\n<\/p>\n
\u00a0<\/i><\/p>\n
HONG KONG SAR –\u00a0Media
\u00a0<\/p>\n Kroll’s
\u00a0<\/p>\n This
\u00a0<\/p>\n The survey
\u00a0<\/p>\n Furthermore,
\u00a0<\/p>\n Respondents in China were more concerned about
\u00a0<\/p>\n Violet Ho,
\u00a0<\/p>\n “It has
\u00a0<\/p>\n Our survey
\u00a0<\/b><\/p>\n Survey
\u00a0<\/b><\/p>\n For the 2021 Global
57%
of respondents at US$15+ billion turnover companies reported “very significant”
impacts of corruption and illicit activity \u00a0 Proactive
data analytics to mitigate risks employed by nearly all respondents (86%) Almost
a third (29%) of respondents in China rank employees’ actions as the top threat
related to bribery and corruption risk, the highest percentage of …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/17469"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=17469"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/17469\/revisions"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=17469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=17469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=17469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nOutReach<\/a>\u00a0–\u00a014 September 2021 – Kroll,<\/a> the world’s premier provider of services and digital
\nproducts related to governance, risk and transparency, today revealed that the
\nworld’s biggest companies were feeling the greatest impact of corruption and illicit
\nactivity in 2020.<\/p>\n
\nGlobal Fraud and Risk Report<\/i><\/a> shows that 57% of respondents at companies
\nwith a turnover of more than US$15 billion reported a very significant impact of
\nillicit activity, such as fraud, corruption and money laundering on their
\norganisation, with a further quarter (25%) describing the impact as somewhat significant.
\n<\/p>\n
\ntrend continued for firms with an annual revenue of between US$10 billion \u2013US$15
\nbillion, with 48% of respondents saying their organisation had been very<\/i>
\nsignificantly impacted and 44% reporting the impact was somewhat significant.<\/p>\n
\nhighlighted that corporates were placing an increased focus on proactive
\nmeasures to manage bribery and corruption risk, including enterprise-wide risk
\nassessments (82%) and the use of proactive data analytics (86%). <\/p>\n
\nnearly three quarters (72%) said bribery and corruption issues were being given
\nsufficient board-level attention and investment. However, despite these
\ndefences being employed, 82% overall still felt corruption and illicit activity
\nwere having a significant impact on their organisation.<\/p>\n
\ninternal and external bribery and corruption risks compared to other regions
\nsurveyed. More than a third of respondents (34%) cited weaknesses in
\nrecord-keeping as their top concern, higher than the global average of 31%.
\nEmployees’ actions was second on the list at 29%, again above the global
\naverage (23%). Almost four in 10 (37%) respondents in China cited lack of
\nvisibility over third parties as their top concern related to bribery and
\ncorruption, also greater than the global average (46%). <\/p>\n
\nSenior Managing Director and Head of Greater China, Forensic Investigations and
\nIntelligence, said:<\/p>\n
\nbeen a challenging year for corporates, with organizations around the world
\nfacing threats from all angles, including increasingly complex supply chains
\nand the impact of the global pandemic. It’s encouraging to see that companies
\nin China and other regions are strengthening defences with proactive measures
\nsuch as data analytics and that bribery and corruption risk is on the boardroom
\nagenda, but the findings from this year’s report leave us with an important
\nquestion: Why are bribery and corruption threats persisting and still having
\nsuch a big impact? <\/p>\n
\nhighlighted that organizations are feeling vulnerable to both internal and
\nexternal threats such as poor record keeping and lack of visibility of third
\nparties. The human factor is also a key component \u2013 even the best compliance
\nprograms can be ineffective if the appropriate education, training, company
\nculture and tone from the top aren’t employed.”<\/p>\n
\nMethodology<\/b><\/p>\n
\nFraud and Risk Report<\/i>, Kroll conducted an online survey of 1,336 senior
\ndecision-makers for risk strategy, including general counsel, chief compliance
\nofficers, chief finance officers and CEOs at corporates. Sixty percent of the
\norganisations have annual revenues of $250 million or more, and 34% have annual
\nrevenues of more than $1 billion. Survey respondents were drawn from the 17
\ncountries and regions featured on the global risk map. The survey was conducted
\nin March 2021.<\/p>\n<\/div>\n\n
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