Assessing Your Bribery And Corruption Risk Exposure

There is no time like the present to refresh your organization's bribery and corruption risk assessment.

Many organizations recognized that the COVID pandemic changed the risk and control landscape, and took the opportunity to revisit their compliance programs, at least from a distance.

The risk landscape has again shifted post-pandemic; the war in Ukraine, the changing economic environment, and the pressure to "play catch-up" in industries/markets hardest hit by the pandemic are all fresh risks to consider. The easing of pandemic-era restrictions means compliance teams have renewed access to people and data to fully assess their risks and understand whether compliance programs are still fit for purpose. If your organization is looking to refresh its bribery and corruption risk assessment or is undertaking one for the first time, here are some practical considerations.