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Global Fraud and Risk Report 2021: Volume 1 – Bribery and Corruption Risk: The Winds of Change

The 2021 Kroll Global Fraud and Risk Report reveals the world’s biggest corporates have been hit hardest by bribery and corruption and illicit activity, despite bolstering their defenses.

In volume 1 of the report, Kroll asked 1,336 senior decision-makers for risk strategy, including general counsels, chief compliance officers, chief finance officers and CEOs at corporates about the challenges they are facing around bribery and corruption risk.

The survey highlighted that corporates were placing an increased focus on proactive measures to manage bribery and corruption risk, including enterprise-wide risk assessments (82%) and the use of proactive data analytics (86%)

Nearly three quarters (72%) said bribery and corruption issues were being given sufficient board-level attention and investment. However, despite these defenses being employed, 82% overall still felt corruption and illicit activity were having a significant impact on their organization.

To read the report click here.

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