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Study: Many Businesses Struggle With Anti-Corruption Controls

Joe Mont | December 10, 2014

Three years after the U.K. Bribery Act came into force, many businesses are still struggling to implement the procedures necessary to prevent corruption. Over a third of nearlyt 3,000 anti-corruption controls assessed by GoodCorporation were graded as inadequate in a recent study by the international business consultant.

GoodCorporation’s findings, detailed in, “Combating Corruption: are Businesses Doing Enough?," a white paper published in conjunction of the United Nation’s International Anti-Corruption Day on Dec. 9, suggest that anti-bribery procedures recommended by the Ministry of Justice are not being successfully implemented. Sixty-three percent of the anti-corruption due diligence procedures it evaluated were found to be inadequate.  Although  due diligence checks are vital, GoodCorporation found a high...

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