When it comes to international business, the arm of anti-bribery and corruption laws is long, reaching transactions across the world. And the arms of the law are growing more numerous. It's no longer just America's Foreign Corrupt Practices Act that companies have to worry about. Canada and Brazil both have strong anti-bribery laws, while the U.K.'s Bribery Act is stricter than that of any other country. Companies don't need to just worry about themselves, either. Third-parties can open up corporate actors to liability for bribery and corruption violations.
No wonder many companies rank auditing third parties as their number one challenge. A recent survey by KPMG highlights those challenges, showing where companies are falling short in their international anti-bribery and corruption compliance efforts.