• Service: Advisory, Transactions & Restructuring, Forensic
  • Industry: Financial Services
  • Type: Survey report
  • Date: 7/13/2011

Global Anti-Bribery and Corruption Survey 2011 

Managing bribery and corruption risk is on the corporate boardroom agenda. Leaders recognise the reputational harm from public scandal; cost in the form of investigations, fines; and individual cost through criminal prosecution. KPMG surveyed executives on their anti-bribery and corruption (AB&C) compliance challenges and how they are preventing, detecting and responding to AB&C risk. The results in our Global Anti-Bribery & Corruption Survey indicate that many compliance programs lack sufficient depth to mitigate AB&C risk.


Although the survey participants were from the UK and US, the findings and implications are still relevant to organisations in other regions, particularly as those with international operations still have to comply with the legislation referred to in the this paper.


Key findings

The top 10 fines issued by either US or UK authorities in the last 3 years for breaching anti-bribery laws all exceed USD$80 million with the highest at USD$800 million.
Firms continue to face a number of challenges, notably with conducting effective third party due diligence and the different breaches for facilitation payments.
80 percent of survey respondents had anti-bribery training, although 40 percent still need to extend this to third parties such as agents.
The majority of overseas organisations surveyed undertake anti-bribery risk assessments.
Over 75 percent of surveyed UK and US firms had a formal written anti-bribery and corruption compliance program.
Global Anti-Bribery and Corruption Survey 2011
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