Corruption isn’t something that happens somewhere else, in other countries and committed by other people. Nowhere is corruption-proof, and new rules being introduced in the EU and the U.K. aim to focus compliance officers on the full gamut of risks in all jurisdictions and every sector.
Escalating war in the Middle East, in addition to Ukraine, means the tighter rules are timely. Corruption risks rise at times of geopolitical stress. Normal checks and balances may be suspended or bypassed in regions under attack, while powerful state actors look to advance their interests and undermine authority and trust further afield.
