Survey: Tech gaps, third parties pose biggest ABAC threats
Compliance professionals surveyed regarding their anti-bribery and corruption (ABAC) efforts 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. The largest cohort of respondents—21 percent—represented the financial services industries, followed by technology (9 percent) and manufacturing (8 percent).
More than half the respondents (57 percent) worked at companies with fewer than 5,000 employees. About 22 percent of organizations represented in the report had under $50 million in annual revenue, 21 percent had between $1 billion and $5 billion in revenue, and 17 percent surpassed $10 billion.