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Anti-corruption compliance should by now be as entrenched in the thinking of UK companies and their staff as anti-money laundering requirements. Currently very much in vogue, it is the new anti-money laundering in the same way that 40 is the new 30 and brown
is the new black. Over the past five years a great deal of effort has gone
into raising awareness about the effects of corruption and the criminal courts have seen many more prosecutions for corruption, both at home and abroad, than in the previous decade.
As we go into 2015 anti-corruption is still in fashion, remaining high on the government’s list of priorities; a plan for the future was published at the end of last year and the Financial Conduct Authority (FCA) has also carried out its own assessment of the risks of corruption in the regulated sector.
First published in the Procurement & Outsourcing Journal January/February 2015
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