The IIA and McGladrey Release Global Corruption Law Compliance Report
In today’s global economy, businesses operate in a fast-paced and highly interconnected world, distributing and selling products around the world more than ever before. Advances in technology have increased access and potential for global growth; however, with this growth comes increased exposure to bribery and corruption. In response, government entities have established a more stringent regulatory environment.
To assess these threats and how effectively the middle market is dealing with them, The IIA joined forces with McGladrey to release the Global Corruption Law Compliance Report.
The report discusses:
- Global laws and regulations that prohibit bribery and corrupt business activities, such as the U.S. Foreign Corrupt Practices Act of 1977 (FCPA) and the United Kingdom’s Bribery Act of 2010 (U.K. Bribery Act).
- Areas in which organizations are most vulnerable to bribery and corruption including third-party business relationships and arrangements with multinational vendors, service providers, distributors, sales and customs agents, freight forwarders, and other intermediaries.
- The true cost, both tangible and intangible, of noncompliance including fines, investigative discovery fees, and damage to an organization’s reputation.
The report encourages business leaders to remain vigilant in both their awareness of existing and emerging threats, as well as their assessment of the effectiveness of the governance, oversight, and compliance measures their organizations put in place to mitigate such risks.
To download a complimentary copy of the complete report.