Survey Report: Tech gaps, third parties pose biggest ABAC threats
Provided by 
Morgan Lewis2023-09-19T20:46:00
Compliance professionals surveyed regarding their anti-bribery and corruption efforts (ABAC) indicated resource support deficiencies in areas including staffing and technology.
The survey, conducted online by Compliance Week and law firm Morgan Lewis between May and June, gathered responses from 154 practitioners. Nearly half the respondents (48 percent) said they expected bribery and corruption risks to increase over the next 2-3 years, while 39 percent felt it would remain the same over that period.
Insights shared from respondents included:
- How companies assess their greatest bribery risks
- Where ABAC resource gaps exist
- Third-party audit frequency
Related articles
-
OpinionThe illusion of control: How shrinking teams and AI are redefining cyber risk
Over recent years, cybersecurity executives have been tasked with an almost impossible Challenge: reduce headcount, accelerate transformation, integrate artificial intelligence, meet regulatory obligations, and still maintain resilience.
-
OpinionNational Fraud Enforcement Division: A dangerous escalation of compliance risk
Chief compliance officers and general counsel, beware: The Trump administration’s merging of its whole-of-government enforcement approach with its political agenda forewarns of escalating compliance risk on a national scale.
-
ArticleCW AI event: Boards eager for AI adoption, but governance lags
A “massive” surge in corporate leadership in adopting artitifical intelligence (AI) has been coupled with gaps in AI guardrails, according to a former Google executive speaking at a Compliance Week event on AI use in compliance.
More from Survey Reports
-
SurveyCW survey: Compliance teams struggling with AI implementation and trust issues
As companies push employees to use Artificial Intelligence tools to boost efficiency, many organizations are encountering challenges in implementing the technology. A new Compliance Week and konaAI survey found that the most common obstacles were practical and operational issues tied to existing compliance infrastructure.
-
ArticleCW survey: Compliance is adopting AI tools, but governance and controls lag
More than 83 percent of respondents to a new Compliance Week and konaAI survey report using artificial intelligence (AI) but only about 25 percent say their organizations have implemented a strong governance framework.
-
ResourceSurvey Report: CW survey finds compliance teams struggling to scale due diligence beyond direct vendors
Compliance and risk professionals surveyed about their third-party due diligence programs report growing strain as organizations manage larger vendor ecosystems with limited resources and rising regulatory expectations.