Global consulting firm Kroll has released the 2022 edition of its Anti-Bribery and Corruption Benchmarking Report, which surveyed 700 risk experts from around the world. Anastasia Smiley, Nick Beaton and Brenton D’Souza walk through some of the key findings from the Middle East.

Kroll’s most recent Anti-Bribery and Corruption survey included executives and compliance professionals from two key countries in the Middle East and North Africa (MENA) region – the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia (KSA).

As a powerhouse of innovation and economic opportunity, the MENA region is an important area of focus for both Kroll and the wider compliance community. The MENA region will maintain its importance in the long-term, given the consistent level of interest in global businesses seeking to enter and operate across this area of the world.

While the majority of 2022’s global respondents predict that bribery and corruption risks will largely stay the same from 2021 into 2022, executives from the KSA and UAE believed otherwise, with 68% of KSA-based participants and 56% of UAE-based participants concerned that risks in these jurisdictions are likely to increase “slightly” or “significantly” over the next 6-12 months.

In light of this, 93% of surveyed business leaders from both countries agreed that company compliance functions will likely take on increased responsibilities in 2022 to address any emerging concerns.

At the same time, executives from both countries...

Read Full Story: https://www.consultancy-me.com/news/5108/the-state-of-anti-bribery-and-corrup...