Headline news serves as a daily reminder of the financial impact corruption can have on companies operating in a global marketplace, as well as the social and political consequences of integrity breaches in government institutions. Almost every company, regardless of size, industry or country of operation, is exposed to some degree of corruption risk and is contending with a growing number of anti-corruption regulatory requirements driven by the U.S. Foreign Corrupt Practices Act (FCPA), the U.K. Bribery Act (UKBA), multilateral development banks (MDBs) and a host of domestic and international anti-corruption legislation in a growing number of countries.
Leading companies are increasingly seeking to capitalize on new business opportunities in emerging markets and face a growing array of challenges associated with doing business in developing economies. More than half of CEOs participating in PwC’s annual Global CEO Survey identified bribery and corruption as a primary threat facing their company1. In order to succeed in a globally competitive marketplace, you must act quickly to identify and address new threats and intelligently adapt to the changing risk profile of your expanding operations.
To thwart bribery, corruption and program integrity risk, you must be vigilant in practicing strategic threat management. Our Forensics professionals can help you sift through the patchwork of global anti-corruption standards, identify those that are most relevant to your operational footprint, industry characteristics, and business processes, and align your compliance program with leading anti-corruption practices to enable you to better protect your company while working towards your strategic goals.
1: Source: PwC’s 18th Annual Global CEO Survey, 2015