Survey: Tech gaps, third parties pose biggest ABAC threats
By 
Adrianne Appel2023-09-20T14:07:00
Compliance professionals surveyed regarding their anti-bribery and corruption (ABAC) efforts indicated resource support deficiencies in areas including staffing and technology.
The survey, conducted online by Compliance Week and law firm Morgan Lewis between May and June, gathered responses from 154 practitioners. The largest cohort of respondents—21 percent—represented the financial services industries, followed by technology (9 percent) and manufacturing (8 percent).
More than half the respondents (57 percent) worked at companies with fewer than 5,000 employees. About 22 percent of organizations represented in the report had under $50 million in annual revenue, 21 percent had between $1 billion and $5 billion in revenue, and 17 percent surpassed $10 billion.
THIS IS MEMBERS-ONLY CONTENT
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
Related articles
-
News BriefCFTC names chief data officer to boost analytic capabilities
The Commodity Futures Trading Commission announced two appointments to its Division of Data designed to help the agency leverage analytics and emerging technologies to improve its policymaking and oversight efforts.
-
PremiumA job never done: Tips for TPRM integration
Taking risk mitigation further and understanding your third parties and their risks can create value for your organization, practitioners discussed as part of a panel at CW’s virtual TPRM and Oversight Summit.
-
News BriefOECD group questions Brazil’s momentum on anti-bribery
Brazil has made strides in its anti-bribery enforcement efforts, but a working group at the Organization for Economic Cooperation and Development is concerned the country doesn’t have the controls in place to sustain its progress.
More from Surveys & Benchmarking
-
SurveySurvey: The State of Third-Party Due Diligence
This is a Compliance Week Survey, sponsored by GAN Integrity. It is completely anonymous and designed to help benchmark the state of third-party due diligence. Results will be shared by Compliance Week and GAN Integrity in the form of a benchmark report.
-
PremiumWhat’s keeping compliance leaders up at night? Struggles and strategies for 2025
Managing the unrelenting pace and increasing complexity of regulations is the top concern among compliance professionals, according to a recent survey by Compliance Week and Resolver.
-
PremiumSurvey: Organizations broadly adopting AI, with varied governance
The majority of businesses are using AI and doing so without governance–a compliance gap that poses extreme risks, a new survey by Compliance Week and GAN Integrity found. A webinar will discuss why it is crucial to have AI governance, how to implement it, and what strategies to strengthen programs. ...