Global Criminal Risk: Trends And Strategies To Mitigate Vulnerabilities

Current trends show that with the continued expansion of truly global businesses with multinational centers of control and operations, more and more US lawyers and compliance personnel will find that their work increasingly concentrates on cross-border or foreign conduct. Already we see that efforts to investigate and prosecute corruption have expanded greatly around the world. The cost of global criminal risk is high: a recent report concluded corruption had cost the European Union's member nations $162.16 billion a year; the World Bank estimates the annual worldwide bribery figure at $1 trillion.

In their recent article in Ethisphere magazine, White Collar Defense and Government Investigations partners Stephen Hill and Max Carr-Howard discuss the trend of increased attention by anti-corruption enforcement around the world and note that this increased scrutiny within many countries and across the globe will require recalibration of organizations' internal