It’s 2020: start of a new decade, with new opportunities, yet bribery and corruption risks remain the same. Managing these risks is possible – if you evolve and adapt your approach. Legal and compliance departments, no doubt, can act on lessons from 2019’s enforcement activity or, if things go awry, seek cooperation credit.
Authorities do encourage companies to get compliance right. And with the right measures in place, and a clear culture and tone from the top, you can. Companies that don’t will see fines and sanctions increase, liability widen, and enforcement regimes get stronger.
We asked a number of clients to share their thoughts along with ours. Together, we singled out industry-specific concerns about bribery and corruption compliance around the world. Read on for our views. You’ll also find updates on issues to watch out for in various regions.