KMPG Survey Shows Lack of FCPA Due Diligence

KPMG Forensic released aurvey of 103 U.S. executives with FCPA duties. The survey found:

only one-third of respondents reported having an adequate due diligence process, and 27% said such compliance was only “minimal.” The survey also found that while 40% of companies include anti-corruption certifications in their normal business dealings, most of those companies apply the certifications only to their own employees. Only 24% reported using the certifications for outside vendors or suppliers and 35% for outside contractors, both of which are often cited by FCPA experts as a leading cause of briberies.

I could not find this survey on the KPMG websites.

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