ABC in 2020 & beyond

LillianS. Hardy (+1 202637 5884, lillian.hardy@hoganlovells.com) is a partner in the Washington, D.C. officeof Hogan Lovells and Liam Naidoo (+44 20 7296 5887, liam.naidoo@hoganlovells.com) a partner and Danny Knowlesa litigation associate in the London office.Thestatistics in this article are derived from Hogan Lovells’ recently-publishedglobal study, High Seas: Steering the Course II - Navigating bribery andcorruption risk in 2020 (https://stc.hoganlovellsabc.com/), examining the challenges ofimplementing anti-bribery and corruption programmes. The study was based oninterviews with over 700 chief compliance officers (CCOs), heads of legal, orequivalent at some of the world’s largest organisations. In conjunction, HoganLovells’ annual Global Bribery & Corruption Outlook (https://bac-2020.hoganlovellsabc.com/) analyses the increased reach ofanti-bribery and corruption laws and looks ahead to the trends to be expectedin 2020.

Growing layers of legislation, coupledwith more vigorous and coordinated enforcement efforts around the world, placea heavy burden on corporate compliance teams covering bribery, fraud andcorruption. Businesses must undertake a delicate balancing act; yet, in manyinstances, risk management continues to take a back seat to businesspriorities. Lillian S. Hardy, Liam Naidoo and Danny Knowlesof Hogan Lovells discuss recent developments, current trends, and growingcompliance concerns.