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Finance transformation and risk

Bribery and corruption – the hidden social evil on your doorstep

15th May 2024
Delve into the true extent of how bribery and corruption impacts SMEs across the world, and discover the pressing need for enhanced transparency and robust regulatory frameworks.

At a glance

  • Learn to identify and prevent bribery and corruption risks effectively
  • Understand the implications for SMEs caught up in bribery or corruption
  • Enhance your role as a compliance and risk advisor
The research shows a high prevalence and deep concerns about the damaging impact of bribery and corruption on SMEs, with 59% of SMEs and their advisers believing that standing up to bribery and corruption will cost them business trade or opportunities.

But the survey also reveals a strong understanding of the benefits of standing up to bribery and corruption. 77% agree that having a strong anti-bribery policy boosts customer confidence in their business, and 68% say it increases their chances of getting lucrative contracts with big businesses and public sector bodies.

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