Hogan Report Finds Compliance Budgets Languishing but Risks Rising

Compliance teams are carrying heavier workloads even as budgets stagnate, Hogan Lovells’ second global survey on navigating bribery and corruption risk found. Compliance leaders expressed concern about entering higher risk markets as more jurisdictions enact anti-bribery and anti-corruption laws, and as international cooperation between enforcement authorities increases. “The survey results show that across industries, there is pressure to grow business, and that has led to companies investing in emerging markets,” Stephanie Yonekura, a Hogan Lovells partner, told the Anti-Corruption Report, adding that “Compliance officers are feeling pressure to enter these markets in spite of the risks related to bribery and corruption.” See “An International Take on the State of Compliance” (May 15, 2019).

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