With countries like China, India, Russia and the U.K. creating and strengthening their own anti-corruption laws, now more than ever multinational companies, need to be proactive in addressing their anti-corruption compliance risks and building programs that can effectively mitigate the related risks.
In today’s vigorous regulatory environment, compliance programs predating such game-changing measures as the UK Bribery Act are not up to the challenge. The upshot for multinationals is clear: Outdated compliance programs can open compliance gaps and lead the organization away from operational strategy and into regulatory violations.
While many companies are striving to strengthen risk awareness and sensitivity, some compliance gaps remain. Read on to enhance your understanding of how your organization can raise its anti-corruption IQ.