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Bribery and corruption risk

Prosecutors and regulators across the globe are increasingly active in enforcing anti-corruption legislation. The number of enforcement actions, the number of jurisdictions within which enforcement actions have been brought and the size and nature of fines and penalties have all increased significantly over the last few years.

The UK authorities have for example recently brought a number of enforcement actions against UK corporations securing in one instance a penalty of £30 million. The UK Bribery Act which came into force on 1 July 2011, introduces new and more easily applied offences which are likely to see this trend continue.

The largest penalty levied by the US was, as widely reported the US $800 million that Siemens agreed to pay to settle actions with the Department of Justice and Securities and Exchange Commission. A similar amount was paid to the authorities in Germany.

Authorities across different jurisdictions are increasingly sharing information and bringing joint actions meaning that more than ever managing corruption risk is a global rather than a country specific issue. Companies therefore need to regularly assess the adequacy and scope of their anti-corruption programmes in order to ensure their continued effectiveness.

Experienced team

The anti-corruption specialists at Deloitte and other Deloitte Touche Tohmatsu (DTT) member firms have helped some of the world’s leading companies navigate corruption risk. We have been engaged by our clients to assist on some of the largest and most sophisticated anti-corruption enforcement actions.

Specialists in the DTT team across the globe include former government prosecutors, accountants, certified fraud examiners, business intelligence professionals and computer forensics specialists.

Our clients seek our assistance on a broad range of corruption related-matters including:

  • Compliance Programme Implementation and Assessment;
  • Transactional Due Diligence;
  • Forensic Accounting Investigations of alleged violations of anti-corruption legislation; and
  • Business Intelligence and related Integrity Due Diligence services.

For further information, please contact Nic Carrington or Peter Maher, or please call 020 7936 3000.

Research and insight

  • Bribery and corruption risk - Mapping our global capabilities
    The anti-corruption specialists at Deloitte have worked with counsel to assist some of the world's leading companies to help mitigate corruption risk and conduct corruption investigations.

Useful links

  • Meet the team
  • Research & publications
  • In the press
  • Careers

Highlights

  • In focus
    Watch our video to find out more about the UK Bribery Act

Find out more

UK Bribery Act guidance update
Ministry of Justice has published the adequate procedures guidance.

Deloitte ranked largest forensics and dispute advisory practice
News release.

Bribery Act 2010
Read the contents of the Act.

Energy Briefing Series
Implications of the UK Bribery Act for the oil and gas industry.

Key contacts

Nic CarringtonNic Carrington
Partner, Forensic and Dispute
Services, Tel: 020 7936 3000

Peter MaherPeter Maher
Partner, Forensic and Dispute
Services Tel: 020 7936 3000

Kirsty Searles Kirsty Searles
Partner, Anti Bribery and Corruption Controls
Tel: 020 7936 3000

 

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