Defining a Risk-Based, Scalable & Sustainable Approach
As companies continue to globalize their business opportunities, they are exposed to an ever-widening environment of anti-bribery and anti-corruption regulations. Moreover, the enforcement of such laws is increasing; for example, 2016 was a record year in terms of the number of Foreign Corrupt Practices Act (FCPA) actions brought by U.S. regulators and the amount of monetary penalties imposed.
While many risks can compromise an organization’s compliance with anti-bribery and anti-corruption regulations, third party relationships are especially problematic. In fact, third party violations were cited as the top risk to their organizations’ anti-bribery and anti-corruption programs by 40 percent of survey respondents in the “Anti-Bribery and Corruption Benchmarking Report – 2017” (ABC Report), published by Kroll and the Ethisphere Institute.
Kroll is the leading global provider of risk solutions. For more than 40 years, Kroll has helped clients make confident risk management decisions about people, assets, operations, and security through a wide range of investigations, cyber security, due diligence, and compliance, physical, and operational security and data and information management services. Headquartered in New York with more than 35 offices in 20 countries, Kroll has a multidisciplinary team of nearly 1,000 employees and serves a global clientele of law firms, financial institutions, corporations, non-profit institutions, government agencies, and individuals.