of anti-money laundering compliance screening and due diligence offers.

Supply Chain Vendor Screening and Due Diligence Services

Identifying, assessing, mitigating and monitoring third-party risk in modern supply chains

Compliance Program Consulting

Kroll is trusted by companies worldwide to help establish policies and programs aimed toward preventing fraud and complying with anti-money laundering (AML) and anti-bribery and corruption regulations.

Anti-Corruption

Kroll helps clients mitigate and respond to the risks associated with international anti-corruption legislation.

Anti-Money Laundering

Kroll’s anti-money laundering (AML) solutions are designed to help minimize the risks associated with money laundering and other illicit activities and to ensure compliance through the development and management of ongoing compliance programs and processes.

Articles

Article 1


Anti-Bribery and Corruption Programs, Blockchain and Crypto: Who and Why?

Jun 06, 2022

by Veronique Foulon

Article 2


ESG’s Role in Anti-Bribery and Corruption: Burden or Benefit?

Jun 06, 2022

by Elisabetta Lanzilao, Nilufar Kuchimova, Nathalia Cantanhede

Article 3


2022 ABC Regulatory Landscape – What Concerns Are on the Horizon

Jun 06, 2022

by Michael Watt

Article 4


2022 U.S. & Canada ABC Spotlight

Jun 06, 2022

by Joshua  HaberAlina Laumann

Article 5


2022 Latin America ABC Spotlight

Jun 06, 2022

by Michael WattEmanuel Batista

Article 6


2022 Europe ABC Spotlight

Jun 06, 2022

by Veronique Foulon

Article 7


2022 Middle East ABC Spotlight

Jun 06, 2022

by Anastasia Smiley, Nicholas Beaton, Brenton Dsouza

Article 8


2022 Asia Pacific ABC Spotlight

Jun 06, 2022

by Anthony Ho

Download the Report
This field is required
This field is required
This field is required
This field is required
This field is required A valid email address is required
Please select an Option
This field is required
We will use this information to respond to your inquiry and process your data in accordance with our privacy policy.
Download the Report
This field is required
This field is required
This field is required
This field is required
This field is required A valid email address is required
Please select an Option
This field is required
We will use this information to respond to your inquiry and process your data in accordance with our privacy policy.
Download the Report
This field is required
This field is required
This field is required
This field is required
This field is required A valid email address is required
Please select an Option
This field is required
We will use this information to respond to your inquiry and process your data in accordance with our privacy policy.
Download the Report
This field is required
This field is required
This field is required
This field is required
This field is required A valid email address is required
Please select an Option
This field is required
We will use this information to respond to your inquiry and process your data in accordance with our privacy policy.