Report

Morgan Lewis and Compliance Week Anti-Bribery and Corruption Survey Report

September 2023
Morgan Lewis and Compliance Week Anti Bribery and Corruption Survey Report

Regardless of the products or services they may create or offer, companies of all sizes operating across the economy must contend with the risks posed by bribery and corruption on an unrelenting basis.

 

These ongoing and emerging threats can occur internally, due to a lack of critical resources such as technology, or externally, stemming from third-party engagement. Whatever their nature or origin, enforcement agencies such as the US Department of Justice (DOJ) expect organizations to thoroughly monitor, assess, report, and address such challenges—those companies that do not potentially face ramifications damaging to their reputation, finances, and ability to operate without distraction. 

In the Morgan Lewis Anti-Bribery and Corruption Survey Report published in partnership with Compliance Week, Morgan Lewis lawyers discuss the key findings of a tailored, in-depth assessment of compliance leaders—ranging from auditors and cybersecurity specialists to chief compliance officers and general counsel—and their current practices and priorities, including their confidence in their financial controls, use of data to inform and improve their compliance functions, and understanding of the importance of third-party due diligence.

The report also highlights changes that DOJ announced earlier this year to its policy on evaluation of corporate compliance programs that explicitly outlines expectations organizations should meet to be deemed as having an effective corporate compliance program—a critical factor during the resolution of any DOJ investigation.

To join the discussion on what compliance professionals across industries, from financial services to manufacturing, revealed in the Morgan Lewis and Compliance Week Anti-Bribery and Corruption Survey Report and what we can learn from the findings— as well as DOJ’s focus as the new year draws nearer—register for our October 3 webinar Compliance Trends: A Discussion on Anti-Bribery and Corruption Survey Findings.