The new anti-corruption era is driving companies to change their behaviors to adapt to greater financial and reputational risks. At the same time, grey areas—including facilitation payments, travel and entertainment expenses, and the retention of third-party agents—add to the burden of anti-corruption compliance. While companies have made progress, executives continue to acknowledge that their anti-corruption programs need to do more to deter and detect corruption. Leading financial institutions are demonstrating that an effective anti-corruption program must continually reassess risks and be supported by consistent, clear messaging from the top.
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