Kroll/Ethisphere Report Highlights Concerns About Reputational Risk and Post-Onboarding Monitoring of Third Parties

A whopping 92% of compliance professionals expect their organizations’ bribery and corruption risks to either increase or remain the same in 2017, according to a survey conducted by Kroll and the Ethisphere Institute, and around half said their compliance budget is lacking. Respondents cited third-party relationships and global regulatory enforcement as enhancing the risk, and expressed concerns about the impact of a bribery or corruption violation on reputation. We analyze the survey results with input from Kroll experts. See also “2016 Brought Heavy Enforcement, a Flurry of Settlements and Disruption to the FCPA Space” (Mar. 1, 2017).

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