’Tis the season for gift-giving and, with it, a heightened likelihood for bribery and corruption risk.
According to a recent online poll of 1,600 professionals conducted by Deloitte, 20 percent of respondents said their companies don’t assess employee gift-giving corruption risk, and yet 43 percent said they expect anti-corruption enforcement to rise in 2016.
That’s especially concerning, given that red bows during the holiday season could mean red flags for regulators. “Giving gifts that could be seen as bribes to non-U.S. government officials can result in fines, regulatory action and brand damage for multinational organizations,” said Bill Pollard,...
| Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days. |
Join the Community and gain full access.
Single-user subscription, one year | $1,199
For multi-user subscriptions, email or call (888) 519-9200.