2018 GLOBAL WHITE COLLAR CRIME SURVEY

More than a third of people working in legal or compliance departments have felt under pressure to approve the engagement of a third party despite bribery and corruption “red flags”.  The Law Society Gazette on 28th November reported that, according to the 2018 Global White Collar Crime Survey, 40% of employees reported such pressure, 5% said they always felt it, 14% said they often felt it and 21% said sometimes.  On top of this, 48% believe that people who pay bribes on behalf of their company are rewarded internally or personally while 29% are unaware of whether their place of work has any anti-bribery and corruption (ABC) measures in place.  88% said they would be inclined to raise any potential issues internally, rather than externally. However, only 3% said they would make use of a whistleblowing hotline, and only 2% would go to a regulator or authority.

https://www.lawgazette.co.uk/law/lawyers-dont-let-bribery-scupper-a-good-deal-survey/5068482.article

The survey report is available at –

https://www.whitecase.com/sites/whitecase/files/white-collar-survey-37-web.pdf

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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