Lee Kirschbaum Describes Most Prevalent Compliance Risks Today in Risk Management Magazine

In reviewing Kroll’s 2016 Anti-Bribery and Corruption Benchmarking Report, Risk Management Magazine noted a few bright spots in the compliance risk landscape according to respondents to a Kroll survey earlier this year, such as the powerful influence of executive-level engagement in compliance matters. But a trio of risks converged last year — a rise in third party relationships, a record year for M&A activity, and the growing number of global anti-bribery and anti-corruption regulations — that are presenting companies with compliance-related challenges on several fronts.

Lee Kirschbaum, President of Kroll’s Compliance business, who is interviewed in the article, describes the pitfalls that organizations are encountering with these risks. He also commented on various effective best practices, such as taking a risk-based approach to vetting third parties and including the compliance officer in M&A activities.

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