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The Compliance Horizon What is on the compliance horizon for 2017?

The Risk Advisory Group surveyed 157 professionals who handle compliance as part of their current role. The survey was conducted online in October 2016.

  • Ambiguity caused by geopolitical shocks such as Brexit and the US election are front of mind for the compliance industry as it plans for the future
  • 53 per cent of compliance professionals cited the threat of a recession as the biggest external risk facing their business in the year ahead, with Brexit as their second biggest concern
  • 80.5 per cent of compliance professionals identified Donald Trump as the presidential candidate who posed the greater threat to the compliance profession
  • 73 per cent of the compliance professionals we spoke to think that their budgets will either be cut or stay the same in 2017 and 48 per cent said it would take an internal investigation to drive any increase

Key Findings

  • Ambiguity caused by geopolitical shocks such as Brexit and the US election are front of mind for the compliance industry as it plans for the future
  • 53 per cent of compliance professionals cited the threat of a recession as the biggest external risk facing their business in the year ahead, with Brexit as their second biggest concern
  • 80.5 per cent of compliance professionals identified Donald Trump as the presidential candidate who posed the greater threat to the compliance profession
  • 73 per cent of the compliance professionals we spoke to think that their budgets will either be cut or stay the same in 2017 and 48 per cent said it would take an internal investigation to drive any increase

Analyst Comments

Compliance Horizon 2016 1

Corporate Investigations

We built our third party compliance platform to make the lives of compliance professionals easier. We worked closely with our clients to understand the challenges they face. The platform focuses on automation of day-today tasks, centralisation of information and a clear audit trail to give compliance teams more time to focus on strategic decisions and complete confidence in their processes.

Rebecca Palser, Director
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Compliance Horizon 2016 2

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Risk Advisory offers both global reach of information and a bespoke, personalised touch.

International intelligence manager for a major bank
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Compliance Horizon 2016 3

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Risk Advisory offers both global reach of information and a bespoke, personalised touch.

International intelligence manager for a major bank
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Compliance Horizon 2016 4

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Risk Advisory seems to always anticipate our intelligence requirements before we need to ask. There have been numerous occasions where we've receive detailed strategic assessments or analytic reports based on incidents or trends of great concern to our company.

Intelligence analyst for a global hotel chain
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Compliance Horizon 2016 5

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Risk Advisory seems to always anticipate our intelligence requirements before we need to ask. There have been numerous occasions where we've receive detailed strategic assessments or analytic reports based on incidents or trends of great concern to our company.

Intelligence analyst for a global hotel chain
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Compliance Horizon 2016 6

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Risk Advisory offers both global reach of information and a bespoke, personalised touch.

International intelligence manager for a major bank
Compliance Horizon 2016 7

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Our relationship with Risk Advisory is one of the, if not the key business connection in this sector. Wonderful people, complete integrity and a focused approach to all of the cases where we have been lucky to work with them.

Senior litigator at leading London boutique law firm

The Corruption Challenges Index is derived from a survey of around 20 due diligence experts from Risk Advisory’s six regional business intelligence teams, conducted in Q4 2016. The survey asked our analysts a series of questions about:

  • risk of corruption in each of their countries of expertise
  • demand for our due diligence services
  • availability of country-specific information to support effective evaluation of integrity risk

The survey assessed corruption risk and information opacity in 181 countries to arrive at a ‘Corruption Challenge’ score, and a consequent ‘Most Challenging Jurisdiction’ ranking. The most challenging countries were those assessed to have a high threat of corruption, high exposure to corruption because of foreign investment levels and high levels of opacity around public information and business intelligence.

The Corruption Challenge score (C) sums sub-scores for Corruption Risk (R) [itself the product of Exposure (E) and Corruption Threat (T)] and Opacity (O), to arrive at the following calculation:

C = R + O, where

R = E x T

Exposure (E) is arrived at by summing scores based on the frequency of due diligence assignments conducted by Risk Advisory in 2016 in each country (scored on scale between 1 and 4) and the number of FCPA enforcement actions conducted in the period 2008-2016 (scored on a scale between 1 and 5). A country with a maximum score (9) will have seen a high level of interest in our due diligence services, indicating increased investment and concern about corruption on the part of our multinational client base, as well as a high number of enforcement actions indicating a high level of long arm legal scrutiny.