Even as companies continue to agree to multi-billion-dollar settlements related to the corrupt acts of third parties, managing the risks associated with them nevertheless eludes many compliance departments.
Consider just the latest example: On Jan. 31, European plane maker Airbus reached the largest global foreign bribery resolution to date—a whopping $4 billion in penalties—arising out of a scheme to use third-party business partners to bribe government officials, as well as non-governmental airline executives, in 20 countries around the world to secure sales.
