Last month, EY published its 15th Global Fraud Survey, Integrity in the Spotlight – the future of compliance. The results are damning. Despite more active enforcement, amounting to over $11bn of penalties imposed by regulators and law enforcement agencies worldwide, there has been no improvement in the scale of bribery and corruption since 2012. In the UK, levels seem to be on the rise, even though the UK Bribery Act, which introduced much stronger anti-bribery laws and has been described as one of the toughest pieces of anti-corruption legislation in the world, came into force in 2011.
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